Christie’s moment of fiscal opportunity
The end of this NYTimes piece on N.J. Gov. Chris Christie sums up why Uncle Sam should not bail out the states:
It remains to be seen how well Mr. Christie will wear on New Jersey voters. Over the next year, people will begin to see the effects of his policies in their schools and towns, in his cut in funds for family planning or, for government workers, in their paychecks. The need to focus on fiscal issues has obscured some other areas where his positions are less popular, like his opposition to abortion.
It is also unclear how he would govern in boom times, when austerity is a harder sell. The governor said he would have preferred not to make some of his budget cuts, but suggested that in any climate he would have pushed for less government.
Me: The economic crisis has created a moment of opportunity to make the sorts of budgetary changes need to put states on a sustainable path. This moment is being missed on the federal level. It is also illustrative that CC is focusing on cutting spending rather raising taxes, the exact opposite of the medicine that liberal/centrist DC policy wonks advocate.