Did you know that New Jersy suffers from a YUUUGE structural deficit?

A structural deficit is a persistent, long-term imbalance where a government’s ongoing spending exceeds its revenue, even when the economy is operating at full capacity. Unlike cyclical deficits, which disappear when the economy recovers, structural deficits are caused by fundamental fiscal policies, such as entitlement spending or insufficient taxes , and do not self-correct.

This represents a mismatch between permanent spending and revenue, rather than temporary, one-off factors and it persists regardless of where the economy is in the business cycle. Continued structural deficits require long-term borrowing, which increases debt ratios, restricts future fiscal flexibility, and lead to unsustainable debt accumulation.

Addressing a structural deficit requires deep, structural reforms to government programs or taxation policy rather than temporary spending cuts.

Translation: Democrats will be raising taxes in New Jersey bigly . . . as they have been for years . . . and the worst is yet to come.

Vote in the June Primary for Paul Humbert.