Who would want to win?

From Fox Business:

N.J. voters worry about taxes as they elect a new governor

New Jersey’s voters will decide Tuesday who will take over running the state from outgoing Republican Gov. Chris Christie, who, after two terms in office, is leaving Trenton with one of the lowest job-approval ratings of any U.S. governor.

The winner of the election will inherit a state facing large and expensive problems, from underfunded public pensions to crumbling transportation infrastructure, at a time when the electorate is loath to accept more tax increases. The average residential property-tax bill in New Jersey has increased 32% during the past decade, reaching $8,200 in 2016, and public polls consistently have found that the state’s voters list taxes as their top concern.

New Jersey’s financial problems are significant: Its $88.8 billion public-pension liability is 41% unfunded, and that $36.5 billion deficit will weigh on future state budgets. State funding for K-12 public schools hasn’t kept pace with a funding formula outlined in state law, infuriating education activists and putting pressure on local property taxes.

And a host of transportation challenges — financial uncertainty about construction of a new train tunnel under the Hudson River, funding and management struggles at NJ Transit, and questions regarding the replacement of the ailing Port Authority Bus Terminal in Manhattan — will require significant investment by New Jersey’s next governor.

At the same time, New Jersey’s real gross domestic product, a measure of economic strength, saw a compound annual growth rate of only 0.2% between 2006 and 2016 compared with 1.1% nationwide, according to the U.S. Department of Commerce. And weighed down by pension woes, New Jersey general-obligation bonds have been downgraded 11 times across three credit-rating firms since Mr. Christie took office in 2010.

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180 Responses to Who would want to win?

  1. Mike says:

    Good Morning New Jersey

  2. JJ fanboy says:

    A doom and gloom article. Sweet.

    Many have already voted with their feet

  3. JJ fanboy says:

    I am going to have an egg fried in duck fat with some beef bacon for breakfast. A patriotic meal for Election Day

  4. grim says:

    beef bacon?

  5. JJ fanboy says:

    Saw it at central market and thought I would try it. I like beef and bacon so why not combine them

  6. 3b says:

    Our taxes were paid and a portion of those taxes were supposed to fund the pensions. Now the public sector and the politicians are coming back with their hands out and they want more? No. You guys figure it out. We already paid.

  7. JJ fanboy says:

    Beef bacon is better than vegan bacon but not as hood as pork. Maybe same level as turkey.

    Eggs fried in duck fat always are incredible

  8. D-FENS says:

    Taylor Ham, egg and Cheese is a proper NJ breakfast.

  9. D-FENS says:

    Murphy and his State Bank of NJ will loan all his troubles away for the duration of his term as Governor.

  10. leftwing says:

    “public polls consistently have found that the state’s voters list taxes as their top concern.”

    Obviously not concerned enough as they are prepared to hand a landslide victory to a candidate promising from the outset to increase taxes, lol.

  11. 3b says:

    Left yes ironic isn’t it.

  12. Steamturd supporting the Canklephate says:

    I thought the proper NJ breakfast was a free breakfast from the school breakfast program.

  13. 3b says:

    Grim looks very radical for Barney’s. More irony!

  14. 3b says:

    Anybody else skipping the election besides me? First the presidential and now this. Never thought I would not vote.

  15. Steamturd supporting the Canklephate says:

    I think it comes with a free Che t-shirt.

  16. grim says:

    I’ve gotta say, this is the most unelection election I’ve ever seen in NJ.

    You would have no idea.

    No huge media, no big signs, for election day there seem to be minimal placards around, etc.

    I would not be surprised if this yields record low turnouts.

  17. grim says:

    Sub 30%

  18. leftwing says:

    Re: voting with your feet and getting out of Dodge.

    The smart money has been running out of this State for years now.

    Nearly $2B of AGI leaving the State in each of three of the last four years for which data is available. All from the $100k and up income brackets. Any directional bets on what happens after this election cycle? More or less exiting?

    Figure 2, Page A-28
    http://www.njleg.state.nj.us/legislativepub/budget_2018/tax_revenue_analysis_2018.pdf

    Last person out of the State don’t forget to turn out the lights.

  19. grim says:

    NJ – Where you make your fortune, and then take your fortune from.

  20. grim says:

    Page A-34 – Wow

  21. 3b says:

    Grim I wonder where NJ ranks as far as number of people who leave after retirement? And with state pensions of course!

  22. Steamturd supporting the Canklephate says:

    I’m voting for Kim. Murphy scares the krap outta me. Way more than Trump and Hillary did. Talk about buying your way in? My younger son was on YouTube yesterday, before his Thomas the Train video, a Murphy commercial popped up. I don’t know that Kim would be that bad. I still think Christie took a much larger beating in the press than he deserved. He suffered greatly from poor optics which were mainly self-inflicted. The truth is, he simply didn’t care about them. If any of you met me, you too would know that optics don’t mean sh1t to me.

    So now we have the era of Drop Trou Murphy to look forward to. After outspending (mostly with his own money) any NJ gubernatorial candidate to date and even spending more than any prior Republican and Democrat candidates combined, NJ gets another DNC flunkie. There too, he raised (and contributed so much of his own money) massive dollars which allowed his quick escalation up the ranks. Highly ranked NJ Public Schools were not good enough for his four kids. Heck, he has a daughter who plays soccer so he is privately funding the NJ pro woman’s soccer club so that his daughter will think there is a future for women playing pro soccer. Quite honestly, I’m not sure that Drop Trou Murphy has ever actually persuaded anyone to agree with him. He simply buys every position.

