Friday, January 8, 2010

You Be The Gov: Balance The Budget Using "Deficit -O- Meter"

Do you think you have what it takes to be New Jersey Governor and balance the up coming budget? The budget has a looming $ 9.5 billion deficit that must be closed, can you do it? The Asbury Park Press has posted a "Deficit-o-Meter" to help you out.

As the APP points out, choose carefully because your choices could lead to dire consequences for yourself and taxpayers.

Some of the choices to choose from include raising taxes and fees like the income tax, gas tax and motor vehicle fees or cutting state aid to schools, hospitals and municipalities.

Do you accept federal stimulus to keep the budget in the black or defer pension obligations for another year and what happens if you are somehow able to cut salaries for union members? I gave it a work out and had to make a few hard, draconian choices to come up with a budget surplus of $12,650.

Give it a try and see what we're up against this coming year, it's not pretty!


4 comments:

Anonymous said...

Played with the calculator, holy moly it is really difficult to get down to a balanced budget

MiddletownMike said...

Yes it is...now just use the same principles for our local governments and see how much more difficult it will be.

Anonymous said...

This is total nonsense. It doesn't address waste, eliminating useless dept, layoffs
of a bloated workforce. This is not a true test of how to balance a budget.

MiddletownMike said...

It may or may not be total nonsense. I think that the basic purpose is sound, it show how difficult the choices will be for Christie and what the impact on the tax payers these choices will be.

Layoffs will come through the cutting of salaries and cutting state aid to schools which would lead to cutting out waste because then there will be less money o go around and the government would have to work more efficiently