There have been many jokes aimed at NJ from NYC and Hollywood. Actually, some are well-deserved. Not because we citizens aren't hard-working sorts (don't forget, we made like 100 Destroyers for WW II in record time, have most of the leading pharmaceutical companies in the country here and such).
But we also have our politicians. All deserving every NJ joke you can invent. Democrats mostly, and idiots mostly. They have been stealing from our wallets since before I was born. Pretty good track record. Somehow, all the dying cities around here which lost their manufacturing skills to lower cost, equally competent workers elsewhere (sort of the definition of competition), looked up to their Democrat congressman to save them, rather than save themselves.
And save them they did. For no conscionable reason, just because they had the power to steal money from the rest of us they did it with extraordinary enthusiasm. Not only for the dead cities despite being deservedly dead and too stupid to reinvent themselves, but because the efforts to revive them could help the politicians personally pocket a huge hunk of the proceeds.
Ever heard of retirement "double dipping?" This is where a New Jersey politician finished with one career in public office moves on to another, which has its own medical and retirement package. So he gets to pocket two entire retirement plans at public expense.
You wonder why we are in financial difficulties?