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Gas Tax To Prop Up Pension Fund


  1. Tom Dilberger wrote:
    I’d wonder what genius came up with that great idea? Yeah, that’s the ticket

    Tuesday, December 13, 2016 at 9:29 am | Permalink
  2. Anonymous wrote:

    Thus making the pensioners self employed. They are going to be titans of their own big businesses, no? Their CEO’s are the left wing, give the folks everything for free, captains of industry, share the wealth leaders, yeah sure.

    The infrastructure will really get fixed now.

    Tuesday, December 13, 2016 at 10:43 am | Permalink
  3. Aileen Fahy wrote:

    Although this seems quite black and white, I’m not going to take it alone as evidence of the truth. The Zero Hedge blog’s information is not always on the up and up. Google it and you’ll see. I decided to use the Post article (although there are many others) to show it’s not just the left pointing at the right. The lead author probably has an ax to grind, as he has been barred from the securities industry. Just wanted to point out that we can always look further into things.

    Tuesday, December 13, 2016 at 4:13 pm | Permalink
  4. OLD MAN wrote:

    Who’s on first? Only the titans of the unions could have come up with this. A brilliant idea.

    Tuesday, December 13, 2016 at 4:18 pm | Permalink
  5. Aileen Fahy wrote:

    This is the bigger problem. Cronyism at it’s best by our Gov. (Try not to watch the pop up video with Kanye West and the Donald)

    Tuesday, December 13, 2016 at 4:26 pm | Permalink
  6. Anonymous wrote:

    The 7 Dials, finally exposed.

    Tuesday, December 13, 2016 at 7:17 pm | Permalink
  7. Jim Bean wrote:

    Not even close Aileen. Promises are made with your children’s tax dollars for political support today. AKA… vote buying with taxpayers money. The #1 guilty party is the corrupt liberal politicians and the unions they pay off for votes. ALL public sector unions are voting for their next pay raise. That is the bigger problem. They will all go bankrupt as every liberal institution does, and drag us down with them because they eventually run out of other peoples money.

    …and Christie is a RINO that begged Belmar to go $6 million into debt for 2 building on the beach. He is a disgrace. My friends and family proudly voted against him his last election.

    Tuesday, December 13, 2016 at 8:23 pm | Permalink
  8. Summer Timer wrote:

    The state pension system is unsustainable and needs to be renegotiated. How on earth will the state find 136 billion to fully fund the short fall?

    Tuesday, December 13, 2016 at 10:28 pm | Permalink
  9. Tom Dilberger wrote:

    Here’s some of ideas that will help a bit. A hiring freeze of five years across the board of all state employees. When hiring resumes, all new hires will make significantly less with shared pension funding. At the same time, reduce welfare payments and put the saved monies into the pension as it exists now (we don’t owe non-workers anything but the bare necessities to stay alive). And, as was suggested by #8, try to get the public service unions to see reality and renegotiate their contracts in good faith.

    Wednesday, December 14, 2016 at 7:59 am | Permalink
  10. Summer Timer wrote:

    The corporate and resident tax structure in NJ is totally upside down…. We pay the highest state tax load in the country…. Corporations and wealthy individuals keep leaving NJ, for states that are tax friendly…. The state cant afford to have residents like David Tepper leave for a more favorable tax environment…..

    Wednesday, December 14, 2016 at 8:48 am | Permalink
  11. ALLTRUMPEDUP wrote:

    First- In 2011 the public unions agreed to massive concessions regarding pension contributions and benefits, it’s called Chapter 78, look it up.
    Second- Christie has FAILED to keep his promises in contributing the States share into the system. THAT along with past practices of borrowing money from the system, and not paying it back, allowing towns to stop making contributions (seven years under Whitman) and literally gambling away the assets (purchasing shares in failed A.C. Casino projects) are the sole reason the pensions are broken. PERIOD…..

    Wednesday, December 14, 2016 at 8:53 am | Permalink
  12. Tom Dilberger wrote:

    #11 – Sir, I don’t think the public service “unions” agreed to any “massive” concessions. We must understand public service workers are by nature non- productive. We have no more ability to pay these non-productive workers their wages and,or pensions. It was their representatives who should have been watching out they didn’t take too much but their greed got the better of them. Now, they must make the best deal they can or the state will just have to mandate “concessions.” That’s the way of economics. When there is no more money, cuts have to be made.
    As far as Christie “failing,” yes and no. In my opinion, because of the makeup of the legislature, he was doomed from the beginning. The Democrats weren’t/aren’t going to allow him to do the right thing when it comes to spending. After all, most of their constituents are takers – meaning they contribute very little to the tax base. So of course, they don’t want to see spending cut. What difference does it make to them?

    Wednesday, December 14, 2016 at 9:26 am | Permalink
  13. Summer Timer wrote:

    The title of this article should be “Union Ponzi Squared”. How much more tax dollars can NJ take from us, to try and make good on a bad Union deal? Politicians, don’t want to tell us the truth, the pensions are not sustainable at the current rate. They lie because they want to get elected and reelected. How on earth can the Rutgers Head Football Coach earn $2 million per year, then the state comeback to the tax payer and say we need to raise your taxes. The state is wasting our tax dollars, it is impossible, with the taxes NJ is paid, not to have enough money. When my youngest child is finished with High School, I will make my Florida home, my primary residence, living there 6 months and 1 day per year.

    Wednesday, December 14, 2016 at 11:08 am | Permalink
  14. Feisty wrote:

    Tax big business more and end tax deal to the wealthy to fund the pension. Stop screwing over the teachers and cops with a bogus pension fund

    Wednesday, December 14, 2016 at 1:04 pm | Permalink
  15. Summer Timer wrote:

    #14…. That is a very poor strategy, because all the corporations and wealthy individuals are leaving the state…. Good luck taxing non-residents….. When David Tepper moved his bussiness and residence to Florida our state lost $150 million in tax revenues per year… The state has ZERO power to keep corporations and the wealthy in NJ when they have to pay an unfair tax burden…. There are many other states to reside and operate a bussiness that have favorable tax rates…

    Wednesday, December 14, 2016 at 1:26 pm | Permalink

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