One-Man Drool

Republicans in the New Jersey Legislature are reduced to tweeting to air frustrations:

What we are getting from this nonsense is record spending, record taxes, record debt, and even a return to record covid cases, as even leftists notice:

California cut $11 billion from its budget, hitting colleges and affordable housing programs. Georgia cut spending by 10 percent, pulling back spending on preschools and programs for the disabled. Tennessee lawmakers cut $1 billion, including transit programs.

New Jersey is charting a different course, increasing overall spending by 4 percent, and kicking off a new program to send checks to nearly 1 million households next summer, worth up to $500 a pop.

If we are outliers on spending, we are also outliers on borrowing.

So far, just one state has tapped into the Federal Reserve’s loan program for help. That’s Illinois, the only state that’s a worse basket case than New Jersey, with an even lower credit rating. And Illinois borrowed $1.2 billion with an agreement to pay it back in one year, a trifle by our standards.

New Jersey is about to borrow $4.5 billion, with a promise to pay it back over 12 years. That will cost us about $450 million a year, considerably more than the new millionaires’ tax will raise.

The Democrats, folks, are off the leash.

Even the party’s budget chairman, Sen. Paul Sarlo, seemed a bit embarrassed by the lack of discipline. “There is a point in time where we need to stop taxing and to do reforms,” he said, after a decade with the gavel. “We’re at the tipping point.”

…..

Still, I worry. New Jersey is borrowing much more than any other state, and they have pandemics, too. Pew Charitable Trusts studies state finances, and its experts told me that a few other states are considering borrowing, including Rhode Island and Massachusetts. But most are avoiding debt by drawing down surpluses, cutting spending, or raising taxes.

……

“Borrowing money to pay for operating expenses is unusual,” says Josh Goodman, a senior officer at Pew.

Even Blinder and his fellow liberal economists didn’t go as far as this budget. They cautioned against cuts, but they didn’t suggest a tax rebate program that will cost nearly $400 million more a year.

….

The tax credit program is monstrously designed. Working poor families won’t get a dime; this is all for the middle-class. And single parents won’t get as much as married couples.

Coughlin concedes this didn’t come from economists or policy experts in the Legislature, but was the work of elected politicians. “That’s true, it came from the political side,” he said.

And it is great politics, even if it is sloppy policy. What pressured middle-class voter won’t feel more kindly towards Democrats next year when that $500 check arrives? And with the big surplus, and the borrowing, it’s unlikely that Democrats will have to raise taxes or impose big spending cuts next year before the election.

“You could call it a political budget because it’s the re-election budget for Murphy,” Sarlo conceded. “But it’s like a two-year budget and that’s important. If there’s another round of Covid, or the economy doesn’t rebound as fast as it should, we have enough safeguards.”

50 responses to this post.

  1. Posted by geo8rge on September 27, 2020 at 11:56 am

    “$500 check arrives?” That’ll cover 1 week’s rent. Why not reduce income tax by $500 to save the trouble of cashing a check? Getting a $500 might actually make voters hostile.

    Reply

    • Posted by Tough Love on September 27, 2020 at 12:07 pm

      Why not reduce Taxpayers subsidies towards Public Sector retiree healthcare to what Private Sector retirees typically get from their employers, which in the vast majority of cases is ……. NOTHING.

      Oh … “but they were promised”. ]

      So were Private Sector workers at one time, but it was (and still is) legal (and quite ROUTINE) to change or end such subsidies (for Current and Retired, as well as NEW workers). It should be no different in the Public Sector.

      Reply

      • Posted by Tough Love on September 27, 2020 at 1:14 pm

        Taxpayers SHOULDN’T continue to be treated as “suckers” to be financially abused by Elected Officials who are dependent on the block votes, campaign contributions and election support of the VERY greedy Public Sector Unions/Workers/Retirees, and lack the stomach to confront them ……. AND put an end to this unjust THEFT of Private Sector Taxpayer wealth.

