Has Christie Jumped the Shark?

Reading between the lines of this Chicago Tribune article it looks like he’s toast politically.

Nobody wants to be seen with him

Like his mentor George W. Bush, who may want to help Republican candidates, being seen with them is not considered helpful.  So with Christie who who came to Illinois to help the Republican candidate who happened to have other priorities:

Rauner was not at the event because he was taking his son to college. Campaign aides would not disclose the location of the candidate. Christie said he dropped off a daughter at the University of Notre Dame on Sunday.

I have dropped off a child at college and there is no set arrival time, not much time needed to make the drop (outside of maybe the trip there and back) and, in my experience, not much of an effort by the dropped-off child to extend my stay and mingle once the drop off has been effectuated.  The process should not interfere with being able to make a photo op with someone you wanted to have a photo op with.

As safe an audience as possible

Campaign staffers!  No rally in the park.  No auditorium rental.  Rather, moving around a few chairs and….

Christie appeared at a rev-up-the-volunteers meeting at Rauner’s 24th floor downtown campaign headquarters where the New Jersey governor lashed out at Quinn and warned of Democrats using “every trick in the book” to help the governor win re-election.


.

Nothing to say of importance:

“Now I see that the courts ruled that the Libertarian candidate (for governor) can be on the ticket but the Green Party candidate can’t. Another really interesting development. I said to a group of people this morning, ‘You people in Illinois make New Jersey people blush.’ I mean, this is really, just unbelievable right?”

A point easily dismissed as hypocritical back home.

Because the issues of importance have turned into train wrecks over his five years:

And this hour Mike Ross, Democratic nominee for governor of Arkansas, sent out this statement after Chris Christie made campaign stops in Arkansas on behalf of Asa Hutchinson in the governor’s race.

“Congressman Hutchinson is so desperate to distract from cheating on his own taxes that he’s willing to stand side-by-side with a scandal-plagued New Jersey politician as he smears and attacks my wife and me – and does so with false allegations completely debunked by the Arkansas Democrat Gazette and the U.S. House Ethics Committee. Congressman Hutchinson has been running for statewide office for nearly 30 years, but he has never sunk this low to win an election, and I pray he has a change of heart.”

 

It’s not clear from the statement whether the sinking to a new low refers to the false allegations or the standing side-by-side with Christie. There was no information on the nature of the allegations but we in New Jersey have a pretty good idea of Christie’s nature which makes either interpretation equally as likely to us.

58 responses to this post.

  1. Posted by Anonymous on August 28, 2014 at 1:27 am

    Because the issues of importance have turned into train wrecks over his five years:

    Pension and benefit reform: It’s a problem but we now have a study panel that may even release a report some month
    Fiscal condition: 50th out of 50 states
    Atlantic City: Casinos closing and a city devastated
    Ethics Reform: don’t ask
    Great news! TL agrees with 75 percent of this!!!!!!!!!!!!!! ha!

    Reply

  2. Posted by Anonymous on August 28, 2014 at 9:13 am

    This also happens in Florida, Christie has come down a few times and Governor Rick Scott has run in the other direction. Smart move considering the number of NJ transplants here.

    Reply

    • There’s an element of Union protest, some staged and some legitimate since if I were a NJ retiree with my COLA taken away and the rest of my pension on the chopping block I would be angry. But bottom line I see Christie as a failed governor because he knew how to get elected but had no idea what to do when he got there except continuing the pay-to-play ways that got him in office.

      The delusions of competency he came in with are not fooling most people now, maybe not even himself.

      Finally got to the video that is summing up his situation more than ever:

      Reply

      • Posted by bpaterson on August 29, 2014 at 11:27 am

        JB1 a quote from you: “But bottom line I see Christie as a failed governor because he knew how to get elected but had no idea what to do when he got there”…has there been a NJ elected governor that actually did have an idea. McGreevy, maybe, with his insurance plan, inspection and ezpass fixes, but he sold out the state also just to get it in place. The rest in the last 30-40 years were just continuation of train wrecks.

        Reply

  3. Posted by Tough Love on August 28, 2014 at 10:08 am

    John, You make it sound like if he were only “competent”, everything would be well on the way to REALLY being “fixed”.

    Isn’t that view ignoring the Public Sector Unions’ lack of ANY (even modest) offers to give back the excesses in their pension & benefit promises (vs their Private Sector counterparts). If the Unions won’t budge, and the Democratic Legislature won’t go along with MATERIAL reductions, “competence” won’t help.

