Christie’s Demurral

Nine people with a dilettante’s knowledge of Middle East politics debated Middle East politics for most of the two hours CNN allocated for them to little effect.  For me, the highlight:
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Christie chose to ignore the insinuation though, with more time and reflection, Rand Paul could have tightened the noose:

For a candidate running exclusively on his ability to keep the country safe (since running on his record or his looks is out of the question) it can be argued that he was the one who engineered the last successful terrorist attack in New Jersey and, if Christie were to continue to disavow any Bridgegate involvement, he paints himself (as Paul Mulshine noted) a dolt:

Here is a candidate who claims he has the skill and experience to sniff out conspiracies in faraway places among people who speak Arabic or perhaps Farsi.

Yet here is a candidate who failed to sniff out a conspiracy that was hatched a few doors down from his office by people who speak perfect English.

If we take Christie at his word, he is too inept to  figure out what’s going on in the streets of Bergen County – yet he considers himself capable of finding out what’s going on in the back alleys of Beirut.

 

62 responses to this post.

  1. Posted by Anonymous on December 16, 2015 at 6:24 am

    I guess Trevor Noah is right about American Domestic Terrorist,, Christie is an active member of ” white Isis”. Latest report CC is taking a 4 day bus tour of NH, seriously is he still an employee of the State of NJ? Isn’t there a ethics code regarding employment? He really should resign, the state needs a honest focussed leader.

    Reply

  2. Posted by Anonymous on December 16, 2015 at 7:56 am

    Tender Loving is Christie’s representative in NJ while the Honestly Gubenator is occupied elsewhere. Thank you for your shill service TL. Well compensated I’m sure.

    Reply

    • Posted by The Resident Nutcase on December 16, 2015 at 8:19 am

      Notice she has once yet to mention the waste this governor has caused on his personal agendas!! Can’t take any of this crap serious. She will sit here and vilify those that actually work in the state…. Yet allow the guy with a “do as I say, not as I do attitude” to milk the state for millions for doing absolutely nothing!
      Wish she would spend 1/10 of her venom on that issue……
      Just another reason to take nothing she cries about seriously.

      Reply

  3. Posted by Anonymous on December 16, 2015 at 9:45 am

    Our Governor is NJ’s Commander in Chief and has sole ownership of his failed Pension reform. Remember Obama couldn’t keep blaming Bush for having to deal with the Great Recession. Clearly the Governor’s decision to not negotiate in good faith when the Pension payment bill came due didn’t work. Bad for everyone, yes TL especially PWs.

    We can only expostulate how things might have gone if ??????? but that would only be pure supposition …….

    Reply

    • Posted by The Resident Nutcase on December 16, 2015 at 10:11 am

      Things would be far….. Far better today if the state made the required payments over the past decades in full. We would not have as much debt, we would be not having this conversation. TL would be fighting some other battle over something she doesn’t receive, yet things she should!
      Coulda..Shoulda….woulda!!

      Reply

      • Posted by Tough Love on December 16, 2015 at 12:55 pm

        No …… if the pension & benefit GENEROSITY granted NJ’s Public Sector workers was never greater than that granted comparable Private Sector workers (by their employers) we DEFINITELY would not be having this discussion today.

        “Funding” requirements FOLLOW FROM (and in DIRECT PROPORTION TO) Plan “generosity” …. and THAT (grossly excessive “generosity”) is the ROOT CAUSE of the problem.

        Reply

        • Posted by Anonymous on December 16, 2015 at 4:48 pm

          Cut those pensions and that will save the United States from the Terrace, TL knows what she’s talking about not!

          Reply

          • Posted by Tough Love on December 16, 2015 at 7:27 pm

            Yup, will definitely be saved from the Terrace . and the Cliffs, the Hills, and the …….. goons, goblins, and zombies.

  4. Posted by Tough Love on December 16, 2015 at 12:51 pm

    WOW, noting the comments ….. trying to DISTRACT readers from (the REAL issue on the table) the $100+ BILLION Public Sector pension/benefit rip-off of NJ’s Private Sector Taxpayers …..the insatiably greedy Public Sector minions are out in force today.

