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Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris...

Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year.
Comments (66)
  • Christie should start cutting on donuts eating and save state money. Contribute that saved money to pension fund and that would save the system. It is good for his health. He will loose some weight too.
    8 Jun 2011, 06:28 PM Reply Like
  • Before you throw a stone Tigersam you should work on those English as a second language writing skills;-)
    8 Jun 2011, 10:22 PM Reply Like
  • Did they cut their own pensions too?
    8 Jun 2011, 06:29 PM Reply Like
  • Hell no. They get their pensions several times by working several part time jobs. Some of these politicians work more that 192 hours per week on various jobs. There are only 192 hours in week.
    8 Jun 2011, 06:36 PM Reply Like
  • Wrong....7 x 24 = 168hrs/wk....lolol....
    You must be using a budgetary calculator...
    8 Jun 2011, 06:38 PM Reply Like
  • Tigersam has that math as a third language issue.
    9 Jun 2011, 12:55 AM Reply Like
  • I am voting next election for the Honorable Governor Christie....


    This is great news, we are seeing REAL cuts and LONG term reforms put by Christie....


    Long-term the economy of New Jersey is going to be excellent....


    This is a great example to other states...
    8 Jun 2011, 06:34 PM Reply Like
  • Tell him to cut some weight down. So we can save money on his helicopter fuel when he uses to fly his family to baseball game.
    8 Jun 2011, 06:43 PM Reply Like
  • I am going to finish with this great words:


    "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."-Thomas Jefferson
    8 Jun 2011, 09:32 PM Reply Like
  • I bet you weigh about 300 yourself and don't stand up from the computer chair more than an hour a day. Do you have any economic insight to add to this discussion. No need to answe union boy. This is why our jobs went to China in the first place while financeers chuckled.
    8 Jun 2011, 09:34 PM Reply Like
  • So Joe, then do you really think Bernanke is the greatest, or were you just kidding?
    8 Jun 2011, 11:25 PM Reply Like
  • How do you think big, with such a small mind??
    9 Jun 2011, 02:52 AM Reply Like
  • Well, Christie for President and Bernanke for Vice-President would have been my choice.
    9 Jun 2011, 07:46 AM Reply Like
  • I expanded my cranium by reading childrens books on audience segmentation. So when I think big here I typically provide some form of economic analysis or raw opinion on what the data says. I go to Open Democracy when I want to spew out raw political vitriol without debating any facts and let my feelings flow....
    9 Jun 2011, 01:55 PM Reply Like
  • Yes I am 300 pounds and I am eating donuts with my money. I already gave you the economic insight. Tell Christie to stop eating donuts with State money. So we can hire back all the teachers he fired.
    9 Jun 2011, 02:48 PM Reply Like
  • All those teachers were willing to work. Only problem is Christi got rid of those.
    9 Jun 2011, 02:49 PM Reply Like
  • Tigerscam,


    Both yourself and others at SA, would likely be better seved by you finding perhaps a "Children's Site" for you to post your silly comments.
    9 Jun 2011, 04:27 PM Reply Like
  • My Friend 1980XLS, How are you? You miss me, don't you?
    9 Jun 2011, 07:58 PM Reply Like
  • Tiger


    They are not willing to work now because it is summer break!


    Apparently the schools and students did not need them. Life has gone on. The world is still spinning.
    9 Jun 2011, 08:05 PM Reply Like
  • As he should have if the state cannot pay for them. What you really mean is that those teachers were willing to work if they were overpaid. With all of your donut comments, you obviously have no ideas of your own, and little to add to the discussion.
    9 Jun 2011, 08:54 PM Reply Like
  • Christie - Bernanke. I like it.


    fascinating combo. but I think the Chairman would be bored as VP.


    and the Governor while admirable is stil a new commodity. this deal is a feather in his cap.


    Bernanke for Preseident. He is on track to be best Fed President and right now the only cogent voice on the world monetary policy stage.