    If you recall, the Local Tax-increase cap that Christie pressed for (but which the Unions fought and the Democrats would not agree) was for a 2.5% cap INCLUDING increases in pensions & benefit costs. THAT would forced the issue by putting such pressure on Local Gov’t budgets that the Local Gov’ts Officials and Citizens would have DEMANDED the very material reductions in pensions & benefits for the future service.of CURRENT workers.

    The final 2% tax-increase cap was better than nothing, but peanuts compared to what Christie wanted.

    Reply

    • It’s with his pension initiatives that I can really see the incompetence coming through (his and his people’s). He seems to have taken seriously that there was a $40 billion problem when it was really $150 billion and he flubbed his one chance at reform. For the other stuff I guessed he operated similarly but wasn’t sure but now…..

      1) On the tax cap with so many holes, primarily through shifting to debt, that it made things much worse;

      2) On Atlantic City which was supposed to be reborn with Revel but is turning out much worse;

      3) On budgeting in general.

      4) Bridgegate which exposed his management style (either Machiavellian or Ostrich depending on if you still believe him)

      The failures have not only been miserable but monumental and I’m sure people who were honest brokers could have seen it coming. (I could with pensions.) Christie couldn’t (or wouldn’t) and this is what we get.

      The problem though is beyond Christie. If he were competent and tackled pensions honestly he likely would never have gotten elected since the solutions (i.e. doubling property taxes, cutting all benefits 70%) have no constituency.

      Reply

      • Posted by Tough Love on August 28, 2014 at 12:15 pm

        Quoting … :”He seems to have taken seriously that there was a $40 billion problem when it was really $150 billion and he flubbed his one chance at reform.”

        It’s a good (but unanswered) question whether he had substantive input that the “official” underfunding of $40 Billion was WAY understated (with more reasonable :”best estimates”).

        PERHAPS if he knew $150 Billion WAS the best reasonable estimate, he might have undertaken a vast educational initiative directly to BOTH the Citizens of NJ and it’s Public Sector workers (as did RI’s treasurer Ms. Riamondi).

        But somehow, repeatedly seeing the insatiable greed and arrogance of the Public Sector Unions/workers, and the desire of the Democratic Legislature to keep Union campaign contributions flowing, I doubt he could have accomplish anything anyway.

        The Unions have their heels dug-in, insisting that their excessive “promises” be kept w/o even minor givebacks for the future service of CURRENT workers, and with a Taxpayer-be-damned attitude.

        We’ll see how that works out for them in short order.

        Reply

      • Posted by bpaterson on August 29, 2014 at 11:31 am

        JB1-two to tango comes to mind. he was fighting the corrupted system set in place. That’s why the first 4 years he kept saying he can’t do it all he needs the help of all of us residents, to get rid of the resistance and roadblocks. Nothing changed so here we continue the same ol same ol and blame CC. Can onyone think of someone in NJ eleced or otherwise that can do what many of us want to be done as listed in JB1’s list? Anyone?

        Reply

    • Posted by Anonymous on August 28, 2014 at 1:09 pm

      Disregard anything TL may say, she has stated she agrees with 75 percent of what John says and I believe her!

      Reply

      • Posted by Tough Love on August 28, 2014 at 1:13 pm

        With employees like you, I little wonder the State and out Cities and Towns are in such a mess.

        Reply

        • Posted by Anonymous on August 28, 2014 at 4:46 pm

          You imbecile when will you learn, the politicians are not your friends!

          Reply

          • Posted by Tough Love on August 28, 2014 at 5:08 pm

            The politicians AND especially the greedy Public Sector Unions/workers are a noose around the Taxpayers’ necks.

            But very soon you will join us with the noose around your necks as your pension and/or benefits get reduced.

    • Posted by Anonymous on August 29, 2014 at 9:50 am

      What Christie want?!!!! What he wanted was to believe that he could really do something when in fact he new he would not. What a bunch of fools to believe politicians especially Chris Christie. You will never learn. Keep complaining, at least that makes you feel better. By the way TL workers have no say what happens between Unions and Politicians. you lie everyday and say that we do.

      Reply

      • Posted by Tough Love on August 29, 2014 at 12:01 pm

        Who do we see at the rallys (with those red shits) demanding “ZERO cuts to our pensions”,. … the “Union”, or the workers ?

        Reply

        • Posted by Anonymous on August 29, 2014 at 1:24 pm

          you idiot those are 100 percent organized by unions. wake up!

          Reply

          • Posted by Tough Love on August 29, 2014 at 1:40 pm

            Lets try this in a way that even you should understand …….

