New Jersey’s new Democratic governor, Phil Murphy, desires to maneuver his state again to the longer term — or, extra precisely, to the previous.
The dismal previous, that’s, of such predecessors as Jim Florio, Jim McGreevey and Jon Corzine — who unleashed the fiscal woes which have left the Backyard State’s economic system in tatters and its taxes sky-high.
That’s the takeaway from Murphy’s inaugural handle final week, along with his vow to supply “the state that leads the nation in progressive insurance policies” and a laundry listing of hard-left priorities that absolutely thrilled the hearts of each Democratic activist and public-union chief in the home.
He promised pot legalization, a $15 minimal wage, “equal pay for equal work” legal guidelines, automated and same-day voter registration, a brand new state Workplace of Immigrant Defensive Safety, motion to make the wealthy “pay their fair proportion in taxes” and, after all, decision to “stand our floor” resisting President Trump.
(It’ll be fascinating to see how he squares that with asking Washington for assist funding new Hudson River rail tunnels.)
Among the many issues Murphy by no means did point out have been solutions for the state’s ongoing crises — like pension reform, reducing property taxes, reducing state spending or making Jersey extra business-friendly.
As we famous final week, his first actual choice is whether or not to commit all new tax to the state’s ailing pension funds — or to allow them to head to break down.
However Murphy — like so many New Jersey Democratic governors earlier than him — is promising Backyard Staters they’ll have their cake and eat it, too. And that they not want endure the supposed austerities of the Chris Christie years.
We’ll see if the previous Goldman Sachs financier retains singing from the identical liberal hymn e book as soon as the payments come due.
But when latest historical past is any indication, New Jerseyans might quickly study the age-old reality of what’s lengthy been generally known as Murphy’s Regulation: Something that probably can go unsuitable, will go unsuitable.