$4.5 Borrowing Plan Passes

The Select Commission on Emergency COVID-19 Borrowing which consists of four Democrats who are supposed be a check against the Democrat majroity in the Legislature and the Democrat governor borrowing recklessly this afternoon approved reckless borrowing. The full ‘discussion’ and vote is at the bottom of this blog but don’t bother watching beyond this warning from the South Jersey Chamber of Commerce:

What is missing here is the willful obliviousness of all parties to what would normally not be considered an advantage but, in this situation, can be and it has nothing to do with any paths to progress.

As one of the most corrupt states in the nation there are ways to come up with $4.5 billion without borrowing, starting with:

  1. Eliminating county government (or municipal government but that might be trickier).
  2. Stopping pay for office holders: perhaps then public-minded citizens who don’t need pecuniary incentives will become interested.
  3. Taxing campaign contributions at levels commensurate to the additional cost taxpayers can be expected to shoulder.
  4. Paying attention to legalized theft (Union County is stealing Open Space tax money for their own budget and is now funding projects to make payments on bonds that would otherwise default).

Even a hint of a clean-up could scare politicians away from the business-as-usual pay-to-play procurement system that annually reaps billions of dollars for themselves and their cronies.



59 responses to this post.

  1. Posted by NJ2AZ on September 28, 2020 at 7:23 pm

    whats the problem? they’re good for it 😉


  2. Posted by Tough Love on September 28, 2020 at 8:15 pm

    Adding #s 5 and 6………..

    5) Hard Freeze all future service DB pension accruals for all CURRENT workers, and replace it with a DC (401K-style) Plan with a Taxpayer contribution comparable to what Private Sector employers typically contributed into THEIR workers’ 401K Plans …… about 4% of pay.

    6) Reduce Taxpayer subsidies for Public Sector retiree healthcare benefits (for all active and retired workers) to what Private Sector employers typically contribute towards THEIR workers retiree healthcare benefits ………. in MOST cases, NOTHING.

    Unless demonstrably lower wages can be proven, there is ZERO justification for Taxpayers providing ANY greater (i.e more valuable) Public Sector pensions or benefits. And IF such demonstrably lower wages can be proven, the AMOUNT of greater pensions and benefits should not exceed the amount necessary to erase that wage shortfall.

    It’s WAY past time to STOP treating Taxpayers as the “sucker” to be financially abused.


    • Dream on TL. Broken record. Ain’t happening. Especially with the cops. No way!! S5 will protect our pensions and the healthcare is contractual. Guys like me will be fine.
      You will be saying the same crap in 2030. Lol. Hopefully, I will have lost interest in you by then. For now, still kinda into your nonsense somewhat. 😏 I give you credit. I mean you know those things won’t happen….but you still try. Lol. God bless you. Limousine liberal.


      • Posted by Tough Love on September 29, 2020 at 9:31 am

        If NJ’s Taxpayers WAKE UP (to the magnitude of the HUGE rip-off) THEN things might change.


      • Posted by Tough Love on September 29, 2020 at 10:35 am

        Listen to yourself E, quoting ………..

        “broken record”, “no way!!”, “protect our pensions”, “your nonsense”, etc.

        You sure do have a problem with NOT granting Public Sector workers MORE (MUCH more) than what comparable Private Sector workers typically get from their employers …… which is all that I am advocating for.

        I call that being GREEDY (perhaps even a “MOOCHER”) . What do you call it ?


        • You’ve never quite named a “comparable” private sector job. Can you name one? Where officers get cursed at all night, fireworks and hit in head with baseball bat, and ambushed and shot to death? I’ll wait.
          You want to talk about these other public sector jobs fine. Leave the cops alone.
          Again, my concern in regards to my compensation package is what me and my employer can agree on. That’s all. Not what an office worker makes or a banker or a plumber etc. that’s none of my concern. we have established what pfrs cost you a year. Not worried about you falling into financial difficulty because of it. Cause you won’t.
          In fact. Biden will cost you MUCH more than your police pensions.


          • Posted by Tough Love on September 29, 2020 at 11:04 am

            Diversion ? How about answering…………

            “You sure do have a problem with NOT granting Public Sector workers MORE (MUCH more) than what comparable Private Sector workers typically get from their employers …… which is all that I am advocating for.

            I call that being GREEDY (perhaps even a “MOOCHER”) . What do you call it ?”


          • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 29, 2020 at 12:35 pm

            You’ve never quite named a “comparable” private sector job
            LOL… How MANY TIES do I have to educate you El Feo? The construction trades are almost comparable, except the trades are: 1) far more dangerous; and 2) far more physically demanding.


          • Again, you claim that may pay and benefits should mirror on some level the private sector. But don’t give us any idea…of what that should entail. Except that I am greedy—despite the FACT that you said you would’ve taken the same deals I have throughout my career. You OWN that statement TL. So either you are greedy or I am NOT. I say I should be able to earn whatever my employer is willing to pay. Regardless of what the private sector earns or doesn’t earn.
            @rex— my old man, God rest his soul, was a union electrician in NYC. Never paid a dime for health care EVEN into retirement. Had a pension that when added to SS was pretty darn close to a police officers and almost always had steady work including overtime. My mother never had to work (did wallpapering on the side) shows you the era. 1970-80’s. Lol. So maybe your onto something. Most full time contractors out my way that have been around a bit make in excess of six figures.
            Can’t wait to watch Donnie press Law and Order tonight. 🇺🇸


          • Posted by Tough Love on September 29, 2020 at 5:26 pm


            As I have already stated, Public Sector jobs (even when there is no direct comparison in the Private Sector) should be compared to Private Sector jobs that require reasonably equvalent levels of experience, education, skills, and knowledge (for which there are ALWAYS many), even though they may be in a different field.

            You don’t like that approach because (a) you know you are WAY over-compensated under any/every such analysis/comparison, and (b) insisting on the uniqueness (and un-comparability) of police work attempts to invalidate even contemplating the comparison. I don’t buy that, not for a minute.

            By-the-way, I’m not focusing only on Police work ……. but ALL Public Sector positions. Those working in the Public Sector who cannot accept that there is NO JUSTIFICATION for greater Total Compensation (wage + pensions + benefits) when working in a Public Sector job that, in the Private Sector, requires reasonably equvalent levels of experience, education, skills, and knowledge ……………. are simply MOOCHERS.

            And MOOCHERS should be paid back by the Taxpayers that they are mooching FROM ……… with those Taxpayers finding a way to renege on those excessive promises……….. specifically, the ludicrously excessive, unnecessary, unjust, and unaffordable pensions and retiree healthcare benefits.

            Still buddies ? 🙂 🙂 🙂


          • Posted by Tough Love on September 29, 2020 at 5:29 pm


            I will be watching the debate for sure …….. with snacks, as I expect it to be like an MMA cage fight.


          • Still buddies…..of course. Mutual respect. 👍
            Using your standard, both male and female basketball players should earn around the same as they, while not identical, are certainly comparable. My view is different as you know. Why? Because it is my livelihood and it is how most of the income is generated for my family. Be honest, this does not make me greedy or a Moocher etc. it is simply an agreement between employer and employee.
            Still buddies😉


  3. Posted by Tough Love on September 28, 2020 at 9:15 pm

    Off Topic ………..

    Been wondering about Trump’s paying his daughter a $700K consulting fee for services related to this business activities when she is an “employee”-executive at the Trump Organization. Why would he do that?

    Here’s a possibility…………

    Trump get a deduction for the $7007K payout to his daughter as a business expense ….. just enough to get HIS personal income almost down to zero and have no (or perhaps only a $750) tax liability.

    BUT, now Ivanka has $700K in incremental taxable income. But maybe it’s not a “wash” because, being married to Jared Kushner with a huge real estate business might (like Donald Trump), gets sufficient depreciation on those real estate holdings to create an annual paper loss (i.e., no taxable income). If so, and his losses are $700K or greater, VOILA, assuming Jared & Ivanka file a joint return, neither Donald nor Ivanka pay ANY taxes on that $700K that came from the Donald.

    If that’s what happened, the “legal” issue is ………. (a) did Ivanka, as a consultant, provide services that (a) were really outside the scope of her regular employment wages, and (b) were they sufficient in amount/time and value to justify a $700K fee?

    Inquiring minds want to know.


  4. Posted by Tough Love on September 28, 2020 at 10:11 pm

    “Tax documents obtained by The New York Times show that during the making of The Apprentice, he deducted $70,000 for the cost of his haircuts and hairstyling. Trump’s businesses also wrote off “at least $95,464 paid to a favorite hair and makeup artist of Ivanka Trump,” the Times reported.

