From an editorial in today’s WSJ ($) about state governments' booming revenues:
At least 40 states are in the black, and only a handful, such as the Gulf states wrecked by Hurricane Katrina and perpetually hapless New Jersey, are still spilling red ink. In 2005 state and local revenues grew by 10.5%, according to Census Bureau data, and so far this year tax receipts in most states are climbing at close to that level. California’s income tax revenues in April were up an astonishing 55% from last year. Oklahoma is so flush it has exceeded its legal limit on its rainy day fund.
"…perpetually hapless New Jersey…” just nails it, don’t you think?
As the Instapundit would say: heh!
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