The New Jersey Sports Authority, like many government agencies these days, is bleeding red. And they need lots of money to keep from going broke. Of course that means taxpayers get to foot the bill despite a $1.3 million cut in the payroll. To that the Star Ledger notes in its editorial:

The NJSEA says it has cut $1.3 million from its payroll, but that’s like throwing a deck chair off the Titanic.

Of course if you do have a real deck chair from Titanic (presumably retrieved as debris in 1912), that would be worth serious money. Probably not enough though to solve the budget problems NJSEA faces.

The Star-Ledger, NJ Sports Authority Has Become A Money Pit (editorial), 4 June 2010