    Reply

    • Posted by Anonymous on December 16, 2015 at 1:37 pm

      Filet mignons?

      Reply

    • Posted by The Resident Nutcase on December 16, 2015 at 2:00 pm

      Sorry, but you’re wrong TL! It’s really just as basic as 3rd grade math! If one entity fails to make the required payments… There’s no way…. If left for decades…. That…that which should have been paid…. Will be able to pay…. That which it was intended to pay for. Lol!!
      The state caused this problem because they failed to make the required payments!!! You simply cannot dispute that which is fact!!!

      Reply

      • Posted by Tough Love on December 16, 2015 at 3:50 pm

        Taxpayers have already contributed toward YOUR Public Sector pensions as much as Private Sector employers have contributed towards THEIRS.

        You are NOT “special” and entitled to a better deal on the Taxpayers’ dime.
        ——————————————-

        If you want bigger pensions and better benefits, pay for it YOURSELF !

        Reply

        • Posted by The Resident Nutcase on December 16, 2015 at 8:27 pm

          Wow…TL’s avatar changed from red to green…. Let’s see her wiggle her way outta this one.
          She’s the one claiming people use various screen names as on person….

          Reply

          • Posted by Tough Love on December 16, 2015 at 9:00 pm

            Initial comments were posted from out of the office …… it’s not complicated.

          • Posted by The Resident Nutcase on December 16, 2015 at 10:39 pm

            Yet you destroy anyone else with a anon avatar that changes colors. Just trying to ruin your credibility with the truth of your hypocrisy…. Is all

          • Posted by The Resident Nutcase on December 16, 2015 at 10:40 pm

            And apparently have time while at work in your cushy private sector job to play on the Internet. More hyporicy.

          • Posted by Tough Love on December 17, 2015 at 12:45 am

            Maybe I’m …. the “boss”.

  5. Posted by dentss dunnigan on December 16, 2015 at 1:31 pm

    More proof our government workers are millionares and the taxpayer is supposed to support them ….http://www.usatoday.com/story/money/markets/2015/12/16/retirees-1-million-tread-water/77381982/

    Reply

    • Posted by Anonymous on December 16, 2015 at 1:36 pm

      Only in your future value mind not in the current net worth definition of millionaire!

      Reply

    • Posted by Anonymous on December 16, 2015 at 1:42 pm

      More of your 1% hogwash…….

      Reply

      • Posted by dentss dunnigan on December 16, 2015 at 3:22 pm

        Oh really ….so in your world how much do you need to invest in this zero interest rate world do you need to receive 35K a year ? …..let us all know ….

        Reply

        • Posted by Tough Love on December 16, 2015 at 4:36 pm

          dentss dunnigan,

          Pity him. He’s struggling to come to terms with the FACT than his retiree healthcare is DEFINITELY “toast”, and very likely half his pension as well.

          Greed HAS consequences.

          Reply

          • Posted by Anonymous on December 16, 2015 at 6:58 pm

            Well it is sobering. After being in an untouchable bubble for decades and not taking any responsibility for their own early retirements I would be struggling to come to terms too

          • Posted by Anonymous on December 16, 2015 at 7:00 pm

            Double talking liar takes Gov to know one. First this, then that, then something else. Private sector BS, is this how you bilk your customers to attain wealth! Selective free market mumbo jumbo.

        • Posted by Anonymous on December 16, 2015 at 5:42 pm

          Depends need to know age, sex, and if applicable beneficiary’s age and sex – but hey you 1% don’t need to worry about that.

          Reply

  6. Posted by Anonymous on December 16, 2015 at 7:31 pm

    I can see you anti public’s REALLY had your voice heard during the recent Assembly elections – 4 seats lost. Senate next, then Governor, get ready or get the F out!

    Reply

    • Posted by Tough Love on December 16, 2015 at 8:16 pm

      It’s a “MATH” problem ……. NJ’s Public Sector pensions & benefits are “toast” ….. and NJ’s Union-BOUGHT Democrats can’t create the HUGE amount of funds necessary to stop it.

