$271,101,291 debt..

December 15, 2010

And I was starting to think that my debt was bad….

A formal demand for payment was sent November 24th by the Federal Transit Administration. The government is warning New Jersey that they must repay $271,101,291 for the project that Christie pulled the plug on in October. This is only half of the $600 million spent on the project, but New Jersey somehow believes that they don’t have to pay back all that money. Jim Weinstein announced early this month that New Jersey had not yet decided whether or not they would pay back $300 million. Christie refused comment (big surprise)! I am confused how a state can refuse to pay back the federal government under a contracted plan. And how exactly do New Jersey residents feel about this? Do they agree or are they pissed (this is their tax dollars at stake…)?


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