        Reply

        • “Taxpayers SHOULDN’T continue to be treated as “suckers”…”

          Got some cheese to go with that whinge ?*

          “Salary growth in state and local government and public education has lagged that of the private sector. Over twenty years, average private sector wages rose by 15 percent above inflation while state and local government pay rose by 8 percent and public education by 5 percent.”

          Andrew Biggs

          And public pensions and benefits have been decreasing since the Great Recession.

          Public sector unions have been playing defense, poorly. You will need a new shtick.

          Retiree healthcare, need I say, is another policy decision. Seen any articles or data on just what percent of the total healthcare industry is public sector retirees and their dependents? How does that compare cost wise with Medicare, Medicaid, private insurance, emergency room care, etc. ? Inquiring minds want to know.

          *Poetic license; rhyming is optional.

          Reply

          • Posted by Tough Love on September 27, 2020 at 9:39 pm

            The “direction” doesn’t matter given how HUGELY greater Public Sector Total Compensation has been for decades now …………… and still a LONG way to go DOWN to catch “up”.

            Public Sector Total Compensation (wages + pensions + benefits) is 23% of pay greater than that of their Private Sector counterparts (in both our home States of CA and NY) ….also per Dr. Andrew Biggs.

            And back to that “policy decision” crap wrt Retiree Healthcare.

            Give it a REST Stephen (the LIES, that is) …………. now crawl back under that rock with the other parasites.

            Reply

          • “Public Employee Salary/Benefits Growth”
            Posted April 11, 2019 by burypensions

            The data are more recent, and it’s painfully apparent you didn’t even bother to read it.

            Your loss.

            Reply

          • Posted by Tough Love on September 28, 2020 at 12:08 am

            What’s “painful” is reading your unwavering support for all things PUBLIC Sector (Unions/workers/Retirees) …. and with a to-hell-with-the-Taxpayers attitude.

            Reply

          • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 28, 2020 at 12:19 pm

            “Salary growth in state and local government and public education has lagged that of the private sector. Over twenty years, average private sector wages rose by 15 percent above inflation while state and local government pay rose by 8 percent and public education by 5 percent.”
            Not in CA Baby Einstein, not by a long shot:

            At $140,000 Per Year, Why Are Government Workers In California Paid Twice As Much As Private Sector Workers?
            by Lee Ohanian
            Tuesday, April 30, 2019
            Nationwide, government-worker compensation has been growing more rapidly than private-sector compensation for several years, but this trend is on steroids in California, where some state and local government workers are now paid roughly twice as much as those in the private sector.

            Reply

          • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 28, 2020 at 12:24 pm

            Oh lookey- Lefty A, aka Stephen, aka Earth, aka Dougie, even comments in that article! With the same old same old lies, spin and misinformation!

            .

            “Stephen Douglas reality_check • 4 months ago
            “…..every. single. one.”

            Looks like you need a better circle of friends. Even if this data were true, there are millions of private sector workers who earn much more than the “average” public sector worker. There are millions who earn more than the highest paid public worker. It’s not even close.

            I am surprised the Hoover Institute couldn’t find a better source. Following the “greatest recession” of 2008, there were several California plus national studies comparing public vs. private compensation.

            Those studies are hopelessly out of date. Hoover should undertake or sponsor a more detailed study today.”

            Reply

      • This can be done for many many public sector employees. However, it will not be done arbitrarily to those covered by a collective bargaining agreement like your local police. Like I said tiger, probably at least two thirds of departments do not offer this benifit on a go forward basis for newer employees. My dept doesn’t. We ended a in 2017. (Mutually) And already have 20% of our force not covered by it.
        And many local dept(Maybe a third ?)Never had it to begin with.
        The town took the benifit away from ALL non unionized active employees with less than 25 years in. No debate, just down with a vote. This was in 2014. We may have one dpw guy still active that had 25 in at that time.
        On a side note, it feels “normal” going back and forth about pensions and bennies, a nice brief detraction from the shit show that has been Endorsed by these dem mayors who kiss the ass if the far left.

        Reply

        • Posted by Tough Love on September 27, 2020 at 6:49 pm

          Quoting ………..

