Quote of the Day

Matt Bai in tomorrow's NY Times:

And so Mr. Christie was calling, minutes before the New Jersey House started voting on a bipartisan reform package, to do a little crowing. He wanted me to know that he and the leaders of New Jersey’s Democratic-controlled Legislature were about to do something pretty amazing...

Assuming Mr. Christie is able to sign that bill into law tonight, it is, in fact, a pretty extraordinary thing. Other states have chiseled away at their mountains of long-term liabilities, but none would seem to have achieved anything quite this sweeping. (“Sweeping” is a word we journalists tend to overuse, but in this case I think it fits.)