New Jersey will go bankrupt in 10 to 20 years because we cannot afford our employees as a state. I’m talking about every worker from the cities and counties to the state government. Eventually, we’re going to price ourselves out as a government or tax ourselves to death.

Newark Mayor Cory Booker in an interview with Bloomberg Radio regarding rising expenses for health care, pension, and salaries due to a state bogged down by 566 towns and cities, 617 school districts, and 21 counties.