NJ Fiscal Folly

Monday, March 13, 2006

Prof Sabrin's Recommendations

Murray Sabrin, a business professor at Ramapo College, publishes his recommendations for NJ's finances.

I don't think all of them are practical, but many of the ideas are good.

I am somewhat ambivalent about amending the NJ Constitution. On the one hand, it seems to be the only way to rein in Abbott district spending. On the other hand, I am not confident that the amendment process, once started, has enough built-in safeguards to protect NJ residents from irresponsible politicians and interest groups. I see a great potential to make our financial situation much worse, and little reason to trust any of the likely participants.

2 Comments:

At 11:21 PM, Blogger Ken Adams said...

The only thing that can truly protect us from the politicians and interest groups is the ballot box. Problem is, the sheeple in this state are too cowed to use it properly.

 
At 6:03 PM, Blogger PN said...

NJ's ballot box is already overrun by the interest groups: public sector unions, civil servants, and organized grievance groups.

Everybody else just tunes out.

A constitutional amendment process would open the door to inventing whole new categories of (unfunded) "rights". The potential for catastrophe is very high.

 

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