Conservative Daily News - The best news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..

Chris Christie Loses $3.4Billion for New Jersey

A Bloomberg article portrays New Jersey Governor Chris Christie as a big meanie because he won’t take Billions in federal spending (a.k.a. PORK).

The first-term Republican this month halted the nation’s largest mass-transit project, a tunnel under the Hudson River, saying residents couldn’t afford overruns on its $8.7 billion cost, even with the federal government pitching in $3 billion..

Christie’s assertion is two-fold.  First he makes the case that even with U.S. taxpayer funding, New Jersey would have to shoulder the remaining $5.7 Billion.  Secondly is that when (not if) the government project goes over budget, New Jersey can’t afford to pay for that either.

Christie told reporters Oct. 18 he was content to walk away from the tunnel unless someone else agrees to pay for cost overruns. He said today he hasn’t reversed his decision.

“I don’t care how much people want a tunnel to New York, we don’t have the money for that,” Christie said at a town-hall meeting in Scotch Plains. “Here’s the promise I will make, I’m not going to stick you with that bill.”

Cost overruns on massive road projects are a regular occurrence.  The 15 year-long $14.6 Billion “Big Dig” is a great example.

After spending $14.6 billion (up from an initial forecast of about $4 billion in today’s dollars), leaders and taxpayers weren’t in the mood to shell out an several hundred thousand dollars for the show.

So Governor Christie wants to protect New Jersey tax payers from a project that will likely overrun it’s projected $8.7 Billion by several times when the State doesn’t even have the money to pay for the project if it meets its projections.

The Bloomberg piece goes on to explain the real problem the authors have with the Governor.

“How many times will the people of New Jersey lose out on federal money so that our governor can score political points?” Senate Majority Leader Barbara Buono, a Metuchen Democrat, said.

“Lose out on federal money..”.   Constantly spending money that came from a printing press is not sustainable.  Governor Christie realizes that the State can’t afford the project, can’t take a 4th annual State budget deficit, and that taking the money will just make New Jersey more dependent upon the scraps from D.C.  The more dependent the State’s funding is on the federal government, the more influence the federal government has in State politics.  It is a back-door play to minimizing State’s rights and Democrats like Barbara Buono are shooting for exactly that.  Governor Christie gets it.

Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and google+
Conservative Daily News allows a great deal of latitude in the topics contributors choose and their approaches to the content. This is due to our approach that citizens have a voice, not only the mass media. Readers will likely not agree with every contributor or every post, but find reasons to think about the topic and respond with comments. We value differing opinions as well as those that agree. Opinions of contributors are their own and do not necessarily reflect those of CDN, Anomalous Media or staff. Click here if you'd like to write for CDN.
Put This Story in your Circles and Share with your Friends

Tags: ,

Comments (0)

Trackback URL | Comments RSS Feed

Comments are closed.