Cleaning up NJ's fiscal disaster etc..etc..

Politics 10 replies 735 views
Q
QuakerOats
Posts: 8,740
Feb 16, 2010 3:34pm
This is the type of blueprint that will have to be used to clean up the massive and insidious largesse that the public sector has heaped on the people (at least the producing people):

http://www.nj.com/politics/index.ssf/2010/02/chris_christies_speech_on_budg.html

There will be a gnashing of teeth in the streets .................... I look forward to it.
ptown_trojans_1's avatar
ptown_trojans_1
Posts: 7,632
Feb 16, 2010 4:07pm
Well, looks like NJ will be an interesting test case. It will be interesting to see the ramifications for such a freeze.
derek bomar's avatar
derek bomar
Posts: 3,722
Feb 16, 2010 4:18pm
pretty crazy to see the amount of money they're paying in benefits for teachers compared to what they pay in
Mr. 300's avatar
Mr. 300
Posts: 3,090
Feb 16, 2010 5:34pm
"One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits -- a total of $3.8m on a $120,000 investment. Is that fair?"

Hell no it's not fair. This is why the public workers/teachers unions need restructured. We need to do to them exactly what they did to the business community back in the day. They are taking advantage of the tax payer now, and it's time to level the playing field for ALL workers.
F
Footwedge
Posts: 9,265
Feb 17, 2010 1:56am
I agree with Mr. 300 on this point big time.
M
Manhattan Buckeye
Posts: 7,566
Feb 17, 2010 10:23am
For the "other" state that had a gubernatorial election last fall, here is an update:

http://www2.timesdispatch.com/rtd/news/state_regional/article/mcdonnell_budget_cuts_to_include_furloughs/324876/

On the one hand I don't like seeing anyone have wages/benefits reduced or lose their jobs, but at some point people in the public sector need to understand they are part of the recession like everyone else, and to the extent there isn't money, there simply isn't money. We've let the government sector get so far out of control some people think it is a God given right for absolute job security and a pension.....two words. Tough shit. This isn't reality.
M
Manhattan Buckeye
Posts: 7,566
Feb 17, 2010 10:42am
quakeroats I posted the same link on this thread:

http://www.freehuddle.com/Thread-President-Obama-issues-executive-order-to-create-Deficit-Commission

I'm the eternal optimist, but goddamn, this country might be screwed. I'm going to Vegas and blow my 401(k) funds!
Q
QuakerOats
Posts: 8,740
Feb 17, 2010 10:56am
"I'm going to Vegas and blow my 401(k) funds! "

What .... in defiance of the directives from the messiah ???


:)
majorspark's avatar
majorspark
Posts: 5,122
Feb 18, 2010 2:52pm
Let the political demagoguery begin.

Blind kids getting the shaft, people will get institutionalized who could have lived independent lives, and of course free and reduced lunches for children could be at risk.
http://www.nj.com/news/index.ssf/2010/02/blind_13-year-old_tells_assemb.html

You knew this was coming. What a heartless troll Gov. Chris Christie must be.
Mr. 300's avatar
Mr. 300
Posts: 3,090
Feb 18, 2010 3:45pm
The liberals are already in meltdown mode. Anyone with common sense knows that a business must make cuts to reign in a deficit, and the state of NJ is no different. Let him do his thing and see what happens.