New Jersey Governor Mikie Sherrill, who took office this year, warns that the state faces a serious structural deficit (spending exceeding revenues annually) of roughly $3 billion, despite a projected surplus of $7.2 billion by the end of 2026. The notice comes as she prepares to unveil her first state budget on March 10th.  

Shockingly, Sherrill admits that Covid relief funds are drying up and that the stimulus helped to paper over the many budgetary problems within NJ (this is something alternative economists have asserting for years).  However, she immediately launched into an attack on the Trump Administration, blaming federal cuts for the state's incoming fiscal crisis.

New Jersey's extreme deficit earns them a membership in an exclusive club of states, all of them run by Democrat governors.  California, New York, Illinois, Pennsylvania and Maryland all have deficits of $3 billion or more (California and New York are running deficits above $30 billion).  It would seem there is a discernible pattern here, and it has nothing to do with Trump.

New Jersey's total state government debt was roughly $213 billion as of late 2025, ranking among the highest in the nation.

Furthermore, in August 2023 the New Jersey Policy Perspective (NJPP) think tank issued an analysis cited "red flags" in the FY 2024 budget, including a structural deficit estimated at $1.5 billion for that year (spending exceeding revenues annually). They warned of a looming crisis with revenues projected to fall short by $3-4 billion annually in coming years if trends continued, citing declining year-over-year revenues in many states (including NJ) and unsustainable spending growth.

Phil Murphy, a Democrat, was governor on NJ in 2023.  Republicans accused him in 2025 of trying to hide the budget crisis and they threatened to report him to the SEC.  Sen. Declan O'Scanlon (R-Monmouth) reviewed financial disclosures from the New Jersey Department of the Treasury. What he found was a series of "grossly misleading" data shared with Wall Street credit rating agencies and the public.  

https://www.zerohedge.com/economics/new-jersey-faces-structural-deficit-crisis-and-democrats-blame-trump

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EU urges Ukraine to allow access to pipeline carrying Russian oil. Putin is the Iran war's one sure winner

https://citizenwatchreport.com/putin-is-the-iran-wars-one-sure-winner/

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Britain’s Armed Forces ‘can’t defend Middle East bases from Iranian missiles’ – with crucial warships and submarines out of action

https://citizenwatchreport.com/britains-armed-forces-cant-defend-middle-east-bases-from-iranian-missiles-with-crucial-warships-and-submarines-out-of-action/

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