[Oldexpat]

This is another bubble about to slowly deflate. We can’t continue to offer public employees large salaries,unlimited health care, large defined benefit retirement and liberal retirement qualifications. The federal govt changed their plans some time ago...CA and other states and cities are really broke and shortly will not be able to sell bonds..it will be a battle in the courts, polls and at tax time.

[DManA]

This story is the most grossly under reported story going. It will be the biggest single driver of socialized medicine.

This is another bubble about to slowly deflate.

[tcostell]

I wrote about this very issue here:

http://freenj.blogspot.com/2007/07/civil-servants-gone-wild.html

It’s a much more serious problem than the media is letting on, and New Jersey is just the tip of the iceberg.