Monday, May 23, 2011

With Bated Breath

               Enemies of Governor Chris Christie are holding their collective breath for a Supreme Court decision that will be made Tuesday morning on the legality of state school funding cuts. In the balance sits circa 1.7 billion dollars worth of school funding that was removed over the last 1.5 years by the Governor screaming budgetary deficits.
                When the decision is released tomorrow Governor Christie will either be enjoying a political victory or a calamitous defeat. 
     Any victory for the Governor on this issue may prove to be pyrrhic in nature as it comes at the cost of deteriorating public schools which will ultimately affect a whole host of other issues social and economic.  
                A defeat will provide enemies of Christie the ammunition that they need for a powerful salvo against his social and economic policies. A defeat also provides the first ingredient for what has the potential to be a financial perfect storm for a state that has already been staggered by budgetary deficit problems and a host of other issues.
                From my vantage point I believe the court will order the restoration of at least part of the funds which will probably result in a financial crisis for the governor as he faces further budgetary shortfalls or refusal and probable impeachment.

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