Wednesday, May 21, 2014

Pension Tension

OK, who didn't see this one coming?

Governor Chris Christie says he's not going to make the full public employee's pension payment he promised after the Democratic turncoats in the state legislature sided with him over working people in the spring of 2011. In raw numbers, that's a $2.4 billion dollar cut. The NJEA is suing. Moody's and Fitch are threatening to further lower the state's credit rating.

Wealthy people, thank heavens, are safe. After saying that "there's nothing off the table" concerning the budget, it turns out that there is something off the table, and that's any revenue from wealthier residents or businesses. So essentially what we have is the Republican ideology that says that unions are destructive, raising revenue is not viable, and the middle class must bear the brunt of the costs of quality public schools and public services. And if they can't pay for it, then oh well.

I'll say it again: Christie will not win another general election in his lifetime. Donors know it, which is why they're looking more favorably at Jeb Bush (shudder), and the far right has already abandoned him. Meanwhile, those of us who still proudly live in New Jersey will need to endure Christie for an entire second term.

Perhaps after that, we can begin to move forward.

You want more? That's easy. Simply go to or Twitter @rigrundfest

No comments:

Post a Comment