    Then there are his four main policy planks.
    1) A State Bank – financial alchemy making it even easier to borrow from NJ’s future. Your grandchildren will love you for it. (PIE IN THE SKY)
    2) Legalized pot – Smoke ’em if you got ’em.
    3) Pension shortfall – He promises to make it whole but has not made a single suggestion as to how he’ll do it. But he’s adamant about keeping it fully funded. (PIE IN THE SKY)
    4) Abuse of Mt. Laurel Builder’s Remedy – Claims “smart investing” will solve the issue (PIE IN THE SKY)

    So when NJ elects Corzine 2.0, but with the turbo powered tax/borrow to spend option, remember that you voted for this. I’ll be complaining to you non-stop that I told ya so!

  23. JJ fanboy says:

    Grim,

    Is that hand painted or bird poo?

    You can get a much better looking and functional jacket at cabellas plus a rifle for that amount of $. But then you couldn’t brag about your hand painted jacket to your douchie hipster friends.

  24. leftwing says:

    NJ ranks as the second lowest rated State by the Credit agencies. Only IL is worse. NJ has not contributed to its statutory State Reserve Fund since 2008 and the balance is negligible.

    And that is before the, what is it now, $60B of unfunded state and local pensions?

    Oh yeah don’t forget that $1.5B or so of lottery income that used to come into the general fund, gonzo. Not that it is a big hole in a $35B budget or anything, lol.

    So, no budget surplus funds, an immediate loss of 3% of revenue, and a long term liability that is twice the size of total annual revenue? Fundamentally bankrupt by any financial measure.

    NJ gets the politicians it deserves – intellectually lazy, entitled, unaccountable, and all around clueless. Just like the electorate, running on fumes whiling kicking the can down the road. But they have (leased) 5-series Beemers!

    This state is truly a national disgrace. Can’t wait for the Murphy circus. Another few nails in the coffin.

  25. JJ fanboy says:

    In Texas you get campaign flyers in the mail that describe the candidate as “a mother, wife, and Christian her whole life” and then ramble about family values.

  26. Steamturd supporting the Canklephate says:

    In California, you get a really amazing voter guide. I know. We print them. If it were up to me, that’s ALL a candidate would get.

  27. leftwing says:

    I was going to sit out this election. Was thinking that maybe if voter turnout were dramatically low it may make a difference.

    As I thought about it this morning, I’m going 180 degrees. I’m voting for this mutherfcuker. I want him to have a MASSIVE mandate.

    The sooner this mess called NJ blows up, the sooner a reconstruction can begin.

    A bank (33x leverage) publicly funded under political control in NJ? What could go wrong there? Five years or less before it’s insolvent and being bailed out by your dollars, lol.

    I’m an old school (classic) l1beral. Best described today as fiscally conservative, socially liberal. A libertarian. I don’t think I’ve ever pulled a lever for a Democrat, much less a tax and spend contemporary liberal. My family was active in the Conservative Party of our home state from its earliest roots half a century ago. Childhood photos of me in a styrofoam Nixon-Agnew hat with the Buckleys are as plentiful as little League photos with players.

    And shortly, I will loudly and proudly go out and vote for Murphy. And encourage all my friends to do so. Biggest frat prank ever. Fly that plane into the ground, ba-beee! Thelma and Louise, stomp that gas!

    I am not joking.

  28. Steamturd supporting the Canklephate says:

    leftwing,

    I wonder how much of the data in that budget report is handpicked? I couldn’t help but notice that nearly every chart contains unique date ranges with no rhyme or reason. Even looking at the AGI outflow, why such a drop in TY2012? Interesting none-the-less.

  29. leftwing says:

    Interesting you mention, thought the same thing.

    Funny though, it was prepared by ‘NJ Legislature’. Aren’t both the Senate and Assembly Democrat? If there is a slant would think it would cut in their favor?

    Headscratcher.

  30. JCer says:

    Murphy is an undeniably creepy looking guy. Who bought the nomination, has no experience and made huge sums of money in an organization by funding companies utilizing child slave labor, polluting the environment and supporting questionable regimes all under his supervision despite claiming to be for the “working man” and somehow caring for people. At best he a hypocrite and worst he is a sociopath. He represents almost everything wrong in politics and is a clear indicator of the abject stupidity of NJ’s voters(electing a liar, who cannot possible follow through on promises he knows he cannot possibly keep, who will raise taxes leading further difficulties in the states economy, close loopholes is code for your employer is moving your job out of state).

  31. Steamturd supporting the Canklephate says:

    “If there is a slant would think it would cut in their favor” You might be looking at the best date ranges actually. As a matter of fact, you most likely are.

  32. chicagofinance says:

    Jingle Bells (clot Edition):
    SOUTH HACKENSACK – A 66-year-old man who played Santa for “Toys for Tots” drives was busted on drug charges following a traffic stop that revealed a crack pipe near his Santa suit. Santa was also in possession of hypodermic needles and other paraphernalia. Rudolph was mum on the case, but did note elves received higher-than-normal requests for baking soda, metal spoons, tealights and cigarette lighters.

  33. 3b says:

    Murphy has one creepy looking smile! The public sector people I know are all voting for Murphy!

  34. D-FENS says:

    Murphy reminds me of Mr. Burns from the Simpsons.

  35. leftwing says:

    GO MURPHY!!!!

  36. D-FENS says:

    Even if the state is run into the ground Leftwing…I don’t think it gets any sort of rapid “reset”. It would likely resemble the corruption of Puerto Rico…and last for generations.

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  39. Steamturd supporting the Canklephate says:

    Mr. Burns is brutally accurate.

    https://photos.app.goo.gl/Y7qTtwbe7GC6m3nk1

  40. Blue Ribbon Teacher says:

    lol, Bitcoin hits $7k. Is this going to be a modern day tulip?

