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Newly elected Governor of New Jersey has outlined his plan to bring his state out of financial ruin.
This may have to be done by Executive Order since the State Legislature is corruptly Democratic!
I hope he succeeds so that his blueprint could be used by Governor's of other states that find themselves in a similar predicament.
He's up against powerful urban political machines and public worker's unions.
The teacher's union is already running ads blasting him for not doing enough "for the children".
We need a tough legislature that's got the cojones to change the way business is done in NJ and I'm a bit skeptical on that one.
Also, we have a history of an activist court getting involved with legislating, so to speak, wealth redistribution schemes.
I wish Christie luck because he going to need quite a bit of it.
Christie's speech is rich in Conservative solutions for Liberal spending problems.
Christie says, "Let me repeat. Every dollar in every school budget approved in every school district across the state remains intact".
What the Pig Teachers at the Pig Pay and Benefit & Retirement Trough have a problem with is when Christie said,
" A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career.
What will we pay for her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime.
Is it "fair" for all of us and our children to have to pay for this excess?"
This is what every state executive should be doing, as well as the federal government.
I wish he'd send Schwartzenneger a copy of his speech so he could get a clue of what to do. Cut Spending, Revisit Union contracts, Renegotiate Government Employee Pay and Benefit Packages!
Matter of fact it should be required reading for every Governor in the United States especially the Republican Governors!
Christie's speech is rich in Conservative solutions for Liberal spending problems.
Christie says, "Let me repeat. Every dollar in every school budget approved in every school district across the state remains intact".
What the Pig Teachers at the Pig Pay and Benefit & Retirement Trough have a problem with is when Christie said,
" A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career.
What will we pay for her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime.
Is it "fair" for all of us and our children to have to pay for this excess?"
How does this get out of hand? We've created a monster of a priviledged class that sucks the blood out of our state and local treasury and in effect will drain the school system of any future improvements and more than likely mandatory cuts in budget ergo cuts in curriculum - who suffers? - the very children that are supposed to benefit are going to get an inferior education and wind up paying these teachers extra money for getting shortchanged! It absolutely staggers the mind!
It's like paying a mugger! After you get mugged you send the mugger a monthly check!
$62,000 works out to less than $40.00 per week!
And No Cost to those teachers for full family medical coverage???? WTF!
$1,400,000.00 + $215,000.00 over 30 years amounts to $53,833.33 in pension payouts and benefit payments.
$46,666.66 in pension per year and $7166.66 in health care premiums!
That's not including the 9 month per year work schedule that has a less than 8 hour per day. Paid time off, Sick days, and every holiday that is on the calendar. +++ Better than average pay and frequent salary increases.
Multiply all these figures by the number of teachers active and retired!
Staggering... all I have to do is look at my constantly increasing yearly Real Estate Tax Bill!
And teacher's are not the only ones at the pig-trough.
Location: By the sea, by the sea, by the beautiful sea
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Originally Posted by ArtinChicago
And teacher's are not the only ones at the pig-trough.
Of course not!
Don't forget folks like former Republican (Loopholes 'R Us) Governors who sell a few cords of firewood off their multi-acre estates, register it as farmland, and wind up paying far less in property taxes than the average working guy on a modest suburban house.
It remains to be seen if Christie will be just another typical "Everybody else should pay their fair share" Republican.
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