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Re: Christie broke law by cutting pension payments, judge rules
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It is... when he declares the problem "fixed," takes a victory lap, and then fails to hold up his end of the agreement. In failing to fund the pensions properly, he violated the very law he signed. Not only did he violate it, he tried to claim the law he wrote and signed violated the state constitution! Last but not least, we're 5 years and one re-election into his administration. It's past time for him to assign him responsibility for the financial condition of state government. Quote: The Obama economy led to a shortfall in state revenue... He made the deal in 2011. He's had years to figure it out, and it's not like the deal was made in 2007. Quote: The way the money is compounded if previous Governors had paid as much as Christie has paid the unfunded obligation would be manageable. It's not. Yes, especially when Christie makes a deal to reduce benefits in exchange for fully funding the pensions... and then fails to do so. Quote: NJ taxpayers can't carry the water for the special interest groups any longer. That's nonsense. For decades, public workers have accepted lower salaries in exchange for decent benefits. Governments accepted this because it kicked the costs down the road. Now, Christie doesn't want to hold up his end of the bargain. Shame on him. Quote: And please, everyone, note that what Christie is trying to do is keep the benefits for those receiving them currently! No, he doesn't. His new plan is to eliminate defined benefits. What he wants is to convince Republicans that he can beat the unions, and manage a state's finances. That has f'all to do with protecting pensioners.
Posted on: 2015/2/26 2:46
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Re: Christie broke law by cutting pension payments, judge rules
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There are probably more than a few dry eyes in the house because of that... The US got itself into this predicament by not - unlike most countries with high performing schools - mandating national level standards and financing for schools, leading inexorably to situations like the high pension costs for umpteen school executives, Abbott districts, and so on (I read the various news articles on the pension issue, and found it telling that most of the $100K plus pensions went to education administrators).
Posted on: 2015/2/26 2:05
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Re: Christie broke law by cutting pension payments, judge rules
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Home away from home
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When you've got nothing, roll out a 'fat guy' cartoon, lol.
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Posted on: 2015/2/25 22:15
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Re: Christie broke law by cutting pension payments, judge rules
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Blind loyalty is what Christie is relying on to keep him in office - He is in my opinion, a totally inept bullshitter and should be dumped from holding any public office - This said, a good number of his administration staff should also be given the ass.
Posted on: 2015/2/25 21:36
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My humor is for the silent blue collar majority - If my posts offend, slander or you deem inappropriate and seek deletion, contact the webmaster for jurisdiction.
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Re: Christie broke law by cutting pension payments, judge rules
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Home away from home
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NJ public employee health care is, according to Obamacare, 'platinum plus'. Lowering it to 'gold', which is about the level of most who have healthcare through their private employees, would free up enough money to totally fund the pension gap.
Posted on: 2015/2/25 21:12
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Re: Christie broke law by cutting pension payments, judge rules
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Home away from home
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If you take people's money for pension then spend it somewhere else, is that considered stealing? Don't we put people in jail who take a client's money but it is used for another purpose?
Posted on: 2015/2/25 16:39
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Re: Christie broke law by cutting pension payments, judge rules
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By KATE ZERNIKEFEB. 23, 2015
In a major blow to Gov. Chris Christie, a New Jersey judge ruled on Monday that he violated state law when he declined to make the full payment into the state?s pension system for public employees last year and ordered him to find a way to fund it now. The decision further complicates Mr. Christie?s hopes of reviving his presidential ambitions, which have suffered in recent weeks as his approval ratings in New Jersey have sunk to the lowest point of his tenure, and Republican donors have moved to other contenders for the party?s nomination. It came on the eve of his annual budget proposal to the Legislature, which already presented him with the challenge of finding $2.9 billion to make next year?s pension payment. The challenge is steep, with the state?s economy lagging well behind its neighbors? and the nation?s, the state surplus dried up, and the governor loath to raise taxes. Mr. Christie will now be scrambling also to find the $1.57 billion the judge ordered him to pay. More
Posted on: 2015/2/25 16:13
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Re: Christie broke law by cutting pension payments, judge rules
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Home away from home
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@dolomiti, bs on your tax idea. NJ will release state education funding today. If you're a JC taxpayer we'll compare your tax break by living in an Abbott district vs the 'rich' who pay to support it by their underfunded schools. That's never factored into the 'rich underpay their taxes' meme, at least not in NJ. Fulop gives out PILOTS like candy on Halloween, which leads to even less money going to JC schools-but why should he, JC taxpayers pay a pittance of their own school costs anyway-let's soak the rich to do it! And move to CT? No, Florida-0.0% state income tax!
