NJ May Be Fixable But Not By These Guys

After decades in politics, the last twelve as State Senate President, Steve Sweeney’s parting thought was a deep desire to fix what he had a major role in breaking:

Highest taxes, systemic corruption, massive debt. Here is what we are left with to do the fixing:

Sorry, wrong clip. Here is our real fixer:

Highest taxes, systemic corruption, massive debt.

3 responses to this post.

  1. Posted by qpat00 on November 15, 2021 at 12:57 am

    I liked sweeney, with christie it was yin and yang but they did achieve things together. The 11/15/21 Sunday Ledger had a large article on Sweeney. And yes there are so many moving parts he could have squelched, but he was of the democrat persuasion so played by that sides rules. He did address financial issues some anyway. So we go from a steelworker to a truck driver, regular private sector people that know the private sector issues. Not like scuzzball heir-apparant senate president Scutari, presently under investigation for theft of services from the linden taxpayer as low show job of prosecutor. Alledged criminal? Of course, this is NJ.

    Reply

  2. Posted by geo8rge on November 15, 2021 at 1:42 pm

    Puerto Rico debt deal highlights the dilemma of pension liabilities
    Restructurings typically leave a greater burden to meet retirement costs on those still working

    As is now customary in US courts, bondholders are being handed deep haircuts on their face value whilst pensions for retired public sector employees are left intact.

    And as is the case with other restructurings, working employees face the burden of meeting those retirement costs, both broadly in economic costs and specific benefits.

    Under the plan, currently working judges and teachers have their defined benefit pension rights frozen in place, and are now shifted to defined contribution plans.

    https://www.ft.com/content/610cba16-bed0-4457-9b9f-f7e456d31d07

    Reply

  3. Posted by Ray Shorter on November 16, 2021 at 3:42 pm

    When ole when will Pbgc approve a pension application? The vaccine development and stimulus checks didn’t take this long. Poor 707 had to withdraw. How come no one is complaining about snail pace. Money is just sitting there.

    Reply

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