  41. D-FENS says:

    Excellent

  42. Steamturd supporting the Canklephate says:

    It already is. The rally has got to blow soon. Heck, my 70ish retired union telephone line climber bought Bitcoin last week and sold it a day later for a huge gain. These things always end terribly.

  43. Comrade Nom Deplorable, surfacing for air says:

    I’m safely across the river. And if they ever do away with the interstate tax compact, I already work in PA 80% of the time so even if I make no change in locus, NJ gets next to nothing from me.

    And I’ve added PA bar so I could sever contact with NJ altogether.

  44. leftwing says:

    DFens, probably the most likely outcome. One never knows. I’m not one to bet on black swan events but this State can be very exposed financially. 2008 was a preview.

    The State as it exists today is predicated on a massive inadvertant demographic and real estate ponzi scheme. Huh?

    NYC hit absolute bottom about 40 years ago. The upswing since then has been unprecedented and encompassed and fundamentally changed all adjoining areas. It drove NJ expansion and prosperity.

    40 years is your lifetime, and is your parents’ career. Really neat bookends. Have some intellectual fun. How different would your life be right now if real estate values in NJ during this discrete period stayed flat? Or even went up only a couple percent a year? Rather than exploding?

    Take your parents house and give them back as equity only the full purchase price plus a couple percent a year. Difference in their bank accounts? Their lifestyle and savings rate? Your inheritance?

    Take your first house. Allow that on sale you only get back your paid in/paid down equity. What does your personal balance sheet look like? Where would you be living right now instead, and how with much equity? How much have you saved from earnings – hard, cold after tax earnings into the bank account – annually? Look back over the last 15 years, add it up. Feeling rich?

    NJ – its residents and politicians – have structured themselves around the demographic growth and real estate value explosion of the last generation. Unless one is willing to assume it continues for the next generation there is a serious mismatch in income and liabilities. The State – and many households – do not have underlying current income to support liabilities or lifestyle.

    Does not take much to topple over-leveraged entities.

  45. Comrade Nom Deplorable, surfacing for air says:

    D-Fens,

    Even in the Brig, the voters won’t necessarily look past the big two.

  46. 3b says:

    Stu if i thought Kim G had a chance i would vote but she does not. A state bank where people can borrow for low interest college loans and loans for small business! What could possibly go wrong!!

  47. Comrade Nom Deplorable, surfacing for air says:

    Got the appraisal on my house. It appraised exactly for what I paid for it four years ago.

    Deciding if I want to remain in it. Pros are that impending NJ implosion will send businesses and people into Chester County or Northern DE. Cons are that growth, which is already occurring, will lead to more congestion, and house makes a poor rental property as it has a pool, basketball court and a lot of landscaping.

  48. Steamturd supporting the Canklephate says:

    It’s reached the point where divisive politicking has completely trumped policy. A guy with absolutely zero political experience and who has expediently bought his way into one of the most powerful governorships in the country is going to win in a landslide. It’s so sad really. I suppose the silver lining to the story is that he really has not taken out any promising candidates along the way. Though he would have if there were any.

  49. Comrade Nom Deplorable, surfacing for air says:

    In the past, Trenton could count on its Congressional delegation to bring home largesse from the Beltway. I think those days are over but Trump is a wild-card. He is NYC-centric and would want to put the hardhats in play so perhaps NJ has a friend in the WH. That sets up a fight between the Red State delegation from flyover country and the Rockerfeller Republicans from NY and NJ, what few are left.

    I’ve said before that bailouts of public and/or union pensions and dem cities will be a tripwire event with political ramifications far in excess of financial ones. Have the popcorn ready.

  50. Steamturd supporting the Canklephate says:

    I’ve asked a realtor to explore the sale of my multi. Apparently, sh1tshacks like mine are going for way more than I thought was possible. I gave her a line in the sand. It’s up to her if she wants to pursue it. We’ll see if it’s worth her time. Certainly the commission would be. Perhaps, one step closer to Pura Vida!

  51. leftwing says:

    Nom, agree, odds on favorite for an event is around pensions. Could go either way.

    Bailout = massive angry hordes elsewhere around the country. Legislating the liability (NJ under Dems?) with Republican WH/Congress when the SHTF? “Washington to NJ: Drop Dead”

  52. 3b says:

    Stu if you are considering selling the multi you must be quite serious about eventually getting out!

  53. Steamturd supporting the Canklephate says:

    Not so much getting out yet, but my goal would be in six years. A lot depends on the development of our miracle child. I really see big, big issues with this state. NJ is in huge trouble when this market corrects. I think it’s going to happen sooner than later. I still have top convince my wife fully as well.

  54. Grab them by the puzzy says:

    @paulkrugman

    GOP tax bill is awesomely bad, raising taxes on half of middle class while mainly benefiting the idle rich. Why?

  55. Sima says:

    I think that Phil Murphy, if elected, will immediately pass legalization of recreational marijuana. Perhaps taxed at 45% if not more.

    He has already stated that he’s for legalization, while his opponent opposes it.
    This will be a total cash cow for the state and will help improve the fiscal mess we’re in.
    Just my opinion.

  56. JCer says:

    mary jane is the only good idea PM has……

  57. Fast Eddie says:

    Steamturd,

    What about a tax on lottery tickets? Also, legalize weed and put a hefty tax on it as well. In fact, anything to do with frivolous consumption should be taxed but I can’t figure out the particulars of it right now. I guess what I’m saying is to think about what stupid people refuse to live without and tax it.

  58. 3b says:

    Stu Understand you have a lot going on.i have always maintained the market as In housing never corrected fully due to fed intervention. And the stock market is out of control. May have to go close to all cash soon.

