Pension Delusions
Earlier this month, Chris Christie, the Christiecrats, and a large faction of the the commentariat decided to pat each other on the rump over the "savings" that are allegedly coming from screwing public workers out of their justly earned compensation pension "reform."
Give great credit to the Asbury Park Press for seeing through this nonsense:
Give great credit to the Asbury Park Press for seeing through this nonsense:
Ordinarily, an annual savings of $267 million to state government is nothing to sneeze at. But when you’re talking about New Jersey’s unfunded liability of $54 billion to public workers’ pension funds, there really isn’t much to say except “gesundheit.”
Because that savings, which the Christie administration was crowing about last week, is a drop in
