Just like last week, I remember a 60 minutes that used to challenge the liars that they featured on their show. 60 Minutes used to be relentless in pursuit of the truth. Or at least that was their reputation. Instead of giving Christie a free platform to spew his anti-spending message, they might have asked him about tax policy.
http://journals.democraticunderground.com/hfojvt/128Back in June, Christie also turned down $600 million in revenue by vetoing a tax on people with over $1 million in income. That's not enough to fill their budget hole but there are two other factors. First, every little bit helps, and second when Christie cut 1,000 jobs instead of raising taxes, he loses 1,000 tax payers and the multiplier of revenue from the money they would have spent. An employed worker buys things, putting even more money into the economy and keeping more people employed. An unemployed worker has the opposite effect - it weakens the economy.
Then there is the tax base. Considering their next story on memory. So many people seem to have forgotten the late 1990s. Back then all of these states supposedly had extra money. Yet instead of using that money to support their state workers pensions, the largely Republican legislators and governors instead opted to cut taxes, mostly for rich people and big corporations.
But that has apparently gone down the memory hole, even the warnings that Democrats made that we should save that money for a rainy day. Yet having thrown away the umbrella, Republicans like Christie don't even think about getting another one now that it is pouring rain.
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