  59. Steamturd supporting the Canklephate says:

    Yup. And it’s only good for so much revenue. Pot habits do not generate much more revenue than cigarette habits. Can’t imagine it will help THAT much.

  60. JJ fanboy says:

    Sima

    How much weed have you been smoking to think taxing weed will help nj overcome massive pension deficit and ancient infrastructure?

  61. Fast Eddie says:

    GOP tax bill is awesomely bad, raising taxes on half of middle class while mainly benefiting the idle rich. Why?

    If it means steady dividends and YOY growth in corporate profits, then I say hooray! When the rich benefit, I benefit.

  62. 3b says:

    Legalizing and taxing pot. So proud of this state that’s all we got!!

  63. JJ fanboy says:

    I don’t think there are enough Stoners to overcome 100 year old infrastructure and a 36 billion dollar pension shortfall.

    But maybe it would help slow down the property tax increases

  64. Grab them by the puzzy says:

    tax bullets

    Fast Eddie says:
    November 7, 2017 at 12:25 pm
    Steamturd,

    What about a tax on lottery tickets?

    I guess what I’m saying is to think about what stupid people refuse to live without and tax it.

  65. Fast Eddie says:

    JJ,

    How much weed have you been smoking to think taxing weed will help nj overcome massive pension deficit and ancient infrastructure?

    We live in a Muppet society now. People are fat, dumb and stupid. So tax fat, dumb and stupid people. Why should the producers always take the brunt of the financial burden? Squeeze the muppets. They won’t realize it anyway because they’re m0rons.

  66. Grab them by the puzzy says:

    @KyleClark

    The Columbine school shooting shocked America.
    As of today, it is no longer one of the 10 deadliest shootings in modern US history.

  67. Steamturd supporting the Canklephate says:

    Colorado took in 200 million in tax revenue from MJ sales last year. Comparing populations and the fact it will take a while for everyone to register. Figure it will take a decade at best to get to a couple billion in revenue. And there are associated costs with legalizing pot. The pension and healthcare liability hole is 100 billion and growing.

  68. Sima says:

    Legalizing pot wouldn’t solve the NJ $ crisis, but it would help. Especially if NJ is the only state around with legalized recreational marijuana.
    http://money.cnn.com/2017/07/19/news/colorado-marijuana-tax-revenue/index.html

    California is projecting much higher annual tax revenues from legalized pot.

  69. Steamturd supporting the Canklephate says:

    Stop taxing…start shrinking government. There is your solution.

  70. Steamturd supporting the Canklephate says:

    Everyone in Cali smokes. Not the case here. Completely different culture.

  71. Fast Eddie says:

    Why not legalize prost1tution and heavily tax that as well? The weed and s.ex industry will produce jobs, too; those associated with the cost of maintaining overhead as well the front-line jobs themselves in their respective industries.

  72. grim says:

    Turn AC into Sin City.

  73. 3b says:

    And people can open sex and weed joints too! As long as they are in a commercial district!!

  74. grim says:

    Colorado took in 200 million in tax revenue from MJ sales last year. Comparing populations and the fact it will take a while for everyone to register.

    NJ’s alcohol excise taxes are only worth $110 million in their current form.

  75. Comrade Nom Deplorable, surfacing for air says:

    “hares of Blue Apron plummeted more than 16 percent on Tuesday after the meal-kit service’s CEO said the company’s new fulfillment center in Linden, New Jersey, was a drag on profits.

    “Today Linden is performing as our worst margin operating center because it’s very new,” CEO Matt Salzberg said during the RBC Capital Markets Technology, Internet, Media and Telecommunications Conference, according to Dow Jones.

    A Blue Apron spokeswoman confirmed the report was accurate.

    CFO Brad Dickerson said that Blue Apron experienced “unexpected costs” as it closed its previous facility in Jersey City, 15 miles down the road. Dickerson said that the company is still training hundreds of workers and the center could take months to be fully operational. . . .”

  76. Fast Eddie says:

    Turn AC into Sin City

    The tax revenue would be enormous. Let the riff-raff, dregs and lay-abouts go hog wild as we reap the financial dividends through investments.

  77. Comrade Nom Deplorable, surfacing for air says:

    shares, not hares. Though that would be funny

  78. Comrade Nom Deplorable, surfacing for air says:

    Puzzy says “‘tax bullets”

    Great, now the Cabela’s in Christiana will be filled with cars bearing yellow license plates. As if it isn’t already. Oh well, the northern DE economy will appreciate your contribution. As will the economies in Pennzy at every ammo seller in proximity of the Delaware.

  79. grim says:

    Booze is $5.50 a gallon plus sales tax. On a cheap 750ml bottle of vodka – say $15.99
    You are talking about $1.10 state excise tax, and $1.09 sales tax.

    The total tax on that is 13-14% on the low end, certainly not 45%. But, also consider the size of the alcohol market compared to the MJ market.

    Even at 45% tax, plus sales tax, I don’t believe it’ll be a $200m annual revenue for NJ.

  80. Comrade Nom Deplorable, surfacing for air says:

    “Turn AC into Sin City.”

    It’s already that, just not a producer of tax revenue. But legal sin industries would see new users so it should help. And the knock on effects will be fabulous.

  81. Fast Eddie says:

    Every vice should be legalized and pounded with taxes. The simpletons will still find a way and it alleviates the stress on the producers to handle the burden. Everyone needs to contribute their fair share.