          “The town took the benefit away from ALL non unionized active employees with less than 25 years in. No debate, just down with a vote. ”

          The Town should have done the SAME with all of it’s UNION workers upon contract expiation. Union workers are just louder and more obnoxious, but deserve no more. And to be clear, it surely SOUNDS LIKE the non-Union worker with 24 years in LOST his/her retire healthcare benefits, but the PO with 1 year kept his/hers.

          That off-the-wall outrageous.

          Reply

        • Posted by Tough Love on September 27, 2020 at 6:52 pm

          Quoting ………….

          “On a side note, it feels “normal” going back and forth about pensions and bennies, a nice brief detraction from the shit show that has been Endorsed by these dem mayors who kiss the ass if the far left.”

          lol …………….Dem Mayors kissing the asses of the far left isn’t 1/1,000 the magnitude of Dem Mayors kissing the ass of their Public Sector Union benefactors.

          You know …….. via the Unions that BRIBE our Elected Officials with campaign contributions and THREATS if they don’t support their agenda.

          Reply

          • Re: dem mayors Lately is has. Def with respect to defunding the police etc. awful leaders.

            upon the expiration of a collective bargaining agreement everything stays in effect until a successor agreement is negotiated to fruition. You know that. Sorry that the cops were smart enough to not let the politician of day fuck then over. And yes, the 24 yr Dpw guy got screwed. He wasn’t covered by a collective bargaining agreement. The one year patrolman was.

            Reply

          • And again, I’ve been on the force for 25 years. Never once have we donated to a local politician or threatened one. Never happens in suburbia. Never. Politicians get replaced so easily. We never burn bridges. Unlike the far left rioters. Fuck then.
            You just don’t like paying the piper(police officer). Move to the city then. Or Seattle And any of them that have defunded police. Your taxes may be less? Who knows.
            Don’t worry, by the time you and I are retired and over 70 or so, almost no one will be getting medical after retirement anymore. Just a few final holdouts.
            Doesn’t matter what YOU think is fair.
            But that’s ok…I still like and respect you. For real. You’re a good woman, try not to let my pay package bother you. Remember the El Gaupo exemption. 😉😉😉

            Reply

          • Posted by Tough Love on September 27, 2020 at 10:39 pm

            NJ judges aren’t as in-the-Union’s-pocket as are NJ Elected Officials (recall your now-suspended COLAs).

            Many Court decisions conclude that contract terms end with the expiry of the contract ….. the idea being that it’s bad policy for one (perhaps outgoing) Administration to be able to bind a future one to unsustainable terms.

            I wouldn’t be so sure your retiree Healthcare can’t just END should our Elected Officials choose to pursue it (unlikely as that may be with the self-interested/Union-owned crop in place now).

            Reply

          • Unless Christie comes back for a third term, I think I’ll be just fine. He had the judges in his pocket we all know that.
            Kinda like Trump now huh? Funny how that works.
            Even you say the medical will probably not be touched for those retired. So why keep living in your fantasy world? You got what you wanted. Just not for older employees. Oh well.

            Reply

      • In New Jersey ?

        The only one I’ve heard of in California is Stockton. Pensions were held intact, but retiree healthcare was eliminated (in bankruptcy). I believe the retirees received a lump sum retiree healthcare buyout.

        Interesting tidbit from the article, though “There are about 2,400 retirees in the city and slightly less than half of them receive medical benefits.” With CalPERS, to receive retiree healthcare, must retire within 90 days of last workday, and have at least ten years service (50 percent retiree healthcare paid.)

        If a union “negotiates” away retiree healthcare, it is typically in lieu of higher pay, or some other benefit. Quid pro quo.

        Reply

        • Yes. The older members got a better deal than they had had.

          Reply

        • Posted by Tough Love on September 27, 2020 at 6:57 pm

          Quoting ………..

          “If a union “negotiates” away retiree healthcare, it is typically in lieu of higher pay, or some other benefit. ”

          Not in E’s town, The Police Union (run by the older/long-service Officers) “negotiated away” retiree healthcare benefits for NEW workers not for money, but for CURRENT workers to be able to keep it for themselves.