            Sure the FAULT for granting these grossly excessive pensions & benefits lies PRIMARILY with our elected officials (because they couldn’t resist the trade-off of Union campaign contributions and election support for favorable votes on Public Sector pay, pensions, and benefits), and SECONDARILY with your Unions for their insatiable greed, demanding absurdly generous benefits w/o also insisting that they be FULLY funded IN THE YEAR EARNED. … of course they didn’t insist on annual full funding because then there would be no funds available for annual pay raises.

            The upshot of this horsetrading is grossly excessive (and vastly underfunded) pensions for which NOT the politicians, NOT the “Unions”, but THE WORKERS are the financial beneficiaries.

            SO THAT’S where Taxpayers must look to right this wrong…. by very materially reducing (by 50+%) these grossly excessive pension & benefit promises for all CURRENT workers … AND for those already retired if financially necessary WITHOUT raising taxes.

  4. Posted by Anonymous on August 28, 2014 at 1:13 pm

    John, do you have a guess as to when I might get my COLA reinstated which I never did receive since it was taken away 2 years after i retired. Dont receive a COLA before 2 years of retirement. thanks.

    Reply

    • Posted by Tough Love on August 28, 2014 at 1:19 pm

      Yup, “I’m entitled” ……. no matter that Private Sector pensions almost NEVER include COLAs …. and the “share” of YOUR pension assigned to TAXPAYERS is 80-90% of total Plan costs.

      P.S. … I don’t CARE what you were promised, those “promises” having been made by elected officials BOUGHT-OFF with your Unions’ campaign contributions and election support.

      Reply

      • Posted by Anonymous on August 28, 2014 at 4:47 pm

        bwahahahahahahah I just won 10 dollars. I bet that TL would answer to the name of John! this is rich!

        Reply

    • My best guess would be: never. Christie’s people are fighting the Berg case and that could take another couple of years by which time the Alternative Investments might have collapsed and the fund would be full pay-go. I see negotiations to keep pension checks continuing (maybe from a dedicated tax on something like gas) but I also see the unions ceding COLAs as part of those negotiations.

      Reply

      • Posted by Tough Love on August 28, 2014 at 2:02 pm

        What are you hearing with respect to the future service pension accruals of current workers.

        I my opinion, w/o very materially reducing these accruals, we are accomplishing VERY VERY little.

        Reply

        • Haven’t heard anything even off the record as my contact on the pension panel hasn’t answered the last email.

          Future accruals are likely to be the last place they will cut because of that word ‘future’ and if they were to switch to a Defined Contribution plan it would mean money upfront instead of at some nebulous time during some future administration.

          Reply

          • Posted by Tough Love on August 28, 2014 at 5:12 pm

            MORE kicking of the can down the road (by NOT addressing the excessive accruals with material reduction) is just setting us (the workers AND the Taxpayers) up for a BIGGER downfall down the road.

            I’m SURE the Committee members will realize that …. but will they ACT on it ???

          • Posted by Tough Love on August 28, 2014 at 6:05 pm

            A 3%-5% of pay 401K “match” EQUAL to (but no greater) than what Private Sector workers typically get from their employers would easily be manageable by the State, but we BOTH know that with their insatiable greed and “entitlement” mindset, they would never accept “EQUAL”.

  5. Posted by Anonymous on August 28, 2014 at 5:47 pm

    TL come on already, when are you going to stop hoping that politicians will help you out. It isnt going to happen, especially if you keep voting in the incumbents

    Reply

    • Posted by Tough Love on August 28, 2014 at 5:51 pm

      There are no good options, because Public Sector workers are insatiably greedy, and our elected officials are mainly interested in keeping your Unions happy so the campaign contributions will keep flowing.

      I’m sure that looks just fine to you now, but check back in a few year (once we hit pay-go) and let me know how things have changed.

      Reply

  6. Posted by MJ on August 29, 2014 at 6:30 am

    This may sound like a silly question but why are the taxpayers required to fund the public retirement? Why aren’t public workers responsible for their own retirement savings? Why don’t law enforceement employees have to pay into SS just like the rest of us? Health benefits? Pay half the premiums as that’s what most companies require of employees. I don’t know where the publics think the money will come from or why they believe they will retire on someone else’s dime. Whether you like Christie or not at least he is talking about the problems and putting it out there. He should start with is own administration as an example for significant reforms. That would bring some credibility to his sincerity to change things.

