[Libloather]

NJ pension system gap grows to $46 billion

[Oceander]

yada, yada, yada. Live by the sword, die by the sword. Perhaps the author should have been paying more attention to what the feckless politicians were doing, and a little less time following the orders of his union bosses with unquestioning obedience.

[Koblenz]

What the article doesn’t mention is what the average teacher puts into the system versus what they get out of it.

[hinckley buzzard]

Then their money was basically stolen.

Gotta love it when a bunch of liberals discover they are not immune to the laws of economics.

[Brad from Tennessee]

NJ TEACHERS UNION BOSS MADE $550,000 IN 2007

Gov. Chris Christie ratcheted up his fight against the state’s largest teachers union today, criticizing its director’s half-million-dollar payday and saying districts could get cash back if teachers give up raises.

Christie said the pay package for the New Jersey Education Association’s Vince Giordano was “shocking” — more than $421,000 in salary and $128,500 in benefits in 2007 — and called the union part of the state’s “shadow government.”

“Everybody has a right to make a living, but $550,000 for the executive director of the NJEA? It’s outrageous,” Christie said. . .

http://www.nj.com/news/index.ssf/2010/03/nj_gov_chris_christie_gears_up.html

[Psycho_Bunny]

Sounds like a liberal who was mugged and remained a liberal.

In other words: an idiot.

[givemELL]

Shedlock issued a piece today detailing all the states. The States have $5.17 trillion total pension obligations. They only have $1.94 trillion set aside. There is a GAP of $3.23 trillion. The pensions can never be paid.

http://globaleconomicanalysis.blogspot.com/2010/03/states-have-517-trillion-in-pension.html

[guitarplayer1953]

UNLESS YOU TIE OUR HANDS WE WILL CONTINUE TO STEAL YOUR MONEY!

[freekitty]

There should be a tax on the putrid stench of government paid directly to the taxpayers. We would all be millionaires.

[Hardastarboard]

First, they’re vilifying public employees by appealing to the private sector: “How dare those people have pensions when the rest of you do not?”

Look for this to be the theme when they come for our 401k's. (yes, I know pension is different than 401k - the issue is using envy, like libs always do).