Hooray! We Got Sued!


The Star Ledger reported that Union County is being sued over alleged sex assaults at the juvenile center but what they did not report is that, because of the county’s participation in New Jersey’s flourishing pay-to-play system, county taxpayers are already on the hook for up to $100,000 in legal fees to mostly connected law firms as county counsel determined that the fourteen defendants in Fowler v. UC, et als need different outside law firms to represent them with each of the firms starting the meter at $10,000, an amount that, based on past experience, will escalate regularly over the course of the case to what should eventually hit six figures for each.  Those firms:

Continue reading

Breaking (Though Not Unexpected) News


The state of New Jersey will appeal the Berg v. Christie and NJEA v. New Jersey decisions of June 26, 2014 to the Supreme Count of New Jersey on the issue of:

“the court’s determination that N.J.S.A. 43:3C-9.5(a)-(b) creates a contractual right to receipt of cost-of-living adjustments.”

Another stalling tactic since there seems no way to win this appeal unless they are thinking of…..

Continue reading

But New Jersey Is a Disaster


There have been those out there who do not see a public pension crisis including Teresa Ghilarducci who took to public TV yesterday to make that exact claim but…..when it came to New Jersey:

Continue reading

Christie on CNBC on New Jersey Pension


Chris Christie just finished up a live promotional spot on CNBC for his presidential candidacy and he spent five minutes dodging questions on the the fiasco that is the New Jersey pension system that he is smack dab in the middle of gutting.  John Meachum points up some obvious hypocrisy in his position but eventually backs off….
Continue reading

No Brain. No Plan.


To put this into some perspective when Governor Christie came into office in 2010 he set upon reforming the state’s pension system. His ill-thought out, knee-jerk reforms failed miserably in every respect and with cost-of-living-adjustments for retirees about to return and a crash in the values of alternative investments about to decimate the ‘trust’ there is every likelihood that New Jersey retirees will see draconian benefit cuts even as taxpayers and current employees are intimidated into paying more to fund even the reduced benefits to come.

So what’s the plan?……
Continue reading

Misleading Indicators


Unemployment rates, GDP, and CPI all look to measure our world with methodologies developed decades ago.  Do they still do their jobs?  Zachary Karabell in “The Leading Indicators: A Short History of the Numbers That Rule Our World” explores that question and here are some excerpts from my reading:
Continue reading

Who’s Double-Crossing Whom Here?


So the democrat narrative is becoming clear. Despite the Dems having control of the legislature for decades and having sporadic control of the Governor’s seat it’s not their fault that the pension system went unfunded and it’s certainly not their fault the system has gone beyond the point of saving. No, no, no, the fault is Christie and only Christie.

I think Christie is a massive SOB but if the NJ Dems are looking for who is at fault for the pension systems unavoidable collapse the best place to start is with a mirror.

Posted by Hoboken_Guy on July 10, 2014 at 12:28 am

A perfect illustration of this mindset appeared today as Sen. Linda R. Greenstein (D) representing the 14th Legislative District and serving on the Senate Budget and Appropriations Committee had an opinion piece in the Trenton Times where she trotted out every sanctimonious piece of blather in the democratic playbook on the pension issue:
Continue reading

Follow

Get every new post delivered to your Inbox.

Join 221 other followers