  82. JJ fanboy says:

    Fast Eddie,

    We should have a tax on fast and junk food. Plus a tax on fatties. If your bum is wider than a Costco shopping cart bust out the checkbook

  83. Steamturd supporting the Canklephate says:

    The state could have made huge, huge revenues off of legalizing sports betting. Partisan politics as usual got in the way. As traditional gambling is shrinking, sports-betting is growing. The state had the opportunity to be the only other state besides NV to have it. http://www.nj.com/politics/index.ssf/2015/03/the_story_of_njs_missed_opportunity_on_sports_bett.html

  84. Steamturd supporting the Canklephate says:

    If taxes are too high on MJ, the black market will thrive and poof, there goes your revenue. Same with taxes on gambling. It’s bad enough the average house take is somewhere around 8%. Take more from the house and the return to the gambler gets so low that they don’t gamble in the cas1no any more.

  85. 3b says:

    Blue apron my arse!! Cook your own damn food people!!

  86. No One says:

    Christie really blew it for Kim G. He’s so unpopular that it was inevitable that a Dem would win the next Governorship. I guess PM had the money and creepy smile and dishwashing backstory to become the anointed one.
    I hope he’s so terrible that he drives my company out of the state.

  87. No One says:

    3b,
    You still have to cook it. It’s for people too lazy to look up recipes online and go shopping for ingredients. So they prefer to buy their ingredients marked up 200% and delivered in a box.
    Looks pretty close to the price of buying takeout, but with more work and room for error.
    It’s basically “paint by the numbers” for grownups, but with cooking.
    Analyze it via a Porter 5 forces framework and it looks hopeless.
    Look at the financials – three consecutive years of negative operating cash flow prior to IPO.
    When something like that is able to go public, I think it’s a bad sign for stock markets generally. Almost as dumb as pancakes in a spray can.

  88. Steamturd supporting the Canklephate says:

    Blue Apron is ideal for those people who don’t like to interact with other people. You know. Millennials.

  89. The Great Pumpkin says:

    Crying about debt, but no cries about trump’s tax plan increasing it by 1.5 trillion to give cry babies that don’t need it a tax break.

    Just like this. You were happy about not having higher taxes as politicians stole the pension, but now you cry about the debt?

    Get a life.

    leftwing says:
    November 7, 2017 at 10:02 am
    NJ ranks as the second lowest rated State by the Credit agencies. Only IL is worse. NJ has not contributed to its statutory State Reserve Fund since 2008 and the balance is negligible.

    And that is before the, what is it now, $60B of unfunded state and local pensions?

  90. The Great Pumpkin says:

    Can’t wait to vote for Murphy. I’ll vote for him on the simple basis of pushing out blow hard conservatives into some other state. Bye! Take your money and be gone!

  91. The Great Pumpkin says:

    Bingo!!

    Remember you are talking to die hard conservatives. They will vote for the candidate lying about not raising taxes on them, but in the same sentence, will outlaw weed. So no urgency to get creative with new sources of revenue, but will lower property taxes? Get a life!

    How much money did we lose over the past 8 years by not legalizing it? F u fatman!
    Sima says:
    November 7, 2017 at 12:22 pm
    I think that Phil Murphy, if elected, will immediately pass legalization of recreational marijuana. Perhaps taxed at 45% if not more.

    He has already stated that he’s for legalization, while his opponent opposes it.
    This will be a total cash cow for the state and will help improve the fiscal mess we’re in.
    Just my opinion.

  92. The Great Pumpkin says:

    No, you are the disgrace. Go live in another state, please!! Can’t stand the negative conservative babies who always claim the sky is falling to gain political power.

    Remember in 2012, your boys try shutting down the govt on the basis of debt. Five years later, and they want to add 1.5 trillion to it to give billionaires a tax break. You people are sick.

    “This state is truly a national disgrace. Can’t wait for the Murphy circus. Another few nails in the coffin.“

  93. The Great Pumpkin says:

    Crying about jersey, but here you are killing it.

    Steamturd supporting the Canklephate says:
    November 7, 2017 at 11:44 am
    I’ve asked a realtor to explore the sale of my multi. Apparently, sh1tshacks like mine are going for way more than I thought was possible. I gave her a line in the sand. It’s up to her if she wants to pursue it. We’ll see if it’s worth her time. Certainly the commission would be. Perhaps, one step closer to Pura Vida!

  94. The Great Pumpkin says:

    It’s not crashing anytime soon, but keep hoping. This is no different than people claiming it will crash back in 2012/13. Once again, I’m here to tell you that you are dead wrong.

    3b says:
    November 7, 2017 at 12:26 pm
    Stu Understand you have a lot going on.i have always maintained the market as In housing never corrected fully due to fed intervention. And the stock market is out of control. May have to go close to all cash soon.

  95. leftwing says:

    GO MURPHY!!!!

    $2B of net adusted gross income outmigration from NJ annually, 2012-15.

  96. The Great Pumpkin says:

    Where is the projection for money saved from not prosecuting this? How much money on jail alone? Costs twice as much to put someone in jail than it does to educate them.

    Steam turd supporting the Canklephate says:
    November 7, 2017 at 12:32 pm
    Colorado took in 200 million in tax revenue from MJ sales last year. Comparing populations and the fact it will take a while for everyone to register. Figure it will take a decade at best to get to a couple billion in revenue. And there are associated costs with legalizing pot. The pension and healthcare liability hole is 100 billion and growing.

  97. The Great Pumpkin says:

    Guys, run! The sky is falling!!

    leftwing says:
    November 7, 2017 at 2:25 pm
    GO MURPHY!!!!

    $2B of net adusted gross income outmigration from NJ annually, 2012-15.

  98. exJersey says:

    New Jersey sets themselves up for the affordability piece. They make it hard for folks to stay upon retirement.

  99. exJersey says:

    Grim – for his pink perspective:
    https://artsy.net/artsyeditorial6273

  100. grim says:

    I actually love the color, I have at least 7 or 8 button down pink shirts. My 5 year old especially gets a kick out of it. I can’t go to any formal event anymore with her and not wear a pink shirt under my suit.

