Corzine's neighbor, New York's Democrat Governor David Paterson, had his hand out as well to help cover a $13 billion budget shortfall that he blames on Wall Street going south. Paterson warned of painful cuts to health care and anti-poverty programs. And in a real tear-jerker moment, he said: "The cruel irony is that at the time when citizens need their state governments the most, state governments are least equipped to help them because of plummeting revenues." Well, boo-hoo, buddy!
These two "wizards of smart" have a lot in common, folks. Like most blue states, they have confiscatory tax rates and obscene property taxes. Their governments are awash in hundreds of massive programs that don't work but eternally suck up money. Their education systems are empires of failure. Despite 50 years of "renewal programs," large swaths of urban areas remain blighted. These states do all they can to punish businesses, and then complain when businesses suffer downturns or split and leave.
Now they want hundreds of billions to pour into the same sinkholes they've created. And if Democrats run Washington -- lock, stock, and barrel -- chances are, they'll get it. We're all going to pay for it.
Read the Background Material on the Morning Update...
• AP: Governors, Mayors ask Washington for Fiscal Help