          That’s called GREED ….. pure and simple.

          Reply

          • You’re almost right. We negotiated it away to have the town pay the 35% of the premium that your hero signed into law. That’s why it is free. Technically, it is 1.5% of my pension, however the town increased our longevity payment’s step by 2% to more than offset it.
            It went from 12% to 14% in the last step of it. Which I’m in and will obvious take into retirement 70% of that 2%. Pays for the 1.5%
            and yes. New hires lost the longevity entirely too. This was presented by the town to us. They wanted it bad so they could match the rest of the town some years down the line.
            You may call it greed, however you have already admitted that if you were in my shoes, you would have voted “yes” to that deal. I beleive your words were “I’m not a fool”. Yes. So I guess you would accordingly to your take on it be a “greedy non fool”? No?

            Reply

          • Posted by Tough Love on September 27, 2020 at 10:24 pm

            Mr. Bury,

            I can’t find it now, but what is the website that enables readers to see the actual Town Contracts that Police have with each Town in NJ.

            That information needs to be WIDELY publicized so residents can compare all the outrageous (and COSTLY) perks and benefits that town workers routinely get that no Private Sector employer in his/her right mind would give to his/her employees.

            Reply

          • Posted by Tough Love on September 27, 2020 at 10:59 pm

            I just found it ………… the website that enables readers to see the actual Town Contracts that Police (and other workers) have with each Town in NJ.

            https://www.perc.state.nj.us/publicsectorcontracts.nsf

            Use the “Search” tab to zero in on any town/employee-group for which you want to see their current (and past) contracts.

            And then (if you or a family member isn’t a NJ Public Sector workers) start seeing RED as you read the RIDICULOUSLY unnecessary/generous/costly provisions included. Do YOU have the same perks/benefits and PROTECTIONS from anything being changed?

            Reply

          • Nice deflection from the fact that you would take the deal if you were in my shoes. You said you weren’t a fool. So…own your greed. lol.

            I’m sure most of the dozen or so readers on here from jersey anyway know that website and how much cops and teachers make. Lol.
            Don’t start getting nasty again all of a sudden. Not becoming or a woman of your stature

            Reply

          • Posted by Tough Love on September 28, 2020 at 4:43 pm

            No E, It wasn’t deflection ………… just giving the Readers an easy LINK to see (by reading Typical Public Sector Employment Contracts) the MANY MANY ways in which the Taxpayers get ripped-off.

            I STRONGLY encourage everyone to carefully review the Contracts that their town has with it’s workers ……… and especially Police. And them, ask your Elected Officials ….WTF ???

            Reply

          • Somehow I don’t think you have ever said that to your elected officials. lol.
            In fact, we don’t have too many show up complaining about the police contract.
            Like I said, leave the cops alone. Stop being a Antifa backed fool

            Reply

  2. Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 27, 2020 at 2:08 pm

    Wow, and I thought Krazee KA Gov Gruescum was the nations worst… Well, it is a close call 🙂

    Reply

    • Posted by Tough Love on September 27, 2020 at 2:42 pm

      Like virtually ALL Elected Official, all they do is suck-up to the Public Sector Unions/Workers/Retirees ……….. and with a to-hell-with-the-Taxpayers attitude.

      Reply

    • “…virtually…” ?

      Is TL growing soft ?

      Are virtually all public employees moochers ?

      Reply

  3. Posted by Tough Love on September 27, 2020 at 7:10 pm

    “New York Times: Trump paid no income taxes in 10 of past 15 years beginning in 2000”

    And ………… only $750 in 2016 ans 2017.

    Anyone surprised?

    https://www.cnn.com/2020/09/27/politics/trump-income-taxes-new-york-times-report/index.html
    —————————-

    If the Democrats win the Presidency and the Senate, Trump is going to PRISON. Not for the Russia stuff and not even for his grossly negligent response to the pandemic ………… but for Tax evasion (think Al Capone !).

