“Our State Has Been Brought To Its Knees And We Are On The Brink Of Insolvency"

Opening Statement of Senator Anthony Bucco

Budget Hearing, April 8, 2010

“Our State has been brought to its knees and we are on the brink of insolvency.

“A recession was a major factor. But the policies of Democrat governors and past Democrat Leaders of the Legislature made things worse. The problem is spending, Even a former Democratic Treasurer acknowledged that this state has a ’spending problem’ not a revenue problem.

“More than 100 taxes were imposed or increased over the last 8 years. These taxes made New Jersey uncompetitive and killed jobs. They helped drive our unemployment rate higher than our neighbors — to 10%.

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