she fights back against