"I said we are going to balance an $11 billion budget deficit in a $29 billion budget, so by percentage, the largest budget deficit in America, by percentage, larger than California, larger than New York, larger than Illinois. And we're going to balance that without raising taxes on the people of the state of New Jersey"

This quote by Chris Christie is referring to the deficit spending in the state of New Jersey. He is stating that the deficit spending is the largest in the United States, by portion, compared to other states such as California, New York, and Illinois. He is likewise stating that he will be able to stabilize the $11 billion deficit spending in a $29 billion budget plan without raising taxes on the people of New Jersey. This is a bold declaration, as stabilizing a budget deficit of this size without raising taxes is a difficult task. It is likely that Christie will need to make some hard decisions in order to attain this objective. He will have to make cuts to spending, and potentially increase taxes on specific items. It will be fascinating to see how Christie has the ability to stabilize the deficit spending without raising taxes on individuals of New Jersey.