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Say It Ain’t So, Chris: Four More Years

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Broadway
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Re: Christie
Broadway   10/13/2011 8:37:08 PM
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I thought default was BAD. Hence why the eu is throwing bad money after good at Greece. Can someone help me here?

back2basicz
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Platinum
Re: Christie
back2basicz   10/12/2011 2:44:41 PM
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Broadway,

Majority of the States out there DON'T have sound finances,I am afraid so today.

Very few states stand up as models of fiscal Rectitude.

Sure they will get hit but the boost for the entire American economy will be enormous by this process.

Regards

Ashish.

Broadway
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Platinum
Re: Christie
Broadway   10/12/2011 2:38:27 PM
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Ashish, a complete reset of the financial system?? Though that might help states drowning in debt, by destroying the financial system would that not hurt the majority of states out there who have sound finances and manageable levels of debt?

back2basicz
User Rank
Platinum
Re: Christie
back2basicz   10/12/2011 3:00:04 AM
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ImpactNow,

You are very right with what you say here-The Parrallels between what Europe faces and what California,Illinois,Michigain,New York and New Jersey face could not have been more obvious today.

The Biggest problem is the massive debt burden and promised liabilities which will not be met.

A lot of people(& especially the politicians) are hoping that we start cutting spending now and we can overcome the massive debt overhang these states face.Unfortunately its too late for that.The time for fiscal rectitude has come and gone.

Now the only thing that will work is a complete reset of the Financial system by means of a Debt default and restructuring on a state level.Bankruptcy would actually be quite good for most of these states especially in light of completely unreal Retirement,Pension and Healthcare liabilities made by most of these states.

The first things to go will obviously we be the COLAs [Cost of Living adjustments]on Pension plans & early retirement plans[Retire at 52 and take a full pension for the rest of your life??? No way,Sir].

Then we will slowly and slowly start to see more and more services get cut;especially as Voters rebel (as you are now)against ever increasing property and income taxes.

Regards

Ashish. 

 

back2basicz
User Rank
Platinum
Re: LOL
back2basicz   10/12/2011 2:42:28 AM
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Broadway,

The important question to ask is this-

How did he get elected in the first place?

As you very rightly pointed out ,he is a mis-fit for NJ.

Or is it because voters in the state have shown unusual foresight and seen the writing on the wall-They are just a couple of years or so behind California in the bankruptcy stakes????

http://www.thedailycrux.com/content/8855/California

What do you think?

Would you give voters that much credit?

Regards

Ashish.

impactnow
User Rank
Iron
Christie
impactnow   10/10/2011 10:23:22 PM
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Bargain bin—what gives you that impression?:) I live in NJ and believed his promises we now see a state largely crippled. Our property taxes are egregious our education system is in shambles and we are drowning in as much debt as some EU countires.Yikes.Our young people can’t even afford to stay here and are running to PA and other states that are more affordable.

Bargain Bin
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Blogger
Hmmmmm.....
Bargain Bin   10/10/2011 12:46:50 AM
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I'm starting to get the impression that you're not too crazy about this Chris Christie guy.....

Broadway
User Rank
Platinum
Re: Christie
Broadway   10/9/2011 11:28:34 PM
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I don't think Christie wants the republicans. The party is in trouble right now, driven by ideologues who will drive away the middle voters in a general election, allowing a very beatable incumbent to win. Makes sense why Christie wants no part of that

impactnow
User Rank
Iron
Christie
impactnow   10/9/2011 12:12:10 AM
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Yes we in NJ we were  happy to hear the rumors of a presidential run after all it would have stopped the pain we are experiencing in NJ for a temporary period. Sorry Christie has not delivered on his promises especially reducing property taxes which are exorbitant. Mine alone went up 6% this year and my housing value went down 10%. The school systems are broken and there is no end in sight.  Are you sure the republicans don’t want him—we need relief not rhetoric.

Broadway
User Rank
Platinum
Re: LOL
Broadway   10/6/2011 10:42:38 PM
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From what I can gather, New Jersey doesn't really want much more of him either. He'll be lucky to be re-elected. He's smug and is too brutal of a fiscal conservative for a moderate, spend-thrift state like the Garden Basket. The guy is slashing public education all while his kids go to parochial school! Come on, such blatant hypocrisy doens't fly up north (it might fly in Georgia, on the other hand).

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