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NJ has no legal obligation to pay most of its huge debt

So why are we told that New Jersey is more than $165 billion in debt?

Roughly $27 billion more was borrowed by “independent” authorities. Our
Supreme Court ruled that voter approval was not needed because New Jersey taxpayers cannot be forced to pay this debt. These bonds actually have clear language stating they are not backed by the full faith and credit of the state.

(Click above on the title to read the rest of this essay.)

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Repudiating state debt should be a key tea party issue

Repudiating state debt should be a key tea party issue By SETH GROSSMAN, Political Columnist (Reprinted from September 29, 2010 Current-Gazette Newspapers of Atlantic & Cape May Counties, http://shorenewstoday.com/index.php/…rty-issue.html) ?Bankruptcy has become an acceptable and, in many ways, successful way

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NJ’s Constitution Was Designed to Prevent Politicians from Looting State Government

NJ’s Constitution Was Designed to Prevent Politicians from Looting State Government By Seth Grossman, Political Columnist Reprinted from Current Newspapers of Atlantic County, Aug 6, 2008 ? ” The Legislature shall not in any manner, create. . . debts. .

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