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So your anger really has nothing to do with Murphy ,you just want to blame someone.
That's not it. New Jersey is in serious trouble and what we need are leaders who are willing to tell the truth and get us out of this mess. That requires eliminating the school funding formula to truly reduce municipal property taxes, reform of our entitlement systems, exercising fiscal responsibility, improving our infrastructure without higher taxes, and taking on cronyism and corruption that cost taxpayer's money.
While Chris Christie has failed to make New Jersey better, he stopped Democrats from making it worse in many ways. But even he fell short, as he raised our gas tax by $1.2 billion, set a record for the most corporate welfare, subsidized a wind farm off the coast of Atlantic City, and skipped partial pension payments. We've had 11 credit downgrades and slow growth as a result.
The election this fall was not about Chris Christie Vs. Phil Murphy. It was about New Jersey having a chance at economic and financial recovery or the kind of socialism and irresponsibility that has hurt cities like Detriot and states like California and Illinois. 56% of those who voted on election day voted for Phil Murphy and while the majority of them are good and hard-working people, they voted based on emotion and not logic. Exit polls found people are dissatisfied with the direction the state is headed in, yet they voted for someone who would not only preserve the status-quo under the label of a different party, but who will make our problems worse.
Quote:
Originally Posted by jaymoney
So let's make it unfair for everyone instead of fighting to make it fairer for everyone? Bring everyone down to the lowest level instead of pulling others upward?
Merry Christmas everyone.
Fair is a very subjective term. We should strive to be fair, but sometimes life isn't fair. That said, I think you and I generally agree on the pension issue. It's unconstitutional not to make payments, it's also theft in a sense not to make payments, and it's fiscally irresponsible because eventually, payments will have to be made so not doing so is just creating debt.
The real problem is the current pension system is unsustainable. I support efforts to move to a 401(k) or cash/hybrid system for future retirees.
That's not it. New Jersey is in serious trouble and what we need are leaders who are willing to tell the truth and get us out of this mess. That requires eliminating the school funding formula to truly reduce municipal property taxes, reform of our entitlement systems, exercising fiscal responsibility, improving our infrastructure without higher taxes, and taking on cronyism and corruption that cost taxpayer's money.
While Chris Christie has failed to make New Jersey better, he stopped Democrats from making it worse in many ways. But even he fell short, as he raised our gas tax by $1.2 billion, set a record for the most corporate welfare, subsidized a wind farm off the coast of Atlantic City, and skipped partial pension payments. We've had 11 credit downgrades and slow growth as a result.
The election this fall was not about Chris Christie Vs. Phil Murphy. It was about New Jersey having a chance at economic and financial recovery or the kind of socialism and irresponsibility that has hurt cities like Detriot and states like California and Illinois. 56% of those who voted on election day voted for Phil Murphy and while the majority of them are good and hard-working people, they voted based on emotion and not logic. Exit polls found people are dissatisfied with the direction the state is headed in, yet they voted for someone who would not only preserve the status-quo under the label of a different party, but who will make our problems worse.
Fair is a very subjective term. We should strive to be fair, but sometimes life isn't fair. That said, I think you and I generally agree on the pension issue. It's unconstitutional not to make payments, it's also theft in a sense not to make payments, and it's fiscally irresponsible because eventually, payments will have to be made so not doing so is just creating debt.
The real problem is the current pension system is unsustainable. I support efforts to move to a 401(k) or cash/hybrid system for future retirees.
The funding for the pension is affordable. The difficulty is making up the 23 years of missed payments plus the accrued earnings on those missed funds. That problem remains even if you switch to a 401k or hybrid plan
Here is the pension formula- the employee pays 7.5% of their salary and the State (for State workers and every teacher) contributes 3.8%. So for current year payments that payment is not overly burdensome to the budgets of the State and local BOEs
The problem is that the pension earned about 8.5% a year for those 23 years and if you take 3.8-4% of every employees salary for those years plus the rate of return and need to replace that it is a lot of money
That's not it. New Jersey is in serious trouble and what we need are leaders who are willing to tell the truth and get us out of this mess. That requires eliminating the school funding formula to truly reduce municipal property taxes, reform of our entitlement systems, exercising fiscal responsibility, improving our infrastructure without higher taxes, and taking on cronyism and corruption that cost taxpayer's money.
While Chris Christie has failed to make New Jersey better, he stopped Democrats from making it worse in many ways. But even he fell short, as he raised our gas tax by $1.2 billion, set a record for the most corporate welfare, subsidized a wind farm off the coast of Atlantic City, and skipped partial pension payments. We've had 11 credit downgrades and slow growth as a result.
The election this fall was not about Chris Christie Vs. Phil Murphy. It was about New Jersey having a chance at economic and financial recovery or the kind of socialism and irresponsibility that has hurt cities like Detriot and states like California and Illinois. 56% of those who voted on election day voted for Phil Murphy and while the majority of them are good and hard-working people, they voted based on emotion and not logic. Exit polls found people are dissatisfied with the direction the state is headed in, yet they voted for someone who would not only preserve the status-quo under the label of a different party, but who will make our problems worse.
Fair is a very subjective term. We should strive to be fair, but sometimes life isn't fair. That said, I think you and I generally agree on the pension issue. It's unconstitutional not to make payments, it's also theft in a sense not to make payments, and it's fiscally irresponsible because eventually, payments will have to be made so not doing so is just creating debt.
The real problem is the current pension system is unsustainable. I support efforts to move to a 401(k) or cash/hybrid system for future retirees.
+1
I always find it amusing when low-information voters repeat the mantras that Faux News has drummed into them, without actually researching matters for themselves.
Whether anyone likes Jerry Brown or not--and whether or not they persist in calling him Governor Moonbeam--the fact of the matter is that Brown's leadership has restored the economy of California to the position of being one of the most vibrant in The US, and, if California was a nation, it would be ranked as the 8th largest economy in the entire world.
As usual, facts don't matter to the creative writers at Faux News, or to their viewers who blindly believe the propagandistic falsehoods that those liars spout on a daily basis.
............... That requires eliminating the school funding formula to truly reduce municipal property taxes, reform of our entitlement systems, exercising fiscal responsibility, improving our infrastructure without higher taxes, and taking on cronyism and corruption that cost taxpayer's money.
The real problem is the current pension system is unsustainable. I support efforts to move to a 401(k) or cash/hybrid system for future retirees.
You don't want much do you?You want a perfect World yet no suggestion on how to achieve it.
You're dead wrong. Nothing wrong with the pension system if the political leaders would do as they are suppose to and make the payments they agreed to make and stop using state or goverment pensions as savings accounts for their dream projects. 401(k's) are nice way of laying the problem off on Wall Street .
I'd rather drink bleach than vote for Phil Murphy.
He won't be up for re-election until 2021, so I urge you to stock-up on bleach--and to consume copious quantities of that substance--over the next few years.
I'd rather drink bleach than vote for Phil Murphy.
He is better then the alternative.
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