Is there any wonder why we are in such big trouble? Any question why the people don't trust their government anymore, and demand a change?

And I just think that we're at a point in our economic life here in our state - and - and, candidly, across the country, where increased taxes is just the wrong way to go. The people of our state are not convinced that state government, county government, local government has done all they can with the money we already give them, rather than the money that we have before.

Someone has to stay on the line and say, no, we can do this by cutting spending and reducing the size of government. That's what I was committed to doing.

Now, in New Jersey, we have more government workers per square mile than any state in America. But since I've been governor we now have fewer people on the state payroll at any time since Christie Whitman left office in January 2001. That's the right direction, Mr. President, not the wrong direction.

They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it.