Gov Christie gets to crow in his speech about NJ. Christie maybe a thug, but got to give credit when due. Question is, what will the numbers look like after the Federal government revises numbers like it always does a month or two later?
Showing posts with label New Jersey. Show all posts
Showing posts with label New Jersey. Show all posts
Thursday, June 14, 2012
New Jersey bucking recession
I don't know the details of the numbers, but apparently New Jersey in May added 25% of the TOTAL new jobs created in the country, at 17,600. I am not sure if that is a slap on the country low job creation, or a huge plus to living in New Jersey. Of course, out the 17600 jobs, quite possible 17,000 pay less than 10 bucks an hour, so the devil is in the details.
Gov Christie gets to crow in his speech about NJ. Christie maybe a thug, but got to give credit when due. Question is, what will the numbers look like after the Federal government revises numbers like it always does a month or two later?
Gov Christie gets to crow in his speech about NJ. Christie maybe a thug, but got to give credit when due. Question is, what will the numbers look like after the Federal government revises numbers like it always does a month or two later?
Tuesday, December 21, 2010
State and Local governments bankrupt
Back in 2008, I posted on how the bankruptcies would eventually spread states. I was a TAD bit early. Sixty minutes posted a video on how the states are bankrupt. While I welcome the recognition by main street media, I am constantly bewildered how long it takes media to pay attention to these crisis situations.
NJ Governor Chis Christie pulls no punches.
"This is different, isn't it?" Kroft asked New Jersey's governor, Chris Christie.
"It is very different," Christie said. "The reason it's different is because the only choices left are choices that people previously have said were politically impossible, that you couldn't do. You couldn't cut K to 12 education funding. You couldn't do those things. They were, you couldn't talk about pension and benefit reform for the public sector unions. That were third rails of politics. We are now left with no alternatives."
"Just the third rail?" Kroft asked.
"Yeah, that's it. I'm just gonna grab it and go, and let the chips fall where they may," Christie said.
"This is unsustainable, right?" Kroft asked.
"Totally unsustainable. We have a benefit problem," Christie said. "It's not an income problem from the state. It's a benefit problem. And so we gotta change those benefits."
NJ Governor Chis Christie pulls no punches.
"This is different, isn't it?" Kroft asked New Jersey's governor, Chris Christie.
"It is very different," Christie said. "The reason it's different is because the only choices left are choices that people previously have said were politically impossible, that you couldn't do. You couldn't cut K to 12 education funding. You couldn't do those things. They were, you couldn't talk about pension and benefit reform for the public sector unions. That were third rails of politics. We are now left with no alternatives."
"Just the third rail?" Kroft asked.
"Yeah, that's it. I'm just gonna grab it and go, and let the chips fall where they may," Christie said.
"This is unsustainable, right?" Kroft asked.
"Totally unsustainable. We have a benefit problem," Christie said. "It's not an income problem from the state. It's a benefit problem. And so we gotta change those benefits."
To be fair, New Jersey didn't fund the pensions 13 of the last 17 years. But there is no going back now....and instead the state employees will get hit. Every year NJ didn't fund the pension there should have been marches on the capitol to insist to alway fund. Water under the bridge now.
Video well worth the watch.
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