    11 Jun 2011, 11:22 AM Reply Like
  • It was either this or Meredith Whitney would have been able to carve another notch on her Gucci handbag.
    8 Jun 2011, 06:35 PM Reply Like
  • If I have to guess, probably Meredith never made any money for her clients. She is just stupid and cranky. She is not getting anything from husband during night time.
    8 Jun 2011, 06:49 PM Reply Like
  • Meredith did so well for Oppenheimer she was named a director. She left Oppenheimer because she had enough clients loyal to her to start her own firm. As for intelligence? She graduated with honors from Brown for whatever that's worth. And you? LOL
    8 Jun 2011, 06:57 PM Reply Like
  • I am graduated honers from Red for whatever that's worth. Similar colors.
    8 Jun 2011, 07:58 PM Reply Like
  • "I am graduated honers from Red for whatever that's worth. Similar colors."


    Oh, so you graduated from a fly-fishing school, and with 'honers', whatever that means. Do you have your own fishing boat? Where's the best fly-fishing?
    9 Jun 2011, 08:53 AM Reply Like
  • I am npt going to tell you. I know you. You are from the same school.
    9 Jun 2011, 08:00 PM Reply Like
  • Christie is the man. This is leadership.
    But I do wish he'd lose at least 100lbs. He won't be around very long without some serious changes in his diet.
    8 Jun 2011, 06:53 PM Reply Like
  • Lipitor and hov-a-rounds seem to be keeping the fatties around well into their senior years.


    Bless their hearts, but they always park their carts RIGHT IN FRONT of what I need to get to.... And then perform complex calculus equations in their heads, or something.
    8 Jun 2011, 08:32 PM Reply Like
  • Christie in 2016! (I wish he were running in 2012)
    8 Jun 2011, 08:18 PM Reply Like
  • We need to put bigger engine on Air force one. Otherwise it will not lift off with all that weight.
    8 Jun 2011, 08:39 PM Reply Like
  • I'm willing to bet all these Christie fans DON'T LIVE IN NEW JERSEY!!!!!
    9 Jun 2011, 02:55 AM Reply Like
  • Fat or thin, Christie's on the right track. I'll take 100 Christie's over that pencil neck, so-called, politician Weiner. At least he's worries about the big picture instead of his naked picture on Twitter!
    8 Jun 2011, 08:22 PM Reply Like
  • You need bigger screen may be 50 inches to see Christie's picture.
    8 Jun 2011, 08:38 PM Reply Like
  • Judging from the comments here it is easy to see who are self made people and who are entitlement, welfare recipients.


    It is a shame Christie and the NJ government did not go farther and take back 40% all current promises due and jack up health premium deductions for all workers (current and new) to 30%.


    These leeches on society in all 50 states needs massive pension give backs and massive hikes in health insurance premiums to bring them all in line with what non- union workers and professional people have been paying for for decades already. You know those workers and professional that actually contribute something to the real GDP of this country and do not force Americans to pay for them from pure taxation.


    Did you know that even if the majority of these unions all had a 100% increase in health premiums they had to pay every month that for the most part they would still not even be paying for 15% of their real health insurance premiums, yet be crying like babies that had to pay anything at all?
    8 Jun 2011, 08:40 PM Reply Like
  • Christie did not do anything for NJ. Home taxes are going up every year and envelopment is same. Only thing he did is fired some hard working teachers and put them on welfare. If he stop eating those donuts we could hire all teachers back and there will be some money left.
    8 Jun 2011, 08:44 PM Reply Like
  • Very well said, enough already of pillaging the wealth of the nation to sustain the parasites....


    How do you know liberals are a half witted group? Because they can't argue without resorting to personal attacks.....


    Government workers should share equal burden as all working Americans do...


    Government workers should be reminded, from where comes the money they receive as a salary.....


    Government workers are the most unproductive, and still are given better pay and benefits packages than working Americans....


    And if people want the same freeloading at the expense of the middle class, vote again for Obama....That should do wonders for the US...(sarcasm intended)
    8 Jun 2011, 09:05 PM Reply Like
  • Taxes are high in NJ due to Jon Corzine's reign of idiocy and the current democrat establishment that sold the state to highly paid state employees. Apparently, you only started noticing the state of affairs of NJ a short while ago.
    8 Jun 2011, 10:23 PM Reply Like
  • Uh, gentlemen on the Right...these people are not welfare recipients, their pensions were part of their pay packages in lieu of lower incomes. If you recall any of the past 30+ years, government employees have earned significantly less than private employees.


