New Jersey Gov. Chris Christie doesn't waste an opportunity to raise the specter of Detroit when talking about his state's finances.
Christie, a Republican, has included a $2.25 billion payment to New Jersey's public pension system in 2015, the highest in the state's history and more than his predecessor, Democrat Jon Corzine, allocated in his entire four-year term. But it does little to narrow the gap left by years of poor accounting, deferred payments and, according to Christie, ignorance of state leaders.
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Just about every government pension whether on a municipal/county/state even federal level are in dire straits. Those who think their pension is in good shape are only falling for the illusion because of the propped up market. Government employees tend to live for today without a thought for the future. A lot are parents. What kind of parent are they? It's clear they don't care about other people's children but they don't care about their own either. That is a fact. If they did they would be screaming to put a halt on the spending. But instead they have their hands out. Piss poor excuses for 'parents.'
ReplyDeleteDouble dippers are killing tax dollars, How about we lower the retirement age for the rest of us to be more inline with government employee's to 55.
ReplyDelete9:25,and they expect us to pick up the shortfall.They better go find the money tree.
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