Posted on: 2015/2/25 14:59
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Re: Christie broke law by cutting pension payments, judge rules
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Home away from home
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Fully funding the pension fund that wasn't hardly funded at all by every Governor going back to Florio is Christie's fault? The Obama economy led to a shortfall in state revenue (which the same Judge let us lower the previous payment as well) was unforeseen.
The way the money is compounded if previous Governors had paid as much as Christie has paid the unfunded obligation would be manageable. It's not. NJ taxpayers can't carry the water for the special interest groups any longer. The days of civil servants and union employees cashing out giant paydays upon retirement (you know, the ones that cost Jersey City taxpayers millions of dollars a year-to the point where they've had to bond the money needed!) are going to be done. And please, everyone, note that what Christie is trying to do is keep the benefits for those receiving them currently! Quote:
Posted on: 2015/2/25 14:50
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Re: Christie broke law by cutting pension payments, judge rules
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Home away from home
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*bzzt* wrong Many people do not pay federal INCOME taxes. About 20% of those people are retired. Many are exempted due to the EITC, a bipartisan law that dates back to the Reagan years. Many have such low incomes that they would pay minimal taxes in the first place. Most still owe payroll taxes. Quote: The rich in NJ already pay out the wazoo. The rich in NJ, like the wealthy elsewhere in the US, pay lower effective tax rates than middle-class people. Mostly because they can afford tax shelters, expert accountants and lawyers who reduce their effective tax rate. Nor have I seen much evidence that upper income brackets in NJ genuinely pay higher effective tax rates than in other states. I.e. Cry me a river. Quote: if we don't fix the pension system now even taxing the rich won't be enough-which means that the middle class will be the new 'rich' paying more. Err, hello? Christie is the one who declared the system "fixed" four years ago, when he cut benefits. He has failed to do his part of the fixing. Stop trying to pretend otherwise. Quote: Because the real rich can pick up their feet and move to a state that doesn't have such onerous taxes. If that was the case, all the rich people would have left NJ years ago for CT. There is very little evidence that people move because of tax rates. e.g. http://www.nytimes.com/2013/02/16/bus ... s-say.html?pagewanted=all
Posted on: 2015/2/25 12:57
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Re: Christie broke law by cutting pension payments, judge rules
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Home away from home
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What a crock. Christie signed a deal to cut public employee benefits, in exchange for fully funding the public employee pensions. He trumpeted this as a bipartisan success -- and then abjectly failed to make those payments. This is his fault, no one else's. No amount of deflection will make this rather basic fact go away.
Posted on: 2015/2/25 12:50
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Re: Christie broke law by cutting pension payments, judge rules
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It was the first step on a journey to fix what's broken. And now, reluctantly, the NJEA is coming to the table for a permanent solution. The gravy train, on the backs of NJ taxpayers, is no longer affordable. They had a great run, but are faced with the economic reality of 2015 and beyond. Other public service unions will have to also see the light.
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Posted on: 2015/2/25 12:13
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Re: Christie broke law by cutting pension payments, judge rules
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i thought christie had solved the pension problem. why are we still discussing? oh no, he didn't solve anything.
http://www.nytimes.com/2015/02/25/nyr ... l&WT.nav=bottom-well&_r=0
Posted on: 2015/2/25 9:52
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Re: Christie broke law by cutting pension payments, judge rules
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Huh? No one's pension has been cut. Christie is trying to find a way to pay for current pensioners, and to reel in pension excesses that currently exist, and to make structural changes for new employees.
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Posted on: 2015/2/25 3:11
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Re: Christie broke law by cutting pension payments, judge rules
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When you say fair share did you mean a flat tax? Surely you're not asking households that make 36k a year pay 18k in taxes, and those making 200 million pay 100.
To me fair share means those making those who make 200 mil pay 50 and those below the poverty level zero. I don't think these people would leave Alpine to move to Texas Quote:
Posted on: 2015/2/25 2:54
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Re: Christie broke law by cutting pension payments, judge rules
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I bet he didn't cut the pensions of senior executives !
I bet he'll never cut the pensions of public servants, officials and administrators !
Posted on: 2015/2/25 2:41
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My humor is for the silent blue collar majority - If my posts offend, slander or you deem inappropriate and seek deletion, contact the webmaster for jurisdiction.
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Re: Christie broke law by cutting pension payments, judge rules
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If NJ is like the rest of the US, almost half here pay no Federal taxes. The rich in NJ already pay out the wazoo. And if we don't fix the pension system now even taxing the rich won't be enough-which means that the middle class will be the new 'rich' paying more. Because the real rich can pick up their feet and move to a state that doesn't have such onerous taxes.
