Christie Scores Legislative Victory Against Public Unions

According to The New York Times, New Jersey’s Assembly passed a bill 46 to 32 today that would “sharply increase what state and local workers must contribute for their health insurance and pensions, suspend cost-of-living increases to retirees’ pension checks, raise retirement ages and curb the unions’ contract bargaining rights.”

New Jersey’s government estimates the bill will save $132 billion over the next 30 years.

This legislation could not have come sooner for New Jersey. The state’s pension funds’ future liabilities currently exceed their assets by $54 billion.

Governor Christie continues to do what Washington cannot — reduce the bloated size of government and rein in union entitlements.

It is a shame that he is not running for President.

About Sean Patrick Hazlett

Finance executive, engineer, former military officer, and science fiction and horror writer. Editor of the Weird World War III anthology.
This entry was posted in Business, Finance and Economics, Media, Policy, Politics, Taxes, Unions and tagged , , , . Bookmark the permalink.

4 Responses to Christie Scores Legislative Victory Against Public Unions

  1. Chris Van Trump says:

    Give it time. If he gets positive results in New Jersey, he might decide to make the attempt in 2016.

    It’d be an interesting campaign, if nothing else.

  2. Charles McCormack says:

    Christie is still an experiment-in-the-making. He has certainly demonstrated leadership, but it’s way too early to tell if anything he’s done will bear fruit. I seem to remember a certain Governator who won some early successes with bipartisan support when he took office and who seemed to be on his way to winning a political Oscar (there was even talk about changing the Constitution to allow him to run for Prez). Fast-forward a few years and we now see California in deeper trouble and Ahhnold mired in scandal and self-destruction. I totally agree with one thing Christie said: Obama needs to be directly involved in solving our fiscal mess.

    • Chuck,

      I think your characterization of Christie is spot on. He is certainly taking action in his state, but we won’t know for several years if these actions will result in a more productive state. It should be interesting to watch though.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.