In an attempt to shield those living in the Garden state from the problems their government created, the governor, Chris Christie, has now signed an executive order issuing a “state of emergency.” As speculation grows that New Jersey will soon follow in Illinois’ footsteps, the government is proving forecasters correct by their inability to pass a constitutionally mandated budget.
Not only did New Jersy’s inability to pass a budget shut down the government (but not really. Don’t worry, you’ll still be taxed and welfare checks will still go out) but it scared Christie enough to sign a state of emergency executive order.
I have issued an Executive Order declaring a state of emergency to maintain the protection, safety & well-being of the people of NJ.
— Governor Christie (@GovChristie) July 1, 2017
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New Jersey’s economic stability is in a dire state, and they appear to be continuing to make the same mistakes as Illinois. But according to nj.com, the conflict in the legislature and subsequent budget standstill is about the finances of not-for-profit Horizon Blue Cross/Blue Shield, the state’s largest health insurer. The state Senate passed a bill that allows the state government to control how much Horizon keeps in its surplus fund before it must contribute to a public health fund.
The government doesn’t seem to want to tackle to problems they created, they only seek to tighten the economic hold they have on companies and individuals through taxation and regulations. And the government never tries taxing less and spending less, they only want more power, which is funded by more theft, and control through entitlement programs.
Moody’s is even warning that it’s the high taxation and political promises that are sinking states.
“Tax rate increases, such as the ‘millionaires’ tax’ implemented in prior administrations, could bridge some of the gap, but may be politically challenging in this already high-tax state. Closing the entire $3.6 billion gap with revenue-side solutions alone appears unlikely,” analysts said. Gubernatorial candidates seeking to replace Gov. Chris Christie have proposed bringing back variations of the millionaire’s tax. But the size of the future deficit is so large, Moody’s said, “it unlikely that a sufficient tax increase would be politically feasible.” Finding enough cuts, too, would be “highly challenging,” the agency said, adding even slashing employee health benefits would fall short in the long term. –NJ.com
The dollar is collapsing all over in states which exhibit massive amounts of control over their populations. Preparing for the looming economic crisis that will impact all of us is important, and experts are suggesting an investment in metals. Barter systems may take over in the event that entire state economies collapse making precious metals a viable currency when the dollar becomes useful only as toilet paper.
Infighting between republicans and democrats is getting the constant blame for the economic troubles facing New Jersey, but the real problem is much more simple. The entire government and the system they operate under is the problem. The infighting is merely a symptom which masks the bigger issue of too much government. And preppers in volatile states like New Jersey aren’t taking any chances right now.
Article posted with permission from SHTFPlan
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