Following the PAC

Governor Chris Christie is now the honorary chairman of a Political Action Committee to which you can make donations that “are not tax deductible as charitable contributions for federal income tax purposes” (though they may be deductible as business expenses if you have business with the state of New Jersey) with the ironic theme of ‘leadership matters‘ which naturally raises the question of where Chris Christie’s leadership has led New Jersey.

The PAC’s website outlines the problems:

America has been a nation that has always controlled events and yet today events control us. Why? Because leadership matters. It matters if we want to restore America’s role in the world, find the political will to take on the entrenched special interests that continually stand in the way of fundamental change, reform entitlement spending at every level of government, and ensure that every child, no matter their zip code, has access to a quality education.

Interpreting:

  1. bust the unions
  2. gut pensions
  3. flood school districts with money unless it’s spent on teacher salaries or pensions (no-bid contracts to PAC donors OK)

Where would Christie’s leadership lead the country?  Let’s see where it led:

  • Atlantic City: The arrival of an emergency manager triggered a six-notch downgrade by Moody’s Investors Service Friday to Caa1 from an already junk-bond level Ba1.
  • Newark schools: in crisis
  • New Jersey’s bond rating: down
  • Public Pensions: still waiting for that handpicked study commission to provide their opinion*

So where is this leading?

christie yelling
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* Which might very well have already been provided but it was not the opinion that Christie was anticipating so he could have asked for a second opinion leaving the committee without much to come out with unless they go for snarky and title their report: “You’re Still Fat”

 

5 responses to this post.

  1. Posted by dentss dunnigan on January 26, 2015 at 4:51 pm

    Another question on the merging of pensions .The states pensions with the towns …could this be a precurser to declare baknruptcy .We know the state can’t but the municipalities can .Heaping the pension burden on towns would surly do exactly that and pave the way to legaly go BK …..

    Reply

  2. Posted by Tough Love on January 26, 2015 at 6:32 pm

    John, your #s 1 and 2 are WONDERFUL goals ….

    NJ’s Public Sector Unions are a CANCER inflicted upon NJ’s Private Sector Taxpayers.

    You left out the relevant adjectives:

    Bust the (CANCEROUS) Unions

    Gut the (Grossly Excessive) pensions

    Reply

  3. Posted by fruckoffunions on January 26, 2015 at 9:39 pm

    FAT PENSIONS are far worse than a fat governor. Can’t wait for NJ to go DETROIT

    Reply

    • Posted by Tough Love on January 26, 2015 at 10:49 pm

      No, I want NJ to flourish, and doing so requires flushing the current grossly excessive Public Sector DB Pension Plans down the toilet.

      Reply

  4. Posted by Tough Love on January 26, 2015 at 10:47 pm

    Interesting perspectives on the Public Sector pension crisis from Wharton:

    http://knowledge.wharton.upenn.edu/article/underfunded-pensions-tackling-an-invisible-crisis/

    Reply

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