Corzine's coming train wreck

InTheLobby has two must read posts today.

"Jonny B. Goode" tells us that Corzine is planning to circumvent the legislature's attempts at fiscal responsibility in the face of the Wall Street meltdown, by spending last year's $650 million windfall surplus to cover revenue shortfalls in the current budget. Corzine had planned to use the $650 million in next years budget so he could continue to deceive the public into thinking he was really getting the state's finances in order.

He should use $100 million of that money to replace the pension money he lost on Lehman Bros and use the rest of it for transportation infrastructure.

The legislature seems ready to cut spending but Jon Boy will hear none of it. What happened to matching spending with recurring revenues? I guess that only counts when revenues are rising.

The Daily Muse tells us, once again,why Corzine insists on wreckless spending.