      Reply

      • Posted by Anonymous on December 16, 2015 at 8:48 pm

        Read my lips, “Constitutional Amendment” which will enforce the intentions of c.78! Undoudtely non vested will be looking at a DCP or significant reduction to DBP accruals. Health care coverage reduction to solid gold and increased premium share.

        Reply

  7. Posted by Anonymous on December 16, 2015 at 8:04 pm

    http://m.watchdog.org/?url=http%3A%2F%2Fwatchdog.org%2Fcategory%2Fpensions-issues%2F&utm_referrer=#2832

    IF your majority assertion against public’s is true then WHY didn’t at least some of these numbskulls get voted out? I know more BS excuses forthcoming……

    Reply

    • Posted by Tough Love on December 16, 2015 at 8:26 pm

      Why should we ? Right now the Taxpayers are minimally actually PAYING towards your ludicrously generous pensions (THANK YOU Gov. Christie !).

      When your Plan assets run out (in 5 yrs for State Plans, maybe 10 yrs for Local Plans), and (under the very remote chance that your pensions & benefits are NOT materially reduced) and they try to raise taxes by the $10+ Billion it will take to CONTUINUUE paying retires (on a pay-as-you-go-basis) …… you will INDEED be seeing Taxpayers come out of the woodwork in droves ……. and your Democratic Legislative “friends” will throw you the bus forthwith.

      Reply

  8. Posted by Sean on December 16, 2015 at 11:02 pm

    Over the past decade, I have studied many economic bubbles. Don’t know why, but I find it to be a most fascinating look into the human psyche. There have been thousands of bubbles throughout history, yet all of them have very similar patterns of human behavior. One of these commonalities is that those who are benefiting from the bubble seem to stubbornly remain willfully ignorant of the possibility of the bubble bursting. “It’s different this time because…” (fill in the blank). Anyone dissenting from their viewpoint is a “hater,” a “gloom and doomer,” an “enemy of the common good” and so on. As the bubble keeps inflating, the beneficiaries grow complacent, even arrogant, lulled into the confident belief that, what is reality today, will be reality tomorrow. Things will always stay this way (aka recency bias).

    Slowly, almost imperceptibly, cracks start to form, but still, the beneficiaries aren’t listening. That which IS, will always BE.

    When the bubble finally does implode, the end comes swiftly and decisively, striking fear and panic into the hearts of the beneficiaries. Years and years of buildup begin to unravel at warp speed. When it finally happens, there is no doubt in anyone’s mind as to what happened. It’s over.

    I can say with complete confidence that anyone who things public pensions will survive simply has no clue as to the magnitude of the problem.

    Public pensions are a bubble. Every bubble implodes. No exceptions.

    So, when all of the Anonymous brothers reply with their standard Goonspeak, know for sure that not one of their remarks can do a thing to save them from their fate. No matter how many times they find a Santa Claus to put into office to tell them what they want to hear, their Santa Claus cannot save them from their fate. And when this all comes to pass for this particular bubble, there will be no need to feel sorry for them. Like the recipients of the past…they brought it upon themselves.

    Reply

    • Posted by The Resident Nutcase on December 16, 2015 at 11:44 pm

      Yeah… Except the constitution which guarantees a pension to public employees….. Just that really.

      Reply

    • Posted by The Resident Nutcase on December 16, 2015 at 11:45 pm

      What a waste of like 6 paragrapgs💤💤💤

      Reply

    • Sean – I agree with your prophecy. However, the drones do have a legitimate beef that the State has not made anything close to the required contributions to the various pension funds for many years. That begs the question that if the plans had been reduced to rational levels (retirement ages and amounts of benefits) then the underfunding would not have been as bad. Max payout of $60k per annum (regardless of number of “dips” and no payments at all before age 66 and the bulk of the problems are solved. Of course the drones would never even discuss anything like that so let the bubble burst and they all get screwed.

      Reply

      • Posted by Sean on December 17, 2015 at 12:23 am

        To Drone: Right. I agree with your assessment. Remember, unions only know one word: MORE. They only agree to cuts after it is far too late.

        To the Resident Nutcase: “Yeah… Except the constitution which guarantees a pension to public employees….. Just that really.”

