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Those of us who have worked in corporate America have had our pensions and health care benefits eliminated, costs increased and changed many times during our careers. Retiree health benefit costs have increased tremendously and in some cases eliminated. No one was able to "plan" for any of this. No one was "guaranteed" a benefit. Friends who are now 55 years old have had their pensions frozen and now have to start saving themselves to supplement this change, and retiree health plan was terminated, so now they have to look elsewhere for health coverage.
I know several retired teachers in NJ who pay nothing for the health plan. with a copay of less than $10. How can the state sustain that type of expense?
Ya -- I for one don't agree with how little they pay for health care anything and rob tax payers blindly through high property taxes. All of us in the private sector have a little less stability to work with -- and you don't see us bitching when everyone is getting screwed over by high premiums and obamacare.
Retriever is correct. I know teachers definitely contribute to SS in NJ but in CA, for example, they do not contribute nor do the receive SS because they receive a pension. CA is one of the states in WEP. NJ is not. Are NJ state troopers different in that respect?
Marc, if the state cannot afford these benefits, why is heck is Christie insisting the state can afford a tax cut for its citizenry?
That's different. "Job creators" need their whims catered to regardless of the state of the economy. Or else they might throw a hissy fit & move to Florida.
That's different. "Job creators" need their whims catered to regardless of the state of the economy. Or else they might throw a hissy fit & move to Florida.
Well, we've seen what happened when the political machines and their cronies' whims got catered to.
We got NJ. And our plight didn't just happen when Christie got elected.
In some states it was illegal to hold more than one job fed by the taxpayer's teat. Here one could have six, lol.
Politically we're a banana republic except with freezing winters and no tropical season.
Don't worry. I don't seem to read too much about job creators racing each other to open up shop in NJ.
Resale values of homes are the first thing to go if we get a wave of deflation, a recession or both. Two family households will become one. Full timers become part-timers etc. And in such a densely populated state if jobs are fewer and fewer, crazy fights over simple jobs like waiting tables. The next recession will reveal that any homes with tax burdens over $7k are going to see almost no interest outside of a few pockets of wealthy areas.
The unions have to be taken out. I know it sounds impossible in NJ but it must be done. And people with kids need to stop robbing people with no kids. It is all going to have to change eventually. Each working taxpayer is carrying over $100k in per capita US debt additionally so you do the math. Bad times are coming and when they do there won't be ANY buyers for homes AT ALL.
And that is how we will become like Detroit.
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