    Reply

  7. Posted by Anonymous on August 29, 2014 at 6:57 am

    When Christie leaves, you taxes are going up even if pensions and benefits are cut. Looks like you will be moving out of New Jersey. Good Riddance! Then you can start you bitching in another state all over again. Maybe you should move to another country and see how far your bitching goes there.

    Reply

    • Posted by Tough Love on August 29, 2014 at 8:14 am

      It’s interesting that what YOU consider “bitching” is rightfully arguing that you are NOT “entitled” to generous & free or heavily subsidized heathcare (that no one Public Sector workers get any longer) and pensions ROUTINELY 3x-4x greater in value at retirement than what your private sector counterparts get (with 80-90% of the total cost foisted upon Taxpayers) …. and all while (in the vast majority of occupations you make equal or better “cash pay” alone.

      Reply

      • Posted by Tough Love on August 29, 2014 at 10:38 am

        Correction …. “(that no one Public Sector workers get any longer)” should be “(that no one in the PRIVATE Sector get any longer)”

        Reply

    • Posted by MJ on August 29, 2014 at 8:48 am

      Already sold our house and got more than we asked for it!! Publics bought it so now it is their problem. We will be renting since rentals are plentiful with so many leaving and the monthly rent is less than our monthly taxes! Try to raise the rent and we will go down the street to the next guy. Because we have excellent credit and no debt, we are in the best position ever. Sold our house YES! Leaving, not yet. Wouldn’t miss this show down for the world. In the meantime, you can continue bitching about your impending pension and health care cuts!

      Reply

      • Posted by Anonymous on August 29, 2014 at 9:17 am

        One thing TL never mentions and probably doesnt even know is that state workers are required to join a union and pay union dues, they have no choice in the matter. Also have to pay life insurance premium as well, there is no choice on that either. And when you retire, you lose the policy.

        Reply

        • Posted by Tough Love on August 29, 2014 at 9:53 am

          Ok, so you have no choice in joining a Union in NJ. Is that supposed to explain or justify your grossly excessive (by any reasonable metric) pensions & benefits?

          Your life insurance is likely “Group Term” insurance which while usually ending coincident with employment, it sometimes includes an option to continue coverage individually post-employment. If you are seriously ill or unmeasurable with a continued need for life insurance, you should inquire as to this option.

          Reply

          • Posted by Tough Love on August 29, 2014 at 9:55 am

            Correction above … “unmeasurable” was supposed to be “uninsurable”.

      • Posted by Anonymous on August 29, 2014 at 9:18 am

        wait till you find out how happy your wife is moving often and into terrible neighborhoods just to save money. good luck with that.

        Reply

        • Posted by MJ on August 29, 2014 at 9:55 am

          Wrong again. Moved to a great neighborhood in a nice area. Sorry that your negativity isn’t panning out for you. Oh thats right, you are all stuck here because you have to live here in order to work here at least most of you. Victims of your own greedy and unrealistic expectations that others should pay your way. As far as being forced to join a union and pay dues that again is on you. Work to change it.

          Reply

          • Posted by Anonymous on August 29, 2014 at 1:28 pm

            Hey fool you just said when they raise the rent, which you know they will, you will just move. Well you will be moving closer to the slums every time you move to save money. I live in sunny florida, dont pay rent because I paid for my house and didnt pay for a house in NJ where property taxes are highest in the nation. Enjoy your life in NJ where it is freezing cold with snow for 7-8 months out of the year. ha!

          • Posted by Tough Love on August 29, 2014 at 1:46 pm

            Hope you enjoy the Florida bugs … and watch out for those alligators !

        • Posted by Tough Love on August 29, 2014 at 9:57 am

          Wait till you find out how happy your wife is when she finds out your retiree healthcare is gone and your pension is halved.

          Reply

          • Posted by Anonymous on August 29, 2014 at 3:23 pm

            My wife is not a horrible bitch like yourself. She wouldnt care if I had no money she loves me unconditionally and she also happens to be beautiful. Too bad you dont have a husband or partner who loves you unconditionally. I am pretty sure you are lesbian but nothing wrong with that. There are many more bugs in New Jersey especially mosquitoes with west nile virus. We hardly have any house flies down here which land on dog shit and then land on your food constantly like you have in NJ. I think the lizards eat all most of the insects. By the way, MJ is your little whipping boy, he cheers for you from under your apron. Enjoy the ice, snow and sleet in a few months! lmaoo

          • Posted by Tough Love on August 29, 2014 at 6:20 pm

            Quoting …”My wife is not a horrible bitch …”

            She will be once your retiree healthcare disappears and your pension is halved…. and likely dump you for someone who would have realized that all Ponzi schemes end badly.