        Like I said, EVERY recipient of every bubble says, “This time is different because…” (fill in the blank). Laws and promises do not create money. Sooner or later, the money runs out. Then, the politicians will change the laws and promises to paper it all over. EVERY bubble implodes. No exceptions. Sorry.

        Reply

      • Posted by Tough Love on December 17, 2015 at 12:58 am

        PSDrone, The real question is ……. Would Taxpayer contribution have been sufficient to fund their share of a pension EQUAL TO (but no greater than) those typically granted comparable Private Sector workers?

        Taxpayers certainly have been paying nowhere near the calculated ARCs, but with Public Sector pensions ROUTINELY 3x-4x (4x-6x for Safety workers) greater in value at retirement than those of their Private Sector counterparts, it’s quite possible that Taxpayers have actually paid in MORE than an APPROPRIATE ‘fair share”.

        Reply

    • Posted by Tough Love on December 17, 2015 at 12:52 am

      Quoting Sean …. “And when this all comes to pass for this particular bubble, there will be no need to feel sorry for them. Like the recipients of the past…they brought it upon themselves.”

      Indeed, via their insatiable GREED and arrogance towards (and disdain for) Private Sector Taxpayers.

      Reply

  9. Posted by truthnolie on December 17, 2015 at 3:46 am

    PSDrone “the State has not made anything close to the required contributions to the various pension funds for many years. That begs the question that if the plans had been reduced to rational levels (retirement ages and amounts of benefits) then the underfunding would not have been as bad.”

    Interesting one sided take you have on it…..

    How about “if the State had made the required contributions every year as they were supposed to then the plans would be in good shape and the underfunding would not have been nearly as bad……and since not only was the money not put in but the compounded interest on that money never accrued due to such non contributions.”

    BTW…employees never had the chance to just stop paying into it.

    Reply

    • Posted by Tough Love on December 17, 2015 at 3:53 am

      Nonsense, as I stated above….

      ““Funding” requirements FOLLOW FROM (and in DIRECT PROPORTION TO) Plan “generosity” …. and THAT (grossly excessive “generosity”) is the ROOT CAUSE of the problem.”

      Reply

    • Rational plans should have been funded, but these have been not rational plans for decades. In pre-ERISA DB plans in the private sector, the expected working life was at least 40 years (25 to 65), not 30, and the expected payout commencement was at age 65, not 52 or 55 or 58. Not only that, the average life span is longer now. Add it all up and you have pension funds that are going to run dry.

      Reply

      • Posted by Tough Love on December 17, 2015 at 9:13 pm

        PSDrone,

        (1) Your points are right-on-the-money, but you omitted 2 important ones re PUBLIC VS PRIVATE Sector DB Plans:
        (a) the “typical” formula factor (per year of service) is roughly 1.25% to 1.5% in the better Private Sector Plans vs 1.5% to 2.5% in the Public Sector for non-Safety workers, and 2.5%-3% for Safety workers, and
        (b) While Public Sector Plans almost ALWAYS include annual COLA increases, annual COLA-increases are almost unheard of in PRIVATE Sector Plans. This ONE difference increases the “value” (and hence “cost”) of PUBLIC Sector Plans by 25% to 35% over that of an otherwise identical Plan without COLA-increases.

        (2) Average Life expectancy increases by just about 2 years per decade

        Reply

        • So to convert the irrational plans to rational lets retrospectively reduce the accruals in the public plans to 1.25% – 1.5% (like the “better” private plans) and the plan funding issues will be significantly reduced.

          Reply

          • Posted by Tough Love on December 17, 2015 at 10:57 pm

            Would be nice … and justifiable/deserved ….. but a retroactive reduction is not really a viable option.

            At this (terrible) juncture, I just want ALL of NJ Public Sector worker DB Plans FROZEN (ZERO future growth) and replaced for future Service with a MODEST DC Plan, and the taxpayer subsidy towards their ACTIVE and RETIREE healthcare reduced ALL THE WAY to what Private Sector workers typically get from THEIR employers…… noting that’s it’s almost always NOTHING for Private Sector retirees.

