New Jersey Budget Projects Will Hamper Gov. Christie's Chances To Keep Promised Tax Cuts

As I've been warning for quite some time, budget projections have been far too rosy and assuming growth when one should take a far more conservative outlook on the figures.

By assuming growth in excess of what one should reasonably expect, you set up the potential for budget deficits and that's precisely the situation that Gov. Chris Christie is facing in New Jersey. He offered up a more rosy