Christie Cuts Pension Payment, Sets Up Battle With Legislature and Unions
Teachers plan lawsuit, state bond rating may drop.
By Joel Mathis | May 22, 2014 at 6:05 am
“Facing yet another budget shortfall, Gov. Chris Christie yesterday said he would slash pension payments by $2.4 billion, abandoning the pension-funding plan that was the signature achievement of his governorship and triggering a major confrontation with the Democratic Legislature and the public employee unions over the future of the state’s pension system,” NJSpotlight.com reports.
Indeed: the New Jersey Education Association said it would file suit to restore the cuts. And Moody’s Inestment Service condemned Christie’s action.
"Christie’s actions directly violate the provisions of the 2011 pension law he and Sweeney championed that obligated the state to bail out the deficit-ridden pension system by a seven-year ramp-up to full actuarially required funding by Fiscal Year 2018, which would have required a final-year payment estimated at $4.8 billion in last Christie’s budget," NJSpotlight.com adds. "Now the Legislature will be forced to choose between accepting Christie's cuts, raising taxes, or finding deep cuts to other programs.
@coldjoint,
Brainless cj wrote,
Quote: except expanding government control and demonizing Republicans.
The republicans are the ones who wants to establish voter ID, take away equality from gays, lesbians, and women, and waste time and money on five committees on Benghazi, 54 attempts to repeal ObamaCare (they want to deny the over 12 million people who signed up for health care), and didn't approve the deficit ceiling that cost this country over $50 billion in business activities.
What did the democrats try to control?
@coldjoint,
You,
Quote:The Republicans want equality not protected classes.
You continue to prove your ignorance and stupidity. You don't even know our own Constitution. "All men are created equal."
Republicans are the ones who do not want gays and lesbians to have equal treatment under our laws. They don't want women to make the same salaries as men. The GOP doesn't want to raise the minimum wage laws to 'equalize' income levels so that the poor will have less dependency on government welfare - while decrying 'big government.'
TNCFS
@coldjoint,
The Pink Prevaricator wrote:
Quote:Republicans are the ones who do not want gays and lesbians to have equal treatment under our laws.
The Republicans want the states to decide, not O'Blowhole.
Did the US Constitution suddenly become no longer applicable in some states? You do seem like to prove you have **** for brains, don't you?
@coldjoint,
The Pink Prevaricator wrote:
Quote:Did the US Constitution suddenly become no longer applicable in some states?
In some cases, read up on states rights. Shill.
Perhaps you should read the US Constitution, **** for brains. You might want to check out the 14th amendment. It makes it MORE applicable to states.
@bobsal u1553115,
A true leader will look at the unrealistic promises made by prior administrations and make the best difficult possible that protects all the citizens from increased taxes to support the few.
Finally, a leader who is looking out for the best interest of EVERY citizen.
@woiyo,
AMEN! We'd better give the President a Congress to accomplish it this November.
@bobsal u1553115,
Unfortunately, we have too many ignorant voters like ice brain (cj) who doesn't know anything, and only knows how to parrot what they hear on Faux News.
You would think after this many years of a congress that's rated at the lowest in history by the same people who continue to vote these idiots back into office.
TNCFS They'll never be able to figure out the problems of this country. NEVER.
