“New Jersey became the state with the worst-funded public pension system in the U.S. in 2015, followed closely by Kentucky and Illinois.”
Source: New Jersey Tops Illinois as State With Worst-Off Pension System
Archive for the ‘State government’ Category
Letter in The Record about Chris Christie
18
Oct
Christie has
no core principles
Regarding “He could’ve been a contender” (Opinion, Oct. 16):
Richard Muti, the former mayor of Ramsey, highlights Governor Christie’s fall from being a leading contender for the Republican presidential nomination to an also-ran. Muti leaves out the most important reason Christie’s presidential campaign imploded: He does not have core domestic and foreign policy principles that he deeply believes in.
With allies like this…
11
Oct
“In a leaked email sent on August 17, 2014 by Hillary Clinton to her current campaign manager, John Podesta, who back then was counselor to Barack Obama, she admitted that Qatar and Saudi Arabia “are providing clandestine financial and logistic support to ISIL and other radical Sunni groups in the region.”
Source: Hillary Confirms Saudi Arabia, Qatar Fund ISIS In Leaked Email
How to fund education in a free society
15
Sep
Another commission. Puleez! The only solution to “school funding” is to make each government school a 501(c) 3 tax exempt nonprofit funded by tuition, grants, endowment income and other non-coercive means. No more commissions, no income tax, no school property tax, no more politicians running schools, no more federal government mandates, no more state mandates…and finally teachers in control of curriculum and other educational matters and accountable to parents for the quality of their teaching. As far as the educational needs of low income students throughout the state, families would create co-ops to educate their kids.
If you support the above proposals, you are a “revolutionary” who wants to create a free society. Otherwise, you are a tinkerer of the status coercive quo.
“As the Senate President Steve Sweeney has the power to get his school-funding reforms enacted into law; instead he’s proposing setting up yet another committee…”
Source: Steve Sweeney could pass his school-funding reforms; instead he’s creating a commission
One more reason to abolish the income tax
03
Sep
“The change will reap tens of millions of dollars for New Jersey, but But low- and middle-income New Jerseyan working in Philadelphia.”
Source: Christie ending income tax pact with Pa., which will cost some N.J. residents more
States face pension fund gap approaching $1 trillion
25
Aug
Gross mismanagement by the policital class.
‘State pension funds are looking at a $1 trillion shortfall in what they owe workers in benefits, according to new data from The Pew Charitable Trusts.”
Source: States face pension fund gap approaching $1 trillion
Clintons feeling the heat. “Too little, too late.”
18
Aug
“Rep. Peter King Thursday praised the Clinton Foundation for its decision to no longer accept corporate or foreign donations should Hillary Clinton win in November, but “why it was allowed to go on during the time she was secretary of state?”
Source: Peter King: Why Didn’t Clinton Foundation Change Donor Policy When Hillary Was at State?
Tax cuts are good, replenishing the TTF is good and spending cuts are good
26
Jul
Tax cuts do not have to be “paid for.” All tax cuts are good because they are steps toward economic freedom–and with economic freedom comes greater prosperity. Gov. Christie is not showing any leadership. Why he is obsessed with a sales tax cut is incomprehensible. Eventually, all taxes should be cut. In the meantime, there is a proposal on the table that reduces several onerous taxes. Get on board governor.
“In another great example of how things work in Trenton, it’s time for legislators to act on the only thing that remotely makes sense and override Christie.”
Source: Least bad option is only real choice now on gas tax battle | Moran
The Public Pension Problem: It’s Much Worse Than It Appears | Manhattan Institute
25
Jul
“When financial markets slumped in 2008, the assets in government-worker pension funds plunged and public sector retirement debt soared. Although pension officials rushed to assure the public that their funds would recover as soon as stocks rebounded, the long bull market that began the following year didn’t do much to cut states steep retirement debt. Most state and local pension funds closed the books on their latest fiscal year on June 30… early returns suggest that the industry fell well short of its lofty investment goals.” Read the rest by clicking on the link.
Source: The Public Pension Problem: It’s Much Worse Than It Appears | Manhattan Institute
Why is Chris Christie apparently balking at the latest compromise?
24
Jul
Governor Christie should get on board with the latest proposal to fund the Transportation Trust Fund and provide much needed tax relief to the people of New Jersey. Is this a “perfect” compromise? No. But we need funds to fix our roads and bridges, lower taxes and lower spending and fewer regulations. The governor should work on the last two goals ASAP. Instead of focusing on Trump’s presidential campaign, he should do what he was elected to do–govern. If he is preoccupied with the presidential campaign, he should resign.
“Senate and Assembly Democratic leaders announced a new compromise Friday for raising the gas tax.”
Source: 7 things you need to know about latest gas tax plan to end N.J. road work shutdown
What If the Fix Was In?
21
Jul
Judge Napolitano raises the most important questions about Hillary, Obama, and the FBI.
Source: What If the Fix Was In?
Another dubious distinction for New Jersey
15
Jul
Guess what they all have in common?
“America is facing an infrastructure crisis. CNBC reveals which states have the worst roads, bridges, ports, airports and rail lines.”
Source: Crumbling America: 10 states with the worst infrastructure
Grossman: Trust fund and Atlantic City should declare bankruptcy
14
Jul
A compelling case to get debt under control and not raise the “gas tax.” Murray Rothbard made the case to repudiate the national debt in 1992.
Source: Grossman: Trust fund and Atlantic City should declare bankruptcy