    The truth to the matter is that the politicians have been bribed with campaign contributions and political cronyism to spend away tax revenue and bond debt and now want to ignore the retirement debt they owe to the people of their own state.


    Sad really...reading Jefferson's quote:


    "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."


    This is exactly what the state governements are doing and what the political pay masters have done [nothing].
    9 Jun 2011, 12:22 AM Reply Like
  • With the teachers pensions, I doubt they are on welfare.
    9 Jun 2011, 12:41 AM Reply Like
  • That was the original theory yes, but in the past 20 years salaries have grown way out of proportion, so they now get about 20% more than the private sector. They are hardly underpaid anymore.
    9 Jun 2011, 12:42 AM Reply Like
  • tiger


    Let me follow your math........he fired teachers and put them on welfare which if true is more like subsistence pay and if NJ hired them back they would probably pay about twice as much as welfare costs or more.


    But by your calculation he would save NJ money by bringing them back. There must be a job waiting for you in government. I am sure the Chinese and the Russians thought they were good at math the past 50 to 60 years as they ran their economies in the ditch. They had an abacus how could they miss?
    9 Jun 2011, 01:28 AM Reply Like
  • We also live in a punitive tax system as the more you make the more you pay so higher incomes have lower after tax returns for the effort.


    I would give up pay for a promise to pay me a big fat check every month for a lifetime and I get to retire early.


    9 Jun 2011, 01:31 AM Reply Like
  • I want to be the teacher that educates your kid. I want to be the fireman that comes to your house when its on fire or when you need CPR and a ride to the hospital. I want to be the policeman that could prevent a crime being perpetrated on you or your family.


    Yes, I really want to be one of those leeches.


    Regrettably, those leeches wouldn't do what I would do in those situations. They would do their duty and you, well, you probably wouldn't even thank them.
    9 Jun 2011, 03:00 AM Reply Like
  • You have to be eligible for a pension before you can collect it you......... Most of the teachers being laid off don't have seniority or nearly enough age and time to receive a pension you................
    9 Jun 2011, 03:04 AM Reply Like
  • What do you mean I can't argue without resorting to personal attacks, you ........................!
    9 Jun 2011, 03:06 AM Reply Like
  • Well, you have that wrong Windsun. Private sector job pay has stagnated for atleast ten year or declined depending on the sector. That is why public sector pay is more. And why has private sector pay stagnated or declined when productivity has soared. Well, I would argue that private sector employee's don't have unions.....that's why.
    9 Jun 2011, 03:11 AM Reply Like
  • TP:


    I am talking about donuts. He should stop eating donuts that will save lot of money to state to hire these teachers back.
    9 Jun 2011, 06:03 AM Reply Like
  • You totally missed the point and failed to answer the question, as usual.


    In a previous era public sector pay was about 10% less than the same jobs in the private sector. That was the justification for better benefits for public sector. Since then public sector pay has gone up to where it now pays 15-20% more than the private sector, and the benefits are 75% better than the private sector.


    So my conclusion is that your government is vastly overpaying for labor, and judging from the quality of education, they are not getting a very good deal. Productivity has gone down, so pay should have gone down - why didn't it?
    9 Jun 2011, 08:02 AM Reply Like
  • Mongie,


    Most of the laid off teachers have nobody to blame other than their own Union "Brotherhood," as it was them that threw the teachers with less seniority than themselves under the bus.


    It's called Greed. And it's not exclusive to people in business.


    Rather than make concessions to where they would perhaps pay 10% towards their medical insurance (less than the Private sector that feeds them) they opted for selfishness.


    Hypocricy, some Union Brotherhood, Huh?