    I am also very well aware of the use of the color pink associated with a triangle as part of Nazi death camps and their especially brutal persecution of homosexuals. It was one of the many things that remained burned into my memory from having been to Auswitz and Birkenau both twice.

  101. dentss dunnigan says:

    to legalize weed is not the quick fix everyone believes In Colorado, weed-related traffic deaths jumped by 48 percent after full legalization there in 2014. The problem: There is no reliable, efficient field test for stoned driving..It (marijuana) does not reach peak inebriation while it’s in your blood stream,” Lewis said. “It does that when it’s in the fatty tissues in your brain. There’s not going to be a good way to test that.”
    Yes there are blood tests, urine tests and oral swabs that can determine if someone has pot in their system. But it’s much harder, and more costly, to determine if it got there two weeks ago or two hours ago…so when you get that DUI because you smoked 2 weeks ago ,the towns will be grateful for your contribution .On a side note it will keep the lawyers quite busy …

  102. grim says:

    So you can laugh all you want about my idea, but I think it’s actually somewhat brilliant.

    I understand the challenges with attempting to legislate new restrictions on specific accessories or functionality of firearms, whether it’s appropriate, or wholly inappropriate.

    My idea is to sidestep this entirely, because you can’t argue that regulating the color of an item infringes on your right to purchase, possess, and use firearms. It doesn’t, in fact it has absolutely zero bearing on the functionality or legal aspects of this.

    Which is what makes it so brilliant, you can’t possibly fight it without using all manner of nonsensical arguments about things that have no bearing into the use, function, or enjoyment of your rights. In fact, to argue against this on constitutional merits is even more absurd then the premise in the first place.

    Try it, try to craft an argument that requiring a standardized bright coloring for firearms safety reasons infringes on your constitutional right to bear arms?

    And please spare me the argument that it wouldn’t almost immediately eliminate all of the idiotic gun porn there is. Nobody is showing off their sexy pink AR. Except maybe the LGBTQ gun owners group, and damn right they should be proud.

  103. exJersey says:

    3:26….yes….but….weeeed

  104. Comrade Nom Deplorable, surfacing for air says:

    “I actually love the color, I have at least 7 or 8 button down pink shirts. My 5 year old especially gets a kick out of it. I can’t go to any formal event anymore with her and not wear a pink shirt under my suit.”

    My 8YO is the “Princess of Pink” and redid her room in pink, including an accent wall in such shockingly vivid pink that it hurts my eyes. She is starting to outgrow it a bit now.

  105. Comrade Nom Deplorable, surfacing for air says:

    “On a side note it will keep the lawyers quite busy …”

    I am all in favor of it, whatever it is.

  106. 3b says:

    Ex true and so many of the nj public sector crowd high tail it out of Nj when they retire! They want their pensions but want others to pay for it. At least if they stayed the money would be funneled back into NJ s economy.

  107. 3b says:

    No one understand. But it is still stupid! It does not take that long to prepare a quick healthy meal on a daily basis. Just a little planning.

  108. 3b says:

    Ah jeez it was so nice in here today for quite awhile. Oh well!

  109. The Great Pumpkin says:

    Jealousy spilling over. Crying about some guy that tops out at most 100k(excluding police) and gets a pension. You must have been so pathetic at whatever you did in the private sector to sit here and get jealous about a pension and 100k job. News flash—it’s 2017 and in the nyc metro market, 100k/pension is something to pity, not get jealous of. 100k is nothing! Truth hurts, I know.

    What do you work 40 years at a 100k and only total 4 million? Whoa! Filthy Rich!!

    3b says:
    November 7, 2017 at 3:50 pm
    Ex true and so many of the nj public sector crowd high tail it out of Nj when they retire! They want their pensions but want others to pay for it. At least if they stayed the money would be funneled back into NJ s economy.

  110. The Great Pumpkin says:

    Fear mongering propaganda. So many things go into an accident. To sit here and blame a single factor for the increase is pure bs.

    “to legalize weed is not the quick fix everyone believes In Colorado, weed-related traffic deaths jumped by 48 percent after full legalization there in 2014. “

  111. leftwing says:

    GO MURPHY!!!!

    Just spoke to one of my better friends. Told him I will be voting for Murphy later. Fell out of his chair. Explained it was my pucker up good bye kiss to the State since I likely won’t be around for another gubernatorial election. LOL, by end of call have him convinced to pull that trigger.

    He’s on his last child, HS senior. Two before, one already out of college. He’s probably two years and gone.

  112. JCer says:

    Pumpkin here is the problem, the state is broke. Pensions need to go away, state have proven they lack the discipline to adequately fund, manage and run pension funds. They need to stem the bleeding now and that means limiting the damage from the outstanding pensions, that doesn’t mean not pay but rather means not fully paying pensions, it’s better than bankruptcy. The democrat plan of sending 30k per student into the ghetto isn’t working it should be stopped, a city like Newark or JC has so much in the way of commercial revenue they should be able to fund their schools with far less in aid. Free up the school aid, cut some expenditures to help put NJ back on a stable footing. Any attempt to further raise taxes will be met with outward migration, regional competitiveness is what matters.

  113. 3b says:

    Pete is watching.

  114. Blue Ribbon Teacher says:

    Voted for Murphy. I believe he’s dumb enough to repeal Chap 78 which means, 8k back to me if he does. I was always against it but repealing it will be a disaster. When Chap 78 was passed, it free up a lot of cash, zero of which went back to taxpayers and allowed districts to hire more administrators. So, if they repeal it now, there’s two options. Eliminate all those admins by RIFing (who are likely their friends), or RIF the teachers. If he repeals it, you’ll end up with 30-35 kids per class and a top heavy admin. Of course, the other option is raise taxes more.

