Murphy Reprises Corzine’s Asset Monetization Plans, MMM Reprises ‘King of the Road’

Politico is reporting that Governor Phil Murphy is reaching back to the previous Goldman Sachs Administration in New Jersey by “launching an effort to identify state assets that could be leveraged to reduce New Jersey’s unfunded pension liability.”

Former Governor Corzine couldn’t sell his idea of selling New Jersey’s toll roads to investors (China) for a $30+ billion cash infusion to plug our chronic budget wholes. Will Murphy, who according to Politico is looking to sell more assets than toll roads,“numerous state assets, including property, buildings, roads, transit facilities, easements, air rights, naming rights and infrastructure, such as airports, bridges, water facilities, ports, parks and recreational facilities,” succeed where Corzine failed?

Politico says that Senate President Steve Sweeney supports the concept.

On January 21, 2008, MMM responded to Corzine’s scheme with a song parody crafted by Lori Gallagher, aka Mrs. Musings:

King of the Road, an 11 year old song parody by an MMM reader who still wishes to remain anonymous

Highway for sale or rent,
Raise every tax, fifty percent.
Your phone, your pool, your pets,
Luv’ to tax those cigarettes!!!
Aah but,…
Two years of pushing through,
Schemes designed by you-know-who.
I’m a man of means, and that means,
I am,
King of the Road!

Third boxcar, midnight train,
Flying pigs ship to Cape May.
100 pages missing, too,
But,
I don’t think they’ll have a clue!
Oh yeah…
Smoke, mirrors,… I have found,
Help, to get my word around.
I’m a man of means, and that means,
I am,
King of the Road.

I know every judge on every bench,
All of their children, and all of their names,
Every Fed, and Imus, too,
so when no one’s around

I sing …

Highway for sale or rent,
Raise every tax, fifty percent!
Your phone, your pool, your pets,
Ha!
Luv’ to tax those cigarettes!!!
Aah but,…
Two years of secrecy,
Buys the time I need, you see.
I’m a man of means, and that means,
I am,
King of the Road!

Highway for sale or rent,
Raise those tolls, …800 percent!!!
Your phone, your pool, your pets,
Oh, I Luv’ to tax those cigarettes!!!!
Aah but,…
75 years pushed on you,
Buys you debt you can’t undo.
I’m a man of means, and that means,
I am,
King of the road!!