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Thread: New Jersey Gov. Chris Christie Feb 11 speech

  1. #1
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    New Jersey Gov. Chris Christie Feb 11 speech

    Wow, this was one hell of a speech, I heard about it, but, I never saw the complete speech....

    http://www.nj.com/politics/index.ssf/20 ... _budg.html

    Let’s tell our citizens the truth—today—right now—about what failing to do strong reforms costs them.

    One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits -- a total of $3.8m on a $120,000 investment. Is that fair?

    A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career. What will we pay her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime. Is it “fair” for all of us and our children to have to pay for this excess?

    The total unfunded pension and medical benefit costs are $90 billion. We would have to pay $7 billion per year to make them current. We don’t have that money—you know it and I know it. What has been done to our citizens by offering a pension system we cannot afford and health benefits that are 41% more expensive than the average fortune 500 company’s costs is the truly unfair part of this equation.
    The problem with socialism is that you eventually,
    run out of other people’s money.
    ” - Margaret Thatcher

  2. #2
    Moderator Matt Molnar's Avatar
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    Re: New Jersey Gov. Chris Christie Feb 11 speech

    NJ Transit just announced a big fare hike...Christie scolded them, saying they should renegotiate their union contracts before raising fares. Doubt that will happen, but it's refreshing to hear someone say something like that in this neighborhood.
    Ladies and gentlemen, this is your captain speaking. We have a small problem.
    All four engines have stopped. We are doing our damnedest to get them under control.
    I trust you are not in too much distress. —Captain Eric Moody, British Airways Flight 9

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