  8. Posted by MJ on August 29, 2014 at 10:41 am

    Good one TL, good one 🙂

    Reply

  9. Posted by Anonymous on August 29, 2014 at 12:19 pm

    So if TL is right, the publics eligible to retire should leave and collect while they can. Other publics should start saving like crazy and go look for other jobs, since their pension is toast and they are contributing to a plan they will never collect on. New publics should the work as a temp job, save like crazy, and leave for better opportunities.

    Reply

    • Posted by Tough Love on August 29, 2014 at 12:30 pm

      My thoughts:

      Sentence #1: Plan assets are sufficient to cover 3-5 more years of payments before pay-go (and all hell breaks loose). Leaving now won’t change that.

      Sentence #2: Yes, start saving . Your going to need it with very material pension and/or benefit reductions almost a certainty.

      Sentence #3: Here’s where you are wrong. There won’t be a problem hiring qualified workers. New Public Sector workers will be offered compensation packages (cash pay, and retirement packages … likely 401K-style DC Plans and HSAs for retiree heathcare) EQUAL to what Private Sector workers get in comparable jobs and will still have better job security. Will they have to save mightily if they want a secure retirement? Yes, just PRIVATE Sector workers have had to do FOR DECADES.

      Reply

      • Posted by Anonymous on August 29, 2014 at 4:32 pm

        You should run for governor, if half of what you say is true you will win by a landslide and then run for president and also solve the federal debt. What do you think of the federal debt?

        Reply

        • Posted by Tough Love on August 29, 2014 at 4:52 pm

          Quoting …. “What do you think of the federal debt?”

          The US is dead meat. China & Japan, who up until a few years ago were buying US treasuries at the rate of $20 Billion/month are now net SELLERS. The main BUYER for US treasuries is now the FED.

          Anyone with a financial background knows that that’s the same a printing money. The US BORROWS 40 cents of each dollar it spends that can’t fix that quickly (if at all), but if there is to be a reasonable future for the next generations, we better start soon …. and it’s going to make EVERYBODY miserable.

          Reply

  10. Posted by Tough Love on August 29, 2014 at 1:57 pm

    Thought the readers my like see the comment (see below) I just left on and article here (as it is equally applicable to pensions in NJ and elsewhere):

    http://www.pacbiztimes.com/2014/08/29/after-ventura-county-court-battle-pension-tensions-endure/
    ——————————————
    Mr. Hufford, A few thoughts…………

    (1) where you stated that (per Towers-Watson) 30 of the Fortune 100 still offer pension-style DB Plans to new hires in 2013, I believe your readers INCORRECTLY believe that this means that they offer Plans comparable to those ROUTINELY offered to Public Sector workers.

    That is FAR from an accurate picture for several reasons:

    (a) While PUBLIC Sector Plans are almost always the old-style DB Plans with a pension benefit based on final average salary, years of service, and age at retirement, MOST of the 30 “DB” Plans still offered by the Fortune 100 are “Cash Balance” Plans. While technically and legally “DB” Plans, they look like and function MUCH more like 401k Defined Contribution (DC) Plans with MUCH MUCH less rich benefits than the Traditional-style DB Plans.

    (b) For the few Fortune 100 companies that still sponsor the Traditional-style DB Plans (as well as virtually ALL other corporate-sponsored DB Plans), the Plan “formulas” and Plan “provisions” (such as the full/unreduced age at retirement, whether or not benefits are COLA-adjusted, and what is included in “pensionable compensation”) are ALWAYS much much lower in value upon retirement than those in the Public Sector. In fact, it is accurate to state that PUBLIC Sector DB Plans are always AT LEAST 2X greater in value at retirement than the pensions offered comparable Private Sector workers retiring at the SAME age, with the SAME pay, and with the SAME years of service, MOST OFTEN 3X-4X greater, and for safety workers, OFTEN 4X-6X greater.

    (2) The rules that govern PUBLIC Sector pension Plan accounting and valuation (GASB) are FAR FAR more liberal than those that govern PRIVATE Sector Pension Plan accounting and valuation (FASB, ERISA, IRS Regs.). The upshot is that per Moodys own studies and current procedures to analyze a gov’t entity’s credit worthiness, the “official” Public Sector Pension Plan “funding ratios” are reduced by 25%-33% to get a more realistic percentage (which is comparable and consistent with the procedures that Private Sector Plans MUST use). With these reductions, the roughly 75% “official” Public Sector funding ratios mentioned in this article are in the order of 50%-56%. To put that into perspective, under the Gov’t regulations that govern Private Sector Plans, a funding ratio below 60% is consider SO POOR (and with such an elevated likelihood of Plan failure) that the Plan CANNOT credit any further pension accruals until the Plan’s funding ratio rises above the 60% threshold.

