Archive for the ‘Politics’ Category

Christie Legacy

Three former New Jersey governors claim that Chris Christie’s tenure was not a failure with one even coming out with:

he got pension and health care reforms and helped keep property taxes from rising swiftly by limiting how much raises for police and firefighters and enacting a 2 percent local spending cap, [Donald] DiFrancesco argued.

“His perception is really, really bad,” he said. “His legacy is really, really good.”

In a discursive interview in Politico Magazine Christie comes off as an obnoxious egomaniac who got things done early on:

On policy, Christie was both hard-nosed and pragmatic. He capped property taxes in a notoriously high-tax state. He cleaned up a budget mess left by his disgraced predecessor, Gov. Jon Corzine. He persuaded Stephen Sweeney, a burly ironworker’s union official who leads the State Senate, to make a compromise on pensions that would require unions to pay more.

“He came to my union office and we sat down the second day,” Sweeney recalled. “And his comment to me, are we going to get anything done, or do what is always done and fight? He wanted to get things done, and so did I.”

At the time, New Jersey’s pension system was among the most underfunded in the country, and Christie’s predecessors didn’t pay. (Christie also has a checkered record—while paying more than his predecessors, he also skipped some payments.) Stile, a sometimes fierce critic of the governor, said, “The time of practically skipping and significantly shorting the pension system has pretty much stopped. It went on for 15 years leading up to him. He deserves credit for that.”

There is a possibility that Chris Christie may not go down as the worst governor in New Jersey history……..which is a shame…….because he is. Looking at the record:

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New Jersey Budget After Christie

Incoming governor Phil Murphy started making the rounds of talk shows where he gets five minutes to give his spiel on economic growth and discuss legalizing marijuana for recreational use.
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While back in the real world:

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2017 Election Results for Public Pensions

There were at least four ballot questions across the country and one race in Southern New Jersey that impact public pensions. Here are the results:

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Vote Today on NY Public Pensions?

STUMP today focused on Pension-Related Ballot Measures: 2017 which linked to:

  1. New York State Proposal 2: Forfeiture of Pension of Criminal Officials
  2. Maine Proposal 4: extending from 10 to 20 years the period to pay off unfunded liabilities
  3. Houston $1 Billion Pension Obligation Bond

But after listening for a few minutes to Bernie and Sid this morning it may be that a ballot question in New York will have a massive impact on public pensions in that state…and possibly the nation.

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Dumping Sweeney: Job Number One For NJEA


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There is also a report that provides some history of the New Jersey Education Association (NJEA), politics, and the pension system. Below are excerpts along with a look at whether the NJEA will succeed based on past election results in Sweeney’s district.

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NJ Gubernatorial Debate on Pensions – Part 2

In the first debate New Jersey’s next governor claimed to have a ‘very, very credible plan’ to fully fund the state’s public pensions. At tonight’s second, and last, debate he was asked what it is:
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NJ Gubernatorial Debate on Pensions

The main takeaway:
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My question:
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