In Maryland, they are borrowing to cover current obligations. And in doing so, they are piling one problem on top of another, reducing the creditworthiness of their state, and creating a crisis that will be larger in the future.
I have no problems with New Jersey, but I do take umbrage at their Governor using us as an example of a badly run state. Now, if only I could take umbrage AND disagree.
Wow, his speech was awesome.
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