Quote:
Originally Posted by bkcunningham1
You said, "neither of us benefits from automatic pension increases." In the article, the author states, "Note that all we are talking about here is
reducing the rate at which the pensions of retired public employees will increase. This at a time when private sector employees are being laid off, seeing their salaries cut, and their investments have declined in value."
So really the article doesn't reflect on you or your pension. I agree with you about blanket statements. Not every state is in the same dire straits that New Jersery's pension plan has found itself in. New Jersey isn't the only state in this shape either. But on the other hand, some states are still doing okay comparitively.
I don't live in New Jersey, but I like what I've read and heard about Chris Christie. It is a beautiful state and I hope he can help turn things around.
http://www.powerlineblog.com/archive.../08/026948.php
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glad you share the fear of blanket statements - and those who swallow them hook, line and sinker without choking and then adopt them as fact!
glad that you appreciate the beauty of new jersey, too. we have so much from mountains to beaches and from rivers to oceans! i don't think there is anything as beautiful as walking thru the woods of north jersey in the the spring and fall or canoeing thru the streams of the pinelands down south in the same seasons; that is, except for spending all of the seasons just a mile from the beaches and oceanfront where i live! let's just not talk about tourists!
chris christie is a refreshing governor for this state. i cannot remember a predecessor who did not raid and rape different parts of our treasury in order buy the votes of the special interest group de jour. and i mean every last one of them - regardless of their party affiliation. the most disappointing performer was christine todd whitman; who when she saw the value of the various pension funds had the pension commission and treasurer change the valuation from one of actual cash value [we're talking dollar for dollar value here] to a valuation based on investment value - the stock market was on its non-stop meteoric rise in those days so the change in valuation did not suffer until the stock market began to tank. had we remained on the actual cash value of the contributions of the pension members it would never be in the shape that it is today. every governor since then has used whatever smoke and mirror gimmick they think the pubolic will swallow to spend beyond the state's ability to pay - just so they can leave a legacy...too bad i can't live on their legacies!
we have not had a good governor since thomas kean...a governor who required a five year plan and an annual review and report on same, the governor who would not rob peter to pay paul, the governor who practiced 'the politics of inclusion'.
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