    9 Jun 2011, 08:45 AM Reply Like
  • She spends more time lecturing than asking a question.
    9 Jun 2011, 09:18 AM Reply Like
  • tiger


    sorry i mssed the joke.
    9 Jun 2011, 12:19 PM Reply Like
  • Now you are going to blame Corzine for what Christie promised in his campaign.
    9 Jun 2011, 02:51 PM Reply Like
  • Tigerscam,


    Unlike politicians in the past, Christie has in fact done what he promised in his campaign, one of the reasons people elected him, and will likely re-elect him.
    9 Jun 2011, 04:30 PM Reply Like
  • I am going to ask you one serious question. Tell me one thing what Christie did to help people from NJ. I can tell you 10 things that he promised during his campaign and did not deliver. Also I can tell you that, it is not his fault because economy is down. When economy comes back NJ has great future. You can put moneky as a governor and in growing economy he will shine like a knight. There was not a single good governer in past 30 years for New Jersey. House taxes are going up last 30 years, people from NJ paying more taxes last 30 years, roads are getting worst last 30 years, farmlands are vanishing last 30 years, pollution is increasing in last 30 years. I can go on and on for you. So do not tell me he deliver anything he promised.
    9 Jun 2011, 08:09 PM Reply Like
  • Christie is a fat pig who is trying to break the back of working families.
    If you can cap the health care cost for average Americans.
    8 Jun 2011, 08:42 PM Reply Like
  • Mike, it's the working families that break their backs working 12 months a year so you can get paid for 12 while working 10. And when you retire in your early 50's with a fat pension and Cadillac medical they're still breaking their backs so you can sit back on your lazy arse for 30 years. The only reason any of them support you is you and those before you gave them such a worthless education that they can't think for themselves.
    8 Jun 2011, 09:12 PM Reply Like
  • Show some respect or no one would take you seriously....


    It doesn't matter, the gender, race(this is the card that liberals play) color, weight of the people, what it matters is the actions and the value they contribute to society....what Christie is doing is repairing the finances of the state, so if can be inferred that is creating a better future to the next
    generations to come, thereby improving subsequent lives.


    That for me defines a person, and in this case a good one.
    8 Jun 2011, 10:15 PM Reply Like
  • seems the only people who get pensions these days are government workers? Do you think Mike Mohr is a government worker?


    The reality is that all government pension and health care benefits, including states are under funded and need to be cut. You cannot raise taxes enough to solve the problem.
    8 Jun 2011, 11:29 PM Reply Like
  • OK Mike, what is YOUR solution to the massive debt in the state?
    9 Jun 2011, 12:43 AM Reply Like
  • He's a hero, and if more politicians would pay attention to what he's trying to do, maybe we wouldnt have the mess we have today!
    8 Jun 2011, 09:00 PM Reply Like
  • I will move to NJ from Connecticut.


    Because given the P-O-S that was recently elected governor in CT, such a thing will NEVER happen under his watch.
    8 Jun 2011, 09:48 PM Reply Like
  • The Federal deficit is being funded partially by the pension and retirement systems as of this moment. The state government are fine in regards to their obligations. I read many state government are having budget surpluses or on good solid footing. State employees somewhat are government employees. I still think it is wrong that they lose their retirment benefits. I am not a leader of the nation, so right now, I have to trust their judgement. I have only an opinion of emotion towards money placed in the good faith that employees will be taken care of at their most senior moments.
    8 Jun 2011, 10:04 PM Reply Like
  • Most people commenting here suggesting Christie eats less donuts personally do seem to want to see him continue to buy donuts for the State.


    What a powerful man he could become by using his own weight and set an example if he'd only was able transforms in his lean self...


    'And now you State'!
    9 Jun 2011, 12:37 AM Reply Like
  • The only way to save money is to cut spending and committments and there is no painless way to do it.


    I am not sure why everyone keeps looking for that magical exit door. It does not exist.
    9 Jun 2011, 01:34 AM Reply Like
  • So in other words, the Governor says they need to fire some bad help and hire new help with a better grip on something other than military ideals?


    Could be, our Governor in Colorado is looking at resolutions to add another Dollar per Gallon tax to fuels to support new infrastructure again.Basically admitting that unless private enterprise can step up to the plate - we will be buying all the plates and wishing for another for ourselves.
    9 Jun 2011, 10:26 AM Reply Like
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