Vote “NO”
on Question 2
Stop Endless Debt, Kill the
Bill
October 31, 2016
It is a rare day that the public is
given a chance to stop irresponsible, unaccountable legislators.
But this day has arrived and we ask
that media make it their responsibility to inform the public properly. A
“NO” vote kills the $12,000,000 [billion] generational debt burden of the new gas
tax law. A “NO” vote requires that legislating return to normal – each
debt funded project will receive public oversight and a full, prudent
legislative process as to its merits.
The gas tax vote taken on October 7
has not been properly explained to the public. A review now requires a no
vote on Ballot Question #2, which will prevent only "Bond Debt" that
requires a constitutional guarantee.
The bonding addresses huge, extravagant
new projects for the Transportation Trust Fund which are not for road
construction, but are for massive mass transit projects of minimal value.
Also hidden is the diversion of toll
revenues and taxation cash flows. The gas tax was raised from 14.5 to
37.5 cents/g (160%), but revenues are to only trickle up from $1.6B to
$2B. If a lock-box is wanted for TTF funding, return the diverted funds.
Hidden too are that massive,
undefined, debt funded, tax and spend activities will be directed
not by the legislature, but by a four-person board. The people of New
Jersey are being assigned huge debt loads and those responsible for the
spending are now not to be elected by the people.
However, all this can all now be
corrected. The gas tax increase law had an Achilles heel. It requires the
debt to be constitutionally guaranteed. Vote “NO” on Question 2, November
8, and the gas tax increase charade falls apart. Roads will continue to
receive funding, but generational indentured servitude is avoided by ending
wasteful, poorly vetted mass transit projects.
