New Jersey is broke. That fact is not in dispute.
But greedy public employee unionistas sued to force Governor Chris Christie into fully funding their gold-plated pension system. And an activist judge said “yes.”
In a significant blow to Gov. Chris Christie, a judge ruled today that the governor broke a law he signed by cutting $1.57 billion from a pension payment this year, and must now work with state lawmakers to restore the money.
Superior Court Judge Mary Jacobson sided with a group of public worker unions who sued to stop Christie from slashing the payment to New Jersey’s retirement fund for hundreds of thousands of government workers after his administration’s revenue projections fell far short and left a gaping hole in the spending plan that began last July 1.
The decision could blow a massive hole in the current state budget, sending the Republican governor and the Democratic-controlled state Legislature scrambling to come up with the funds by June 30, when the fiscal year ends.
State Assembly Majority Leader Lou Greenwald said today he doesn’t know where they would find $1.57 billion in this year’s $32.5 billion budget and warned it would take “draconian” cuts to accomplish.
“The impact on programs at the end of the year would be devastating,” Greenwald (D-Camden) said.
Be careful what you wish for, you might get it.
The only way to fully fund the bloated pension system’s overly generous benefits is to cut discretionary spending.
So Governor Christie, cut. And then cut some more.
Decimate every sacred cow near and dear to New Jersey’s libtards; cut state aid to education, slash municipal assistance, refuse to spare Medicare, and layoff legions of unnecessary unionistas.
Hit ’em where it hurts.
The retirees get their bloated pensions, but everybody under 40 gets screwed. Let’s see how long that equation remains viable.
I give it 15 minutes.
Then the folks who still have jobs will decide to cut their losses and let the “biological solution” take care of the grumpy grifters.
Or not. In the end it doesn’t matter who gets screwed, so long as it’s not us taxpayers.
Chris Christie wants to be president. Ergo, he won’t raise taxes to satiate the pension behemoth. So whatever constituency does get hosed, I’ll be the guy over there laughing in the corner.