The most brilliant idea ever for politicians

When your state needs a $4.7 billion loan just to stay a float chances are you are spending WAY too much money. Those are words to live by. If a company ran a business like that they wouldn't be in business for very long. Government needs to learn to be run like a business.

Gov. Pat Quinn on Tuesday unveiled a caustic budget plan that would borrow billions of dollars to stay afloat and push even more debt down the road, hoping to persuade leery lawmakers to instead raise taxes in an election year.

Quinn aides warned the plan would cost some 13,000 teachers and staff their jobs, cut off poor seniors from help in paying for costly prescriptions and shut down some health care programs for the indigent. But even after about $2 billion in cuts, the state would still be $11 billion in the hole.

The administration's warnings served as the precursor for the Democratic governor's Wednesday budget address before a joint session of lawmakers who want to wrap up their business in two months so they can focus on their re-election.

Gov Quinn doesn't need a loan. He doesn't need to raise taxes. He needs to cut spending. There is no such thing as a revenue problem in our government only spending problems.

The problem is, once a Governor does propose an actually spending cut. Not just a cut in the rate of increase they get killed for it by the media.

New Jersey Governor Chris Christie may propose a budget that is as much as 14 percent smaller than the current spending plan and includes cuts to property tax rebates and school aid, according to two people with knowledge of budget talks.

Christie, 47, will outline a budget that may range from $25 billion to $27 billion and contain a total of $10 billion in spending reductions that will also lower funding for the state’s 566 towns and cities as he seeks to close an $11 billion deficit, the people said. The governor told lawmakers in a conference call last week that the state anticipates $27 billion in revenue for the year starting July 1, one of the people said.

Gov Christie knows that the only way out of the financial mess in New Jersey is too cut spending. If he were to raise taxes it would only add to the mess. Cause more people to lose their jobs. Drive more businesses out of the state. And drive New Jersey into a financial bankruptcy.