New Jersey To Issue Its Own Currency? Springsteen And Sinatra To Appear On New Paper Money.

From www.whatexitnj.com:

“My personal favorite for the One Hundred Dollar bill is Joe Piscopo.”

“Everyone agrees that Jerry Lewis (of Weehawken) or Lou Costello (of Paterson) should be on the One Dollar bill,” said Assemblyman Michael Patrick Carroll, sponsor of bill A-1776. “And that either Frank Sinatra (of Hoboken) or Bruce Springsteen (of Long Branch) should be on the One Thousand Dollar bill.”

Carroll is the main sponsor for legislation, A-1776, that would “…immediately initiate, create, fashion and grant authority to the state of New Jersey to print monetary paper currency to be valid for all debts public and private for the state there in.” The bill is cosponsored in the State Assembly by fellow legislators Allison Littell McHose (NJ-24), Erik Peterson (NJ-23), and John DiMaio (NJ-23). The same legislation is sponsored in the Senate by Senator Michael Doherty as S-117.

“The Obama administration has so devalued American currency, by its failed economic and fiscal policies, that this is the best a state can do,” noted Carroll.

Under Article I Section 8 of the Federal Constitution, Congress has the authority to:

“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States.”

One would think that this alone would deter Assemblyman Carroll, ––– however he claims that “Article I Section 8 merely refers to ‘coin money’, and not paper currency.”

“In an originalist interpretation of the Constitution, as the Founding Fathers would have us interpret the document, there is no mention of ‘paper money’ – just ‘coin money’ ”, noted Carroll.

“Obviously, the intent of the Framers was to leave this to the Several States, under the 10^th amendment––which says ‘The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.’ The Founding Fathers clearly had it in mind for states to issue their own paper currency. It is only liberal activist courts that have subverted this Original Intent.”

Additionally, under A-1776, “An exploratory New Jersey Currency Commission shall be set up in the following manner: Two members shall be appointed from the general public by the governor; Two members shall be appointed by each house of the legislature; and the Seventh member shall be the Chief Justice of the New Jersey Supreme Court, unless he is a ‘liberal’, whereby the governor shall have the power to appoint his own additional nominee subject to the advice and consent of himself.”

The New Jersey Currency Commission shall have the power to decide which persons, living or dead, will appear the on the various denominations of the paper money.

“There are those liberals who have their favorites; Princeton is lobbying for Woodrow Wilson or Paul Robeson. My personal favorite for the One Hundred Dollar bill is Joe Piscopo. That ‘I’m from Jersey’ bit from 1980s SNL still cracks me up,” finished Carroll.

New Jersey Plan to Make Money With Formula One Grand Prix: “Charge Tolls”.

“E-Z Pass is a remarkable toll collection technology that makes race car driving more convenient.”

Governor Chris Christie announced this week that in 2013, there will be a Formula 1 Grand Prix race in New Jersey. The plan includes the cooperation of the mayors of Weehawken and West New York, two cities geographically involved in the circuit’s layout.

However Mayors Richard F. Turner of Weehawken and Felix Roque of West New York, both had the same concern, “How does New Jersey make money on this?”

“Tolls. And the sale of E-Z Pass to Formula One Grand Prix top drivers, of course. We have already received E-Z Pass applications from Ferrari’s Felipe Massa, and Mercedes GP star Michael Schumacher, as well as several other top drivers,” added Christie.

“E-Z Pass is a remarkable toll collection technology that makes race car driving more convenient, and will help Formula One drivers save money through discount plans offered by many toll facilities. It will reduce traffic congestion for everyone in the race,” noted New Jersey E-Z Pass Director Jorge Ramon Caceres.

Both Massa and Schumacher expressed concern that, “Having to stop every eight miles or so, and find change to pay a toll,” might impede their ability to be competitive.

“New Jersey remains a leader in hosting all types of national and international sporting events,” Governor Christie said, adding the Grand Prix of America to a list that includes last winter’s NCAA tournament and the Super Bowl in 2014. “While some pure race drivers will opt out of E-Z Pass , it is there for those drivers who wish to take advantage of the time savings it provides.”

World champion Sebastian Vettel, was equally impressed with the challenge of racing in New Jersey.

“It’s interesting, a good challenge,” said Vettel. “It’s very dusty to start with, but the track seems like it will be a new type of challenge…especially the toll lanes that give a lot of options to all the drivers. ‘Exact Change Only’. ‘E-Z Pass lanes Only’. ‘Cash Only’. Toll-operators in case drivers need directions. We’ll see a good race in 2013.”

Placing a race in New Jersey, on a 10-year contract, “will be one of the best decisions you ever made.” Gov. Christie also said he is interested in bringing NASCAR to the track