Another reason why New Jersey needs a strong dose of liberty.?? Only liberty will bring prosperity to our state.
Worst-Run States: 5. New Jersey
Debt per capita: $6,944 (5th highest)
Budget deficit: 38.2% (4th largest)
Unemployment: 9.3% (14th highest)
Median household income: $67,458 (3rd highest)
Percentage below poverty line: 10.4% (3rd lowest)
Between 2010 and 2011, New Jersey’s GDP contracted by 0.5%, more than all but three other states. And while its median household income and poverty rate were both third best in the nation, the tax burden on its residents was second highest in the U.S. in 2010. Residents paid 12.4% of their income in state and local taxes, higher than any other state except New York.
The state has many budget problems as well. New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of all states.
Thank you, Ira M., for bringing this post to our attention.