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Originally Posted by Biggest
I heard that NJ has a state indebtedness of $32 Billion or like $13,600 for every family of four ($3,400 each). The scary part is that doesn't count the obligations for state pensions and retiree health care. The report said if you included this the total would be something like $106 Billion! 
I think the national debt is a lot of smoke and mirrors, and not insurmountable when looked at in the context of GDP. However state debt is a whole other animal. All that being said, Texas has a surplus this year of $13 Billion, and our state constitution insists that the budget is balanced each year (although they just raised the tuition at the state universities).
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We have more illegals here than anywhere in the world, everyone is on welfare or some state BS and no shit they even advertise food stamps on the radio and say you don't even have to come in, just call them! NO SHIT! They also give free electric and gas away on the radio too for low or no income folks, so the entire state keeps writing checks and growing debt. Combine that with corruption and incompetent individuals in managerial capacities and it is GW squared. NJ sucks, but at the rate my little computer company is growing and my bank rolling along I have to stay here longer than planned and move away. Oh yes, we have the highest property taxes in the USA too...
Back to the thread, I hope this kid understands that he needs to slow down, keep his car in top shape and or learn to drive like a race car driver if he is going to continue driving the way he does...