Tuesday, March 16, 2010

Mike Doherty to laid-off public employess; "What, me worry?"

Unhappy with the way suburban school districts would be impacted by Chris Christie's proposed budget, GOP state Sen. Michael Doherty nevertheless called Christie's address today a success.

"It's a proud day to be a Republican after 20 years of mismanagement of the finances of New Jersey," said Doherty, who is regarded as one of the most conservative members of the legislature. He doesn't worry about the government job loss consequences from a combination of state-imposed caps and freezes in municipal and school aid.

"Government is one of the most inefficient ways to use resources, so the fewer resources in government hands, the more productive those resources will be," he said.

Yeah, right. Like investing in subprime mortgage loans, credit default swaps and junk bonds.

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