    Reply

    • Posted by Tough Love on September 27, 2020 at 7:43 pm

      lol……..

      “Trump found multiple ways to reduce his tax bills. He has taken tax deductions on personal expenses such as housing, aircraft and $70,000 in haircare. ”

      Since when did “haircare” expenses become deductible ?

      Reply

      • Posted by Tough Love on September 27, 2020 at 9:55 pm

        I have a GREAT suggestion for Tax reform if the Democrats win the presidency………

        Investigate EVERY avenue that Trump has used over the past decade, both legal and loophole to pay less (or nothing) in taxes.

        Prosecute his for the illegal acts, and close EVERY one of the loophole that lets scum like him avoid paying taxes.

        Reply

  4. First of all E…nothing is “free” as somebody aka taxpayers are paying for all of the benefits, salaries, etc for ALL public workers whether they be local, county, state or Federal. And don’t give me the the old “we are taxpayers too” bc public workers are getting a much bigger bang for their buck than private workers.

    And it’s not what NJ will be paying publics in the future such as no more life time health benefits or reformed pensions, it’s what’s being paid now for past retirees and their families.

    Covid 19 is being used as a way to circumvent the NJ Constitutional provisions that state borrowing can’t be used except in emergencies….plain and simple no matter how you look at it. Didn’t Fauci tell NJ to open up but yet another 30 day emergency restriction. Anybody want to bet it will go well past election day

    And this Covid 19 will go on forever as a way of forced testing, forced vaccines, forced closures, more lock downs, etc…….

    As far as Trump’s tax returns, assuming it’s all true, I’m sure he has accountants and CPAs that do his returns which are then scrutinized by the IRS and/or state auditors.

    I don’t blame him one bit for taking every deduction he was entitled due under the CURRENT tax laws. And yes, if hair care was part of a business expense due to his show or whatever it was, then it may be considered a business deduction IDK??

    Wealth isn’t taxed at least not yet, only income as you know
    CHANGE THE TAX laws and loop holes if you want people like him to pay their “fair share”

    After all, E and other law enforcement, school employees, etc. are basically retiree millionaires on the tax payer dime and nobody seems to care except TL and a few other posters so why the fixation on Trump. Just don’t get it….

    Reply

    • Ok. But why do NOT blame trump for taking every deduction he was entitled too(I don’t blame him either) but then blame ME for taking whatever I can get🤷‍♂️

      Reply

      • E, I’m not blaming anyone for anything, I’m just making an observation.

        I take as many deductions as I can, so do you and TL and everyone else on here.

        If that is no longer acceptable now because Trump has taken every deduction he is entitled to, according to the CURRENT TAX LAWS…then change them

        Same as, if TL and others are so upset about your million dollar retirement, then do something to CHANGE the rules.

        Get what I’m saying? Can’t have it every which way now can we?

        You know I love ya 🙂

        Reply

        • Hope so bro. Back at ya. I can feel love and warmth emanating through my iPhone. Lol.
          She needs to do something other than vent on here in ref to my bennies and Trump. She will give herself a coronary. Maybe yoga? Get a kitten? A relaxing screen saver? Just some ideas. 😄
          Notice she never answered by comment as to her also taking the deal offered to her that I was. Lol. Greed would also apply to her.
          I don’t like to pile on her….she isn’t a bad person. She just is absolutely OBSESSED with my bennies and even more so President Trump. When she isn’t ranting and raving (not very often) I kinda like her. 🤷‍♂️

          Reply

          • Posted by Tough Love on September 28, 2020 at 4:04 pm

            My dislike of Trump began during his Casino-building days where I read article after article about how he cheated small business that were suppliers on those projects ………. and he only gotten WORSE, MUCH worse.

            Perhaps I’m being naive, but you CAN be honest in your business dealings and still be successful.

            Reply

    •  “we are taxpayers too”

      You can tell because a single public employee pays much higher taxes than a married with children public employee, ceteris paribus.

      And not every public employee gets a bigger bang for their buck than private workers. Not even close.

