Repudiating “Odious” & Unconstitutional Debt — Not Endless Toll And Gas Tax Hikes Is Only Solution.
During the past five years, Chris Christie Republicans and Steve Sweeney Democrats put New Jersey even deeper in debt. New Jersey state government is not legally obligated to pay most of its long term debts, because NJ State Constitution only requires repayment of long term debts that are approved by voters in statewide referendums. During the past 40 years, both Republicans and Democrats borrowed roughly $200 billion without voter approval, knowing that the State Legislature can “repudiate” or legally refuse to pay such debts it at any time.