By Thad Calabrese and Thomas Healey, includes “The state is expected to spend more than $46 billion in the current fiscal year—a 10 percent increase over last year. Helping to control the damage is $6 billion of one-time federal relief, as well as $4 billion of debt. But in return for this largesse, New Jersey is offering Washington little reassurance about fiscal stability. … No one expects decades of fiscal mismanagement to be turned around in a single year, but state leaders need to consider ways to remove the structural deficit—that is, spending that exceeds revenues even when the economy is strong. …”