            EQUAL …. but NOT better !

  10. Posted by Anonymous on December 17, 2015 at 8:16 am

    Let’s cut to the chase.

    Things can’t and won’t continue under the status quo. This includes future pension benefits, current health benefits, and last but not least funding payments.

    But if anyone believes that the politicians (R’s & D’s) are so self serving, then the reduction of pension benefits earned to date would require cleaning house in Trenton. Impossible given the most recent election results.

    Doesn’t stop us from PSDroning on, but Tough Luck Sean!

    BTW Sean anyone that studies bubbles as you’ve indicated already has their hands in the till. Financial Sector leech, deny it as your counterparts do but it’s clear to other readers.

    Reply

    • Posted by Anonymous on December 17, 2015 at 8:31 am

      Got that right and here’s another bubble getting ready to burst. Taxpayer holiday for nonpayment of ARC but as the so called “expert” mentioned we already know they’re stubbornly and ignorantly denying the inevitable?

      Oops I forgot their narcissistic double standard, this rationale doesn’t apply to them.
      Go figure more of the same from the insane!

      Reply

  11. Posted by Anonymous on December 17, 2015 at 9:37 am

    The GOP and anti public’s to peas in a pod leading us into WWIII and the next Great Recession. Shoot down Russian planes, carpet bomb the enemy and let the pension funds fail! This reckless approach will inflict serious damage on their intended targets. But it’s the collateral damage that’s nearly impossible to manage, just like the ensuing fallout. Bombs away, let’s get ready to tumble!

    Reply

  12. I’ll say it again….if there was enough money to pay into the pensions to keep the “promise” made it would have already have happened or would have been happening through the years. Lots of blame to go around, lots of unfairness to go around but bottom line is that the “promise” is too far gone. These corrupt, immoral and imbecilic politicians care only about themselves and getting votes, not about publics, privates or anyone in between. There is no money of they just would have paid since it seems they can do whatever they want anyway. Now they are grasping at straws as the scheme seems to have taken on a life of its own.

    Reply

    • Posted by Tough Love on December 17, 2015 at 11:22 am

      Quoting …… “These corrupt, immoral and imbecilic politicians care only about themselves and getting votes, not about publics, privates or anyone in between.”

      Right on the money in identifying the “enablers” of the mess we are in, but for completeness you should have included the Public Sector Unions/workers (along with “politicians”) …. because of their insatiable greed and arrogance/disdain for NJ’s taxpayers.

      Reply

  13. Posted by Sean on December 17, 2015 at 11:33 pm

    Quoting one of the Anonymous Brothers:

    “reduction of pension benefits earned to date would require cleaning house in Trenton. Impossible given the most recent election results…Doesn’t stop us from PSDroning on, but Tough Luck Sean!”

    Right. So the illusion that you and your pals are harboring is simple: As long as we can keep putting another Santa Claus in these legislative seats, the dream will stay alive. Keep dreaming. I will say this in language that you and your pals can understand.

    It. Doesn’t. Matter.

    Put Ronald McDonald in there if you want.

    It. Doesn’t. Matter.

    Laws of man are NO MATCH for the laws of nature. Mathematics will win. Every time. No one escapes the math. No one. And the nonsense you and your buddies spew forth is nothing more than whistling in the dark as an attempt to bolster your own confidence. It is also proof positive that you do not have a true grasp of the magnitude of the problem. But you will find out.

    “BTW Sean anyone that studies bubbles as you’ve indicated already has their hands in the till. Financial Sector leech, deny it as your counterparts do but it’s clear to other readers.”

    I served in the military. I worked at the Food and Drug Administration. I was a high school English teacher, and am still a state certified teacher. See a pattern? PUBLIC SECTOR experience. None of you are ever going to shine me about this crap, ok?

    Currently, I work with the developmentally disabled of our society, if you must know.
    (And on these blogs, I work with the mathematically disabled)

    Financial Sector leech? I don’t think so.

    I am truly disappointed though. I was hoping you were going to accuse me of working for the Koch brothers.

    So, maybe you are not quite as smart as you think?

    Reply

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