At the end of last week, there was a great deal of talk about the horrible effects across the nation that would take place if the automatic federal budget cuts that were triggered by the sequester took effect.
Democratic leaders in the legislature say New Jersey's budget was in serious trouble long before Sandy battered the Garden State. They claim there is a huge revenue shortfall in the current fiscal year's spending plan and they strongly believe things are only going to get worse. Democrats say the time to indentify cuts is now.
The consequences could be severe, according to the Congressional Budget Office, if Congress can't find a way to keep tax cuts from expiring and to keep automatic spending cuts from taking effect in January.
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