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March 12, 2014

"Chris Christie Just Proposed The Largest Single-Year Pension Payment In New Jersey's History"

Take a good look, America: a lot of states are headed down exactly the same road as New Jersey.

During a budget address in Trenton on Tuesday, Christie said ballooning pension costs should prompt further reform. Nine out of every 10 dollars in the budget, he said, were consumed by pensions, health benefits and debt obligations. It's the result, he said, of too many past administration to ignore the pension obligations.

See also "No One Is Safe from Pension Disaster".

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