Free Republic

A new report shows New Jersey's record debt is now above the $38 billion mark, a figure Governor Corzine has vowed to slash in half with a yet-to-be disclosed "financial restructuring" plan that includes toll hikes. The new total debt number comes just as Corzine is ramping up his effort to convince residents that toll increases are the best way to fix the state's financial problems. He is expected to roll out details of the plan in early January. The governor and others have warned that New Jersey's mountain of debt will hamper its ability to build roads and schools,...