Fausta's blog

Faustam fortuna adiuvat
The official blog of Fausta's Blog Talk Radio show.

Sunday, August 22, 2004

Resignation countdown: 12 days before total disenfranchisement
In case readers of this blog don't know what I mean by mismanagement, here's an item from today's Star Ledger:
Interest on 'deficit bonds' exceeds cash to be raised: First of two sales generates $839 million to close state budget gap
The bond sale documents offer the first tally of the costs taxpayers will face for Gov. James E. McGreevey's strategy of using borrowed funds to balance the budget. They show the bonds carry a total interest tab of $847 million, meaning the long-range cost is more than the amount being raised.
More traditional state bonds carry far smaller interest tabs. For example, a $650 million school construction bond issue earlier this year generated $514 million in interest costs.

Using some new words I learned from yesterday's NYTimes (article not on line), let's put an end to the mcvgreevathon that's causing the state's mcgreebiejeebies. Only 12 days left. Contact the politicians and insist that we are allowed to vote for a change:
New Jersey Democratic Party Contact page
Phone the Democratic Party: (609) 392-DEMS (3367)
Snail mail: McGreevey
The State House
P. O. Box 001
Trenton, NJ 08625
(609) 292-6000
email contact page

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