New Jersey News All America Should Know
With mass layoffs expected in Atlantic City come September 2014 as three of AC’s 11 Casinos are set to close down New Jersey will become the center of the national debate on economic solvency.
It should also be a debate on the crony capitalism that exists in New Jersey and throughout the country.
Will New Jersey become the first state to face financial collapse?
The debate will rage on this fall as government pensions are in Gov. Christie’s crosshairs with a clawback of benefits his apparent goal.
New Jersey News that America Should Know: How did this once thriving state come to the mess it is now in? Just 30 years ago New Jersey was an economic and business center in America. Now it is a near welfare state with a business environment more akin to fascism than free-market capitalism. Ranked by some as the most liberal states and also ranked the 48th least “free” state according to the Mercatus Center at George Mason University.
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