During his budget address on Tuesday Gov. Chris Christie once again blasted the public sector pension and benefit system, calling it bloated and “exorbitant.”
Gov. Chris Christie will delivers his budget address Tuesday afternoon at the statehouse, in his first public appearance since coming off of the campaign trail.
Since delivering his State Budget Address in February, Gov. Chris Christie has used his town hall meetings throughout the state as a vehicle to call for more public employees' pension reform. He has repeatedly said that the unfunded liability for pensions and health benefits is almost three times the state budget. Republicans in the Legislature are supporting Christie, but the top Democrat in the
After underfunding the state's public employees' pension system, State Senate President Steve Sweeney said public worker unions have no reason to trust Gov. Chris Christie.
In New Jersey there are huge issues that need to be addressed in 2015, but one veteran pundit said the aspirations of the state's top two politicians will likely dictate what is accomplished and how it is accomplished.
Public worker unions continue to join in the legal action against Gov. Chris Christie's plan to significantly slash pension contributions over the next two years, but the governor doesn't seem worried at all.
Standard and Poor's is warning that it could downgrade New Jersey's credit rating in the next three months due in part because of the state's reliance on one-shot budget balancing gimmicks.
Treasury Secretary Timothy Geithner says the government has begun borrowing from the federal employee pension fund to keep operating without surpassing its debt limit.