Michael, see my article in the January/February Dollars & Sense, titled "Whitman Bedazzles New Jersey: Cut Taxes Now, Pay the Price Later." What Whitman has done so far is mainly to cut contributions to the state's pension fund by a huge amount, something like $2 billion a year. She claims that the money won't be needed, but outside actuaries disagree, and the state employee unions are suing. It appears no one will know the truth until ten or fifteen years from now, when the pension bills come due. Marc Breslow, Editor, Dollars & Sense.