  115. joyce says:

    There are ways to test for impairment (reaction times, coordination, and other indicators) that don’t care if there’s alcohol or drugs in your system… so it will detect impairment from intoxicants, being overly tired, etc. But there’s no political will to kick old people and just bad drivers in general off the road.

    dentss dunnigan says:
    November 7, 2017 at 3:26 pm

  116. JJ fanboy says:

    Blue

    It’s New Jersey , you could get both scenarios higher taxes, lots of admins, and 35 kids
    to a class

  117. Blue Ribbon Teacher says:

    Actually, NJ is one of the better states on capping class sizes. Although, they keep moving up slowly but steadily. That can reverse with millenials going one and done. Students I had from California had 40 per class.

  118. leftwing says:

    Boom!

    Just got back from pulling the lever on Murphy. Give that boy a tax and tax mandate. Double digit win, mutherfukcers.

    For good luck I pulled D the whole line down local. Not that it matters in this town, but registered it as a protest vote for the underhanded way COAH implementation was handled.

  119. leftwing says:

    Weirdly liberating stepping on the other side. Like walking over one of those glass floors 90 stories up.

    Maybe go chase some liberal skirt tonight, heard despite outward appearances they’re monkeys in bed.

  120. leftwing says:

    Might as well get some benefit to going left.

  121. chicagofinance says:

    2nd grade 1975
    PS 22 Queens
    Mrs. Nuetzman’s class
    38 students

    My friend Paul was Chicago undergrad/Harvard Law……….
    a whole host of others ended up at Yale, Princeton, Brown etc.

    Just a regular neighborhood school, but tons of fresh off the boat Asians, South Asians, and Sikh Pakistanis……I guess we were a pretty damned determined…..

  122. chicagofinance says:

    I guess we were a pretty damned determined lot

  123. leftwing says:

    Chi, OMG, don’t know whether to laugh or cry at that video. Holy cow.

    Were you able to make out the team name.

  124. Juice Box says:

    Staying in Foggy Bottom in a condo for a few days, food in DC sucks!

  125. exJersey says:

    NJ pays public employees pretty well, pensions don’t get sweet til after 30 years.

  126. 3b says:

    We had 35 40 kids some years in our grammar school one nun or lay teacher no aides. Today if it’s 25 kids in a class parents are in an uproar

  127. 3b says:

    Blue more and more I am seeing one and done. And some weeks back we saw something on here saying NJ s birth rate is declining.

  128. A Home Buyer says:

    Grim,

    I prefer the look of bare stainless, rather than blued steel, but if mandated by law I would accept a bright protective enamel / coating (again, if I have no choice).

    Issues / Problems others would have:

    – What other “safety” requirements would then be permissable to force on Gun Owners for the sake of “Safety”?

    – What happens to the currently existing 300 million+ firearms in circulation?

    – How do you stop someone from stripping the coating / enamuel off after its been legally purchased? Black electrical tape defeats the law and makes the shooter even “scarier”.

    – It would become harder to conceal carry with the bright color. In states where accidentally showing a concealed firearm is illegal (as its considered brandishing a weapon), this is an issue.

    – It would add significant cost to firearms if they are all required to be powder coated / enamuled. It would also be a Pain in the — to repair. Defense might be that its prohibitively expensive.

    – When toys look like firearms bad things happen to kids. If firearms actually look like toys… This may get worse.

    – In a self defense situation with low light (ie. in your house at night) it would give your position away.

    – It may make hunting more difficult if the animal being hunted can discern the colors used.

    – It would end professional engravers and stampers that work on and decorate ornate firearms. Artists / painters may find some work though.

    – Impact on off duty police officers? Retired Police officers? Undercover officers?

    How does any of this solve the underlying issues that causes a person to become a mass shooter, or drive a truck into a crowd, or detonate a bomb in a crowd, or knife random people on the subway?

  129. The Great Pumpkin says:

    “Similar levels of property crime [are] fifty-four times as deadly in New York City as in London.”

    America’s violent crime rate is similar to that of other rich nations. Its murder rate is dramatically higher, and almost all of that can be attributed to guns.

    https://www.vox.com/2015/8/27/9217163/america-guns-europe

  130. The Great Pumpkin says:

    Good job, lefty. You are truly becoming a jersey boy….feels great, right?

  131. 3b says:

    Juice : regional differences!!

  132. grim says:

    Goldman Sachs wins

  133. 3b says:

    Corrine 2.0! Yep great state sophisticated educated knowledge able residents the best of the best in these United States just voted for this clown!!

  134. D-FENS says:

    Democrats asking the courts to keep polls open until 9PM in some locations.

  135. Juice Box says:

    We have the best motors foks!

    The federal jury weighing U.S. Sen. Bob Menendez’s fate deliberated quietly for six hours Tuesday, emerging only to ask a question – one that struck observers as odd.
    The panel of seven women and five men asked U.S. District Judge William H. Walls for a definition of the term “senator.” Walls opted not to give them an answer …

  136. Juice Box says:

    Motors = jurors damm auto-correct

  137. The Great Pumpkin says:

    Bye bye Christie. Now let a real leader step to the plate. Time for jersey to get back on track!

  138. D-FENS says:

    CNN calling the election for Murphy at 8:02PM

  139. The Great Pumpkin says:

    Murphy is a centrist running on democrat platform. Guy knows how to manage and lead, he also understands how to make/manage money. We are in very good hands.

  140. Juice Box says:

    Voter turnout should be shitty it was raining hard in south jersey as I was headed to DC this afternoon, did it rain up north at all?