    WTF ?


  5. TL, it may sound bizarre to you but if these expenses were legitimate business expenses for him and the daughter then it’s a deduction….wealthy people deduct all kinds of things on their tax returns.

    CHANGE THE TAX CODES if this is so upsetting to Congress. Of course, they all take advantage of the same things but hey who cares

    I wonder if all of those media pundits deduct for hair and make up? CNN, Fox news, all of them I would love to know that.


  6. In my best Michael Buffer voice on Nov 4(or when the Supreme Court rules in his favor shortly after):
    Ladies and Gentlemen, your winner by Technical Knockout, and STIIIIILLLLLL preaident of the United States, Donaaaaaald Trump!!!


  7. Posted by Tough Love on September 29, 2020 at 9:20 pm

    Watching the MMA cage fight called a “debate”.

    Trump is on a roll … over-talking BOTH the moderator and Biden.

    Oh, and Trump said he’s going to bring drug prices down 80% to 90%.

    Yup, he did ……….. when PIGS FLY.


    • Posted by Tough Love on September 29, 2020 at 10:17 pm

      It’s painful watching this cat fight.

      The moderator should have had a mic-off switch when EITHER of them talks over the other during the other’s allotted 2 minutes.


  8. Posted by Anonymous on September 29, 2020 at 10:33 pm

    Chris Wallass won the debate. LOL


  9. Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 30, 2020 at 12:06 am

    Sleepy Joe did far better than I anticipated. Trump did slightly below what I expected. Overall it sucked eggs and I stopped watching halfway through. On hour of that brain damaging bullshit was plenty 😦


    • Biden did far better. Maybe his plan was to be slow etc and then set a low bar for himself. Candidly, I think trump came off as a bully.
      Unfortunately, I think he may have cost himself many swing voters who would’ve voted for him due to the riots etc. Trump interrupted far more than Biden. He should’ve SHUT the FUCK UP and let Biden blab on and commit gaffes. He didn’t do it. He got Biden angry and instead of letting him babble on, he made him look like the calmer candidate who expressed anger himself because it came at him first. Hard to mess up when you’re simply standing up for yourself and NOT talking about policy. Trump made it very hard for an undecided voter to choose him. I think he may have cost himself the election last night. We were all expecting Biden screw ups. Didn’t happen. Trump helped that not happen by half the debate being Wallace trying to maintain control.


      • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on September 30, 2020 at 11:57 am

        The NON STOP interrupting by Trump was a huge blunder, and a turn off. Trump needs to either listen to his advisors or get a better grasp on social norms, because that was stupidity to the MAX. Like I posted, Trump did not live up to my expectations and Sleepy Joe did far better than I could have ever imagined. I expected gaffe after gaffe after gaffe from Sleepy Joe. Sleepy Joe made no gaffes that I caught, well one when he made a reference to some number/statistic that was clearly off, but I cannot even recall what it was over, that is how bad Trump blundered. All I remember was Trump’s bullying interruptions, almost making us feel sorry for Sleepy Joe (almost!!)


      • Posted by Tough Love on September 30, 2020 at 12:00 pm

        Yup. ……

        I wasn’t expecting Biden to screw up, but also wasn’t expecting Trump to so unabashedly show himself as the fool/bully that everybody knows really he is.


  10. Posted by Tough Love on September 30, 2020 at 12:18 am

    Hey, they’re closing Disney and laying of all those colorful characters. ANY one of them would be better than Trump or Biden.

    How about Micky Mouse …… or perhaps the Road Runner (beep beep), certainly has a lot more energy than either of these 2 guys.


  11. Totally agree that watching that debate last night was exhausting and I’ll say ridiculous. Watching two old men degrade themselves. Biden did way better than I would have thought. Trump had ample opportunity to stick to facts, stick to his record, produce numbers but he chose to interrupt and engage in utter childish nonsense. Biden was not much better with the name calling and bumbling answers. No substance coming from either candidate. I don’t think anyone undecided may have been swayed one way or the other.

    Well friends, I’m sure we had hoped for more but sorry to say I feel that if this is the best our great country can come up with then we are all in for a real shock no matter who wins. I think I’ll be sitting out this election.

    Chris Wallace, although slightly biased towards Biden, won the debate and was the only professional adult in the room IMO.