      Most of what’s being paid now is catch-up for what was skipped in the past. Some states are (much) worse than others.

      Reply

      • Posted by Tough Love on September 28, 2020 at 4:06 pm

        Re-read your comment ………. ALL of your conclusion are spacious.

        Reply

      • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 28, 2020 at 4:17 pm

        And not every public employee gets a bigger bang for their buck than private workers. Not even close.

        Most of what’s being paid now is catch-up for what was skipped in the past.
        ==
        Major delusion!

        Reply

  5. “I don’t blame him one bit for taking every deduction he was entitled due under the CURRENT tax laws.”

    Who does? What the courts are looking for is whether he broke the current laws. As I understand, the subpoenas were a direct result of testimony under oath by Trump’s long time fixer and co-conspirator.

    Michael Cohen: “Individual 1 is Donald J. Trump”

    Reply

    • Posted by Tough Love on September 28, 2020 at 4:12 pm

      I SPECIFICALLY want to know whether the carry forward deductions associated with prior year losses were sourced from FORGIVEN loans that he was REQUIRED (by Tax Regulations) to include in income in the year forgiven, were so included.

      If not, it’s Tax fraud …. period.

      Reply

    • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 28, 2020 at 7:04 pm

      Michael Cohen: Rat

      Reply

  6. Reporter to Kelly Anne Conway*:

    “But, Trump told the same lies Cohen is going to jail for.”

    KAC:

    “But, you forget, President Trump was not under oath.”

    *Did she make a clean escape, or what? What does she know that we don’t?

    Reply

  7. Well A……I’m sure we are going to hear all about it ad nauseum from now until when ever whether we want to or not.

    IDK what he did or didn’t do as only his accountants would know that. I’m sure his tax returns are hundreds of pages long. Even so, if tax laws were knowingly broken then it needs to be addressed accordingly. If there were minor mistakes, such as we have all made through the years, then he needs to pay the back taxes with penalties.

    Reply

  8. Well, MJ………… I do not disagree, entirely.

    It is perplexing to justify going from “If I decide to run for office, I’ll produce my tax returns, absolutely,” he told “Ireland AM.” “And I would love to do that.” (2014)

    To spending thousands of dollars on attorneys trying to avoid doing just that. (Who is paying those attorneys?)

    Every president from Nixon to Obama has released their returns. Its not a legal requirement, (yet), but why.

    Santorum is correct: Not illegal for Trump ‘to do everything he can not to pay taxes’

    Not even illegal for Trump to do everything he can to avoid releasing his taxes.

    But, why?

    Reply

    • A……..most likely because he knew how it would be spun in the media and most likely because, again assuming this is all true, that it would be an attack point by Hilary and the pundits; probably because he is smart enough to know that it may have swayed undecided voters against him bc they have no knowledge of how millionaires file taxes……….after all, everybody hates rich white people right?

      All of the above and maybe more?

      It’s not illegal to use every law and loophole in the tax code to “avoid” taxes only evading taxes is a no no. It doesn’t sound like he tried to hide assets or divert funds but I guess we will find out soon enough.

      I’m guessing that’s why, perhaps he was advised by his attorneys, campaign people to not release at that time??

      Surely, he has been audited through the years as most people are if red flags pop up and it would have been addressed by the IRS? Why wait until this exact point in time?
      I think we all know why…….

      Why do you think he wouldn’t release them?

      Reply

  9. As I recall, he is still under audit in regard to a disputed $70 million refund.

    And, the Manhattan District Attorney subpoenaed information last fall regarding hush money and “alleged insurance and bank fraud by the Trump Organization and its officers.”

    Mary Pat Campbell just posted an article on the whole mess.

    Or maybe it’s just another witch hunt.

    Reply

  10. Posted by MJ on October 1, 2020 at 11:32 am

    A……I suppose anything is possible and that’s why when red flags pop up there are audits and investigations on corporations and individuals.

    I’m sure we will find out one way or another.

    I’ll read Mary Pat’s article.

    Reply

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