All but three billion dollars of NJ debt are non-voter approved junk bonds.  See one for yourself.  Pay attention to the writing on the bond stating that it is NOT backed by the full faith and credit of the state of NJ.    It is these junk bonds (also called contract debt, appropriations bonds, and [...]

example of NJ junk bond · nj financial crisis · NJ junk bonds

   What’s “Repudiate NJ’s Unconstitutional Debt?” appeared in the 27 February Asbury Park Press.  The guest commentary is a short explanation of what it means to Repudiate NJ’s Unconstitutional Debt. “Repudiate New Jersey’s unconstitutional debt” means denying appropriations (read — funding) for contract, or appropriation, or junk bond debt (take the term of your choice) in [...]

Asbury Park Press · Jesse O. Kurtz · nj financial crisis

   What’s “Repudiate NJ’s Unconstitutional Debt?” appeared in the 27 February Asbury Park Press.  The guest commentary is a short explanation of what it means to Repudiate NJ’s Unconstitutional Debt. “Repudiate New Jersey’s unconstitutional debt” means denying appropriations (read — funding) for contract, or appropriation, or junk bond debt (take the term of your choice) in [...]

Asbury Park Press · Jesse O. Kurtz · nj financial crisis

   What’s “Repudiate NJ’s Unconstitutional Debt?” appeared in the 27 February Asbury Park Press.  The guest commentary is a short explanation of what it means to Repudiate NJ’s Unconstitutional Debt. “Repudiate New Jersey’s unconstitutional debt” means denying appropriations (read — funding) for contract, or appropriation, or junk bond debt (take the term of your choice) in [...]

Asbury Park Press · Jesse O. Kurtz · nj financial crisis