  141. 3b says:

    Started raining around 3 or so in Bergen. NJ crying tears of despair due to the election of Murphy and the others who will finish the job of destroying this state.

  142. Juice Box says:

    Pumps the epic amount of spending coming will be one for the books! The “Peoples bank of New Jersey” where the 2% levered up loan for your municipal and county deposits will be the new norm. Credit ratings will be a thing of the past….need a few hundred million for a community center? NO PROBLEM
    ..

  143. The Great Pumpkin says:

    Juice,

    Let’s get that money velocity going! Jersey economy going to rip again! The doom and gloom propaganda machine of Christie is dead! Ding dong the witch is dead!

  144. Juice Box says:

    First big spend should be the Jersey First initative for new Hudson river tunnels and fast high speed all electric rail to NYC.

  145. D-FENS says:

    Thinking I might just give in and join ANTIFA

  146. 3b says:

    Juice tunnel won’t happen south Jersey residents won’t pay for it. And I would not trust NJ transit to do anything right. Hoboken terminal makes me proud when I walk through it every day I have to go into the office.

  147. grim says:

    Can’t wait to make pot infused vodka.

  148. 3b says:

    Dfens don’t forget the coat from Barneys

  149. 3b says:

    16 million dollars is the cost to be the governor of NJ. Murphy wants to make NJ the California of the east coast.

  150. leftwing says:

    “Maybe go chase some liberal skirt tonight, heard despite outward appearances they’re monkeys in bed.”

    “Good job, lefty. You are truly becoming a jersey boy….feels great, right?”

    Think you mis-read my earlier post, Pumps.

    I said I was going out to try to fcuk a liberal.

    In NJ, liberals fcuk you.

  151. leftwing says:

    I am truly outwardly laughing. You guys are SOOO screwed.

    I mean no animosity because I really don’t care other than from a purely academic viewpoint. My timeline has always keyed off my youngest, currently a junior in HS. I’ve sold my properties over the last three years, except one. I have always intended a near term exit, and it was in any case to occur before the end of this next gubernatorial term.

    But you guys are so fcuked, lol.

  152. leftwing says:

    Murphy spending a lot of time in Newark with Ras Baraka. Went there to meet with him after voting in Middletown. Putting together the gubernatorial dream team, no doubt. LOLOLOL. Enjoy guys.

    Deepest sympathies, sincerely.

  153. 3b says:

    He has had conversations with Jerry Brown too. The public sector only voted for him because of the pension issue.

  154. The Great Pumpkin says:

    What a hard worker. Already going to work for this state by doing what it takes to get things done in politics. Telling you, Murphy going to be a legend. Prob going to be president if this goes well for him in jersey. Tough mess to clean up. Christie was taking sh!ts all over the place.

    “Murphy spending a lot of time in Newark with Ras Baraka. Went there to meet with him after voting in Middletown. Putting together the gubernatorial dream team, no doubt. LOLOLOL. Enjoy guys.”

  155. Fabius Maximus says:

    Bye Bye CC, so how do you that voted for him rate him after his two terms. Was he all you wanted and expected?

    For me, all talk, no game. Net result nothing.

  156. 3b says:

    Fab he did some good in his first term than all down hill from there.

  157. leftwing says:

    Pull up the NYT article on Murphys win. Details a classic Christie encounter at his polling place.

  158. leftwing says:

    Goddamn devils

  159. 3b says:

    Fab I would not pay 200 bucks for it. But I certainly would try it!

  160. leftwing says:

    Yeah, now the EN seals it. Damn.

  161. Juice Box says:

    Folks the can is going to get kocked up a level of government.

    IF Murphy can pull it off we are good for a at least a decade.

  162. The Great Pumpkin says:

    Christie taking down other republicans because his lame term as governor

  163. The Great Pumpkin says:

    Longer than that. Prob 20-30 years. I’m expecting this to be the investment that makes this state an economic leader again. Truth be told, this is the best time to invest. Rates are low, you get so much more from your money in the form of physical investment. Christie should have been doing this years ago, but dumbass cut everything kept holding back our economy by suffocating it of investment, all based on some stupid ideology(had to appeal to national republican base). Ask Kansas how all those cuts are working out.

    Juice Box says:
    November 7, 2017 at 9:37 pm
    Folks the can is going to get kocked up a level of government.

    IF Murphy can pull it off we are good for a at least a decade.

  164. D-FENS says:

    Corzine seen together with Murphy celebrating. No. I’m not joking.

    @politicalstile
    Corzine at @PhilMurphyNJ election celebration #NJGovRace

  165. exJersey says:

    8:54 you gotta let me design the label

  166. The Great Pumpkin says:

    Corzine the new Clinton. You conservatives are funny. Change up the playbook once in a while.

  167. The Great Pumpkin says:

    People say their vote doesn’t matter and it’s a waste of time. This election proves them wrong. Christie tainted his voter base so bad that they didn’t his replacement a chance

  168. The Great Pumpkin says:

    “The only thing [Republicans] really care about is cutting taxes for the ultra-wealthy and for corporations, and everything else is just a sideline.” –Reagan economist Bruce Bartlett

    https://www.facebook.com/NowThisPolitics/videos/1769347989763350/

  169. The Great Pumpkin says:

    Like he points out, they just keep putting out the same plan over and over again…cut for the wealthy.

  170. grim says:

    For me, all talk, no game. Net result nothing.

    In the end, Obama = Christie…

    Big talk, big promises, no delivery.

  171. grim says:

    Christie tainted his voter base so bad that they didn’t his replacement a chance

    Republican tax plan that f*cks New Jersey was not quite so well timed either.

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