    I wonder, if Wallace, after that shit show went behind stage and had a stiff drink.


    • Posted by Anonymous on September 30, 2020 at 9:24 am

      Wallace is an arrogant pompous ass. I wonder if Wallace went behind the stage and high-fived Biden. He was clearly carrying Biden.


      • After thinking about it a little more, I am left wondering why he asked Trump if he would condemn white supremacist groups but didn’t ask Biden if he would condemn Antifa and BLM groups……or maybe he did and I missed it during the shouting match??


        • Posted by Anonymous on September 30, 2020 at 5:53 pm

          No Wallace never asked Biden to condemn Antifa or BLM groups. And contrary to MSM Media reports, Trump has denounced white supremist groups, who are a branch of the KKK, which are the party of democrats.


          • Posted by Tough Love on September 30, 2020 at 7:12 pm

            Quoting ……….

            Easy “said”, but would you mind providing LINKS to such statements.


          • Trump, Aug. 14, 2017: Racism is evil. And those who cause violence in its name are criminals and thugs, including the KKK, neo-Nazis, white supremacists, and other hate groups that are repugnant to everything we hold dear as Americans.

            Trump, Aug. 15, 2017: I’m not talking about the neo-Nazis and the white nationalists, because they should be condemned totally.


            Reporter: I just didn’t understand what you were saying. You were saying the press has treated white nationalists unfairly? …

            Trump: No, no. There were people in that rally, and I looked the night before. If you look, they were people protesting very quietly, the taking down of the statue of Robert E. Lee. I’m sure in that group there were some bad ones. The following day, it looked like they had some rough, bad people, neo-Nazis, white nationalists, whatever you want to call them. But you had a lot of people in that group that were there to innocently protest and very legally protest, because you know, I don’t know if you know, they had a permit. The other group didn’t have a permit. So I only tell you this: There are two sides to a story.

            “Good people on both sides”… peaceful protesters.

            I am absolutely not a Trump supporter, but fair is fair.


          • Anonymous…
            “…white supremist groups, who are a branch of the KKK, which are the party of democrats.”

            Meh, I wouldn’t go that far.


          • Posted by Tough Love on September 30, 2020 at 10:22 pm

            It seems that Trump struggles mightily to include the exact words “white supremacists” in negative statements.

            Like he weighting advantage/disadvantage …………

            should I or shouldn’t I, should I or shouldn’t I, should I or shouldn’t I

            Heck, does he EVER do something just BECAUSE it’s the RIGHT thing to do ?


          • Posted by MJ on October 1, 2020 at 1:16 pm

            and after reading excerpts from the debate, Biden clearly stated that antifa is an “idea” not a real thing…..paraphrasing



    • Everybody agrees… It was a shitshow.

      Almost everybody.

      “Mr. Trump himself was not displeased with his own performance, according to his advisers. On the contrary, he was elated about the debate and saw it as a successful outing for him, according to three people close to the campaign. Some of Mr. Trump’s advisers, who shy away from giving him bad news, made no attempt to disabuse the president of that assessment.”

      NYT 9/30/2020

      Sir, you have spinach in your teeth. And nobody really likes you.



  12. Posted by geo8rge on September 30, 2020 at 9:30 am

    Renewed Push On Plan That May Eliminate Many NJ School Districts

    Why do you need County level government? To operate the county school system: ”
    Salem County officials also … to study consolidating their districts into a countywide system.”



  13. […] that Murphy got the Legislature to give him the millionaire’s tax and what John Bury calls the “reckless borrowing” of $4.5 billion by agreeing to a major concession: He will stop fighting Senate President Steve […]


  14. Posted by MJ on October 1, 2020 at 8:19 am

    Thank you A for your honest “fair is fair” research on Trumps stance on these hate groups. I hope you don’t trigger others on this blog 🙂

    BTW, yes we do all agree it was a shit show and Trump truly is delusional if he thought he did well. Personally, I really don’t think he wants to get re-elected and go through all of this shit for another 4 years. Geez, who would?

    I like many of his policies, however, the personality and the brashness, don’t like at all.

    Maybe it wouldn’t be so bad with Joe and Kamala at the helm. I would love to hear Kamala licking her chops behind closed doors with the very possible scenario that she can be president……….


  15. … [Trackback]

    […] Read More here: burypensions.wordpress.com/2020/09/28/4-5-borrowing-plan-passes/ […]


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