Archive for the ‘NJ Gov. Christie’ Category
Posted December 20, 2010on:
This is interesting. The Governor who is willing to tell the truth says the day of reckoning has arrived. California, Arizona, Illinois, New York both state and city, and of course New Jersey that Governor Christie is trying to get under control are so far in debt that it really is impossible to get to the bottom of it in most cases the debtors (states and cities) even know how much they do owe. The main problems seem to be the public employee unions, but other spending is really just as bad it is just that the unions are making the biggest fuss and are at this time unwilling to even discuss the problems with the governments.
When will the bubble finally bust? When will these states and cities finally hit bottom and go belly up? Some analyst say as soon as within the next 12 months. then it is predicted they will turn to the federal government for a bail out. Which means that the federal government will then have to borrow money toi bail out the states and cities. Considering the federal government is now borrowing $.40 of every dollar it spends it is difficult to believe they will do another round of bail outs. And beside that the facts are that when bailed out the states and cities just continue on the way they have been operating and this will just lead to another crisis down the line. What we need is fifty governors like Chris Christie and one President like Chris Christie. BB
Day of Reckoning’: Chris Christie Tackles Massive State Debt on ‘60 Minutes’
- Posted on December 20, 2010 at 9:08am by Jonathon M. Seidl
It could be the biggest crisis since the collapse of the housing market.
That’s how experts are describing state budgets, which are becoming so spend-heavy that municipalities are now drowning in debt and unrealistic spending obligations.
Here’s a taste: California now spends more on public employee pensions than it does on the state university system; Arizona has sold its state capital, supreme court chambers, and legislative building to private investors; and Illinois, which spends twice as much as it takes in in taxes, is months behind on Medicaid payments and some gas stations won’t even take State Trooper credit cards.
Those examples were included in a “60 Minutes” special on Sunday, which detailed the growing problem of mounting state debt. It’s a problem that includes blatant fiscal irresponsibility and borrowing money to delay what NJ Gov. Chris Christie calls in the piece the “day of reckoning.” The segment also features Meredith Whitney, one of the most respected women on Wall Street who once predicted the dismal housing collapse. In her mind, the state budget crisis will be just as crippling.
Business Insider calls the piece, “what everyone will be talking about today”:
Last week, the Manhattan Institute’s Steve Malanga called the state budget problem a “fiscal train wreck,” and compared benefits in the public sector to benefits in the private sector. In short, he confirms Christie’s call for cuts:
One big area of concern is employee costs, including not only pay but benefits. According to the governor’s association report, the average state worker now earns $39.83 an hour in compensation, including benefits, compared to an average of $27.49 in the private sector. The big differentials are in health benefits ($4.43 per hour in the public sector vs. $2.01 in the private sector), and in pension costs ($3.23 per hour in the public sector vs. 94 cents per hour in private industry). As the report noted, “To have any hope of achieving fiscal health in the future, states will need to redesign their benefit systems.”
The Feds mice doing mischief while we were not looking. While we were busy watching the elections returns the Federal Reserve announced they were printing $600 Billion (Confederate) dollars so they could buy US Treasury Notes. Oh yes! Because our dollar is so worthless the rest of the world is now refusing to buy our Treasury Notes giving us the money to continue our suicidal spending we will simply buy our own. This would sound stupid to a child who could see that one can not use Monopoly money to buy bread; it is only the politicians who can understand this kind of thinking.
I can only hope the 37 individual states which now have installed Republican governors and mostly Republican legislatures will pull themselves out of debt so when the federal government goes over the cliff there is a group of relatively solvent states to remake the nation. BB
Obama didn’t get it and he continued today in his little unrepentant mea culpa speech he continued to blame Bush, the Party of No Republicans and We the People. Heaven forbid he see the huge national finger pointing at him. Obama has made me ill for a long time now but today i really and truly gagged while listening to him.
The union members, CIO-AFL and SEIU Service Employees International Unions which covers most government employees, were scared or threatened by their leaders into electing the Democrats in New York, California and Nevada. They were afraid of the Republicans pulling a Christie on them and cutting their pensions, pay and health care benefits. The fact that these union perks for the government employees in New York and California are bankrupting the states.So these two states that are on the cliff and falling into bankruptcy will be coming to the rest of the country for their bail out. I can only hope the Republicans in the House stick to what We the people have told them and allows these two states to fall on their Democratic Asses. Then they will have to cut their spending regardless of how many union members have to give up the million dollar pension plans.
As far as Nevada and our dear old Senator Harry Reid, the union members in the casinos were bussed to the polling places to vote for Harry. He promised them the Card check which there is no way in Hell he will get thru this House. BB
- In: AFT American Federation of Teachers | Big Labor Unions | Education | NEA National Education Association | NJ Gov. Christie | Progressives Movement to Destroy America | public service employees | SEIU Service Employees International Union | States revolt | taking back our schools | teachers unions in politics | US in Revolt
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I am adamantly against government employees at any level of government from the city to the federal government. This puts the union leaders holding the tax payers in a choke hold! Government workers have the security of employment no matter what happens to the economy. Government workers are not laid off in a recession. This security of employment is enough in my opinion to secure the tax payer from intimidation such as you will see in these videos. Yes, this is the New Jersey Teachers Union but I promise you you can hear this sort of thing in any other state and any other union group.
Governor Chris Cristie of New Jersey has taken on the teachers unions as well as those of his state unionized workers in other areas. We need more governors like Chris Christie if we are to remove ourselves from the clutches of the thugs who own and operate the unions. Brenda Bowers
You really must listen to this. It is near impossible to fire a union member for almost any infraction. If it is done it takes sometimes years to get rid of an employee. Again I know well this video is about teachers but it can with justification be applied to all unions and union members.
From Maggie Thornton Maggie’s Notebook (Maggie Thornton)
This post is well worth reading. Governor Christie is on a roll and showing the country and especially the federal government just what has to be done to get our nation back to where it was supposed to be: independent and free! BB
Friday, July 9, 2010
New Jersey Governor Chris Christie is proposing a massive privatization program for the state. A 57-page report gives the steps necessary to save $210 million a year by putting many services in the hands of private enterprise. Finally we have an outspoken public champion of the private sector.Governor Chris Christie
Two thousand state employees may lose their jobs.
From North Jersey.com [my formatting]:
(1) State parks, psychiatric hospitals and even turnpike toll booths could also be run by private operators,
(2) Preschool classrooms would no longer be built at public expense,
(3) state employees would pay for parking
(4) private vendors would dish out food, deliver health care and run education programs behind prison walls.
The most controversial loss to privatization is the state withdrawing entirely from the state vehicle inspections:
New Jersey would close its centralized car inspection lanes and motorists would pay for their own emissions tests….
But the car inspection proposal is sure to stir up controversy in a state with a tortured history of privatizing emissions testing.Currently, New Jersey pays for the complete inspection process.
“One of the prettiest sounds on earth” is the Muslim call to prayer at sunset. Barack Hussein Obama as quoted by Nicholas D. Kristof in the New York Times – March 6, 2007
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