    Valuing Plans using methodology and procedures that yield INFLATED funding ratios materially UNDERSTATES the true expected cost of providing the promised benefits. Whereas Corporate sponsors would have no reason to do so (as any shortfall would have to be made up with increased Corporate contributions), there are several (all BAD) reasons why using procedures that yield INFLATED funding ratios is ROUTINE in the valuation of PUBLIC Sector Plans:

    (a) the Politicians/ Elected Officials that approve PUBLIC Sector Plans are NOT spending THEIR OWN money (as does a Corporate Plan sponsor). They are spending the TAXPAYERS’ money.

    (b) by hiding the true cost of current pension promises, the cost to current annual budget is lower making more money available for these officials to spend and ingratiate themselves with their constituents. Of course paying LESS than the appropriate amount TODAY means that you are deferring costs to future years … some of which will (unfairly) be paid by future generations that did not benefit from the services provided.

    (c) hiding the true cost and therefore making more money available for current spending enables elected officials to grant wage and benefit increases to Public Sector workers (further exacerbating the problem of unfunded Pension Plan liabilities). These wage/benefit increases also ingratiate the politicians with the Public Sector Unions & workers, virtually guaranteeing their re-election to office. And the cycle repeats ………….

    Reply

  11. Posted by MJ on August 29, 2014 at 5:08 pm

    So I ask again, why are we as taxpayers responsible for the retirements and health benefits of the public ticks if it is detrimental to our well being?

    Reply

    • Posted by Tough Love on August 29, 2014 at 6:26 pm

      Not that we “SHOULD BE” (to any greater extent than Private Sector employers are responsible for THEIR employees’ retirement), but we “ARE” because our (self-interested, vote-selling, contribution-soliciting, taxpayer-betraying) elected officials traded their favorable votes on Public Sector pay, pensions, and benefits for campaign contributions and election support.

      In any other venue, such horse-trading would be criminal.

      Reply

    • Posted by Anonymous on August 30, 2014 at 12:03 am

      See how what a wicked sob you are, you wish those sort of things on people. You really are mean to the bone. I actually feel sorry for you since you have to wish misfortune on others to make yourself feel better.

      Reply

    • Posted by Anonymous on August 30, 2014 at 12:04 am

      Next you want a letter to reach it destination, why not ask yourself the same question, why should I pay for this. Or next your road is full of potholes and they break your axle, just tell yourself it was a good decision not to pay taxes.

      Reply

      • Posted by Tough Love on August 30, 2014 at 12:32 am

        It’s (mostly) not the “cash pay”. It’s the Union/Politician COLLUSION that has resulted in grossly excessive (by ANY reasonable metric) pension and benefits.

        Reply

      • Posted by MJ on August 30, 2014 at 5:53 am

        Most cities and towns have to bond or borrow money to fix roads and repair infrastructure bc the public salaries and benefit costs eat up most of the regular budget. That borrowed money has to be paid back with interest over time thus adding to the already strained system. Again, the reason there is not much money left over for improvements is bc the public costs are sucking us all dry.

        Reply

  12. Posted by Anonymous on August 30, 2014 at 7:48 am

    TL agrees wholehearted with the last sentence of your post.

    Reply

  13. Posted by Anonymous on August 30, 2014 at 10:25 am

    remember that when pensions are cut and there is still no money. at least you will fee good that other people have been hurt.

    Reply

    • Posted by Tough Love on August 30, 2014 at 11:44 am

      Not at all, I will feel very good with the elimination of only the EXCESSIVE (unjustified) share of your pensions & benefits … hopefully with the re-set making them EQUAL to what comparable Private Sector workers get. It’s only a “hurt” by reference to a level that was NEVER reasonable, appropriate, justifiable or sustainable.

      Why do you have such a problem with EQUAL? Greed ?

      Are you “special” and deserving of a better deal (right NOW, a MUCH MUCH MUCH better deal …. multiples greater), 80%-90% on the Taxpayers’ dime ?

      Reply

  14. Posted by Javagold on August 30, 2014 at 5:40 pm

    BUY GOLD !!! and tell a public taker, you are not working for those parasites any more

    Reply

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