Part of the feeling that the 'rich' in NJ should pay more is because real estate taxes aren't considered when figuring out how much they're paying. The NJ income tax simply doesn't show how the rich pay so much because their real estate taxes aren't included. Factor that in, and the amount they don't get back Trenton for their suburban schools, and it's much higher than you'd think. Everyone should pay their fair share across the board. Quote:
Posted on: 2015/2/25 2:13
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Re: Christie broke law by cutting pension payments, judge rules
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Posted on: 2015/2/25 2:05
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My humor is for the silent blue collar majority - If my posts offend, slander or you deem inappropriate and seek deletion, contact the webmaster for jurisdiction.
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Re: Christie broke law by cutting pension payments, judge rules
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Sure let see where the education aid will go this year with what is going on...
Posted on: 2015/2/25 1:49
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Re: Christie broke law by cutting pension payments, judge rules
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Yes, of course. Who else has the money to pay the kind of taxes needed to level the playing field? When 2% of the richest people in the world own more than half of the wealth, then they should be taxed more than the rest of us.
Posted on: 2015/2/25 1:45
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Re: Christie broke law by cutting pension payments, judge rules
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Seems the only way out for New Jersey is to file for Bankruptcy. This state is sinking fast.
Posted on: 2015/2/25 1:27
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Re: Christie broke law by cutting pension payments, judge rules
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Are you saying that only the rich should be taxed to pay for this? As far as school money, Christie said today education aid would rise this year, so your projection is wrong. And the rich (whose towns get very little state school aid) are already artificially taxed, because their municipal taxes have to be high to pay for their lack of state school aid.
Posted on: 2015/2/25 0:12
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Re: Christie broke law by cutting pension payments, judge rules
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Let see..., pension fund to be funded..., transportation fund to be funded. I project that the state school aid will be raided. So much easier and indirect responsibility-wise than taxing the 1% or raising the car registration/fuel tax. Schools taxes will go up.
Posted on: 2015/2/25 0:03
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Re: Christie broke law by cutting pension payments, judge rules
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Judge to Christie-your interpretation of the law was wrong, Christie to appeal.
Federal Judge to Obama-your interpretation of the law on illegal immigration was wrong, Obama to appeal. I guess Obama has dumb lawyers and advisors too. Anyhoo, every Governor, of either party, has been kicking the can down the road on pension payments, as well as pension reform. Finally we get someone who isn't a Polyanna with an ostrich attitude and people are complaining? Quote:
Posted on: 2015/2/24 22:39
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Let's start with Christie's travel budget. He is a New Jersey resident, I think. We all need to chip in our fair share, right?
Posted on: 2015/2/24 22:08
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Dos A Cero
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Re: Christie broke law by cutting pension payments, judge rules
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Christie must have the dumbest lawyers or advisors working for him - His administration has had a history of second rate knuckle-heads that do the wrong thing or give him poor advise.
I would have thought even the stupidest Governor or Mayor would at least employ a professional group of people around them ... imagine Christie as President; he'd #OOPS#-up (financially like Bush Jnr) this country by employing a second rate administration.
Posted on: 2015/2/24 22:05
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My humor is for the silent blue collar majority - If my posts offend, slander or you deem inappropriate and seek deletion, contact the webmaster for jurisdiction.
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Re: Christie broke law by cutting pension payments, judge rules
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Well, raising taxes can't be done (we're just about the highest taxed state in the USA), so cutting jobs and services must occur. Thanks Judge, there's a lot of fat that is unneeded. Let the Legislature begin to examine where savings can be found. Will they cut the double and triple dippers from collecting a pension while working in a state job?
Posted on: 2015/2/24 21:01
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Christie broke law by cutting pension payments, judge rules
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Brent Johnson | NJ Advance Media for NJ.com
In a significant blow to Gov. Chris Christie, a state judge ruled today that the governor broke a law he signed by cutting $1.57 billion from a promised payment from the pension system for public employees this year, and must now work with state lawmakers to restore the money. The fraught ruling comes as Christie, a potential 2016 presidential hopeful, prepares to deliver his sixth budget proposal Tuesday afternoon for the fiscal year that begins July 1. The decision could blow a massive hole in the current state budget, sending the Republican governor and the Democratic-controlled state Legislature scrambling to come up with the funds by June 30, when this fiscal year ends. More
Posted on: 2015/2/24 20:35
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