Where is the money coming from Corzine?

From the Asbury Park Press:

No stemming state’s debt

Gov. Corzine called it a “tremendous” day for New Jersey when he signed legislation Wednesday to borrow $270 million for stem cell research. He got the “tremendous” part right: It will contribute tremendously to the state’s debt problems.

Corzine and the Legislature really overstepped the bounds on this one, forcing future generations to pay for research that should be privately funded. And with the trouble pouring out of the University of Medicine and Dentistry of New Jersey — the corruption, mismanagement and more than 100 million wasted tax dollars — this is a particularly inopportune time for the state to further involve itself in medical research.

Can Corzine guarantee these new research facilities won’t become patronage pits? There’s scant evidence to suggest he can. The scientists who will be doing the real work at these centers should be on full alert for the arrival of “consultants” and other nondescript “professionals” for whom jobs are found, usually because they are friends, relatives or big campaign donors of politicians.

Stem cell research may provide the answers to many medical questions and the cure to serious illnesseses. But like other research, it should be conducted and funded by private firms — not by the residents of the most heavily taxed state in the country.

The scientific community is embracing the stem cell legislation. Why wouldn’t it? Now the work that should have been funded by pharmaceutical companies and research labs will be funded by taxpayer money. But the research firms should be wary of their new bedfellows: New Jersey politicians have an uncanny way of diverting money from its higher purposes. Just ask the doctors and researchers at UMDNJ.

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4 Responses to Where is the money coming from Corzine?

  1. pesche22 says:

    What would you expect? Your in NJ

  2. commanderbobnj says:

    It’s hard to believe that this governer corzine could make such a stupid move such as Signing this stem cell boondoggle funding legislation……….The Asbury Park Press has it exactly right:…”FORCING future generations to pay for research that should be privately funded…”

    $270 MILLION DOLLARS !!!—-Do you think that the cost will stop there ??—-Wait until the “researchers” ‘Burn-Through’ most of those taxpayer Bucks-(-Not to mention the tremendous costs of Bonding the money for this,,,)—-I could picture the wording in a couple of years from now as the so-called “consultants” say:…”We are so-SO close to ‘finding’ the cure—WE just need another $200 or more million to restore the health of thousands of handicap citizens….It’s a GREAT Cause— PLEASE ??!..”

    Now, what politician would risk his assembly or senate seat turning that request down ???

    This state has NO LEADERSHIP for the average citizen-The Police,Teacher and civil service unions have the deep pockets to have these who-es do whatever is best for THEM —and the republicans have had their ba-ls cut off long ago-I don’t know why they even show-up at their ‘job’ in Trenton—Maybe they should have their paycheck mailed to them at their home—Then at least that could save ‘us’-the citizens the cost of transporting them there……..

    What a sham—-and a SHAME

    Bob Reiss

  3. Jim says:

    He still can sell some highways and by the time the money runs out he will be out of office.

    Good luck to the working stiffs, we need it!

    Jim

  4. kay says:

    Is there nothing that can be done to stop this madman…selling highways …now borrowing money we don’t have ,so who will pay ..we will,something must be done to stop this insane power hungry idiot or we will all be in the poorhouse

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