Gov. Christie: Taxpayers Are Not 'Money Trees'

Friday, 25 Mar 2011 02:23 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
On the day when one poll showed New Jersey Gov. Chris Christie is the favorite of Republican primary voters, he continued his tough, straight-talk speech during his 10th town hall meeting, the Nutley Sun reported Friday.

chirstie, taxpayers, money, treesHe focused on the state’s budget shortfall, teacher tenure, and pension reform during the meeting.

The past decade of budgeting has been akin to the government taking money from tax payers whenever it needed it, like if they were a “money tree,” he said. That has left the state with a $70 billion budget shortfall.

Christie pushed through reforms requiring state workers paying 1.5 percent more for their health insurance.

"Reforming pension and health benefits is the ticket to long-term fiscal stability," Christie said.

New Jersey is paying $4.3 billion in benefits for current and retired employees, and the public pension system is about $45 billion underfunded, Christie said. That system would likely be broke by 2020, he said.

He has proposed a number of changes, including increasing the retirement age, and requiring state employee put more money toward their pensions.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved