“I will not allow America to become New Jersey.”

That’s a good idea in so many ways, but this specifically refers to not allowing government to grow wildly as has happened in the so-called Garden State:

Think of it as our gift to the nation. Other states offer promising experiments in areas such as Medicaid, taxes, education and regulatory reform. In contrast, the People’s Republic of New Jersey offers America something truly unique: the perfect bad example.

As harmful as this has been for our own prosperity, our example could be invaluable for President-elect Obama. That’s especially true given that his team appears to be considering some of the same things that have long been popular in Trenton. For years, the solons in our state capital have operated on the assumption that you can have high taxes everywhere — on income, on property, on business — without suffering any consequences.

Quote of the Day

“It will not be denied that power is of an encroaching nature and that it ought to be effectually restrained from passing the limits assigned to it. After discriminating, therefore, in theory, the several classes of power, as they may in their nature be legislative, executive, or judiciary, the next and most difficult task is to provide some practical security for each, against the invasion of the others.”

–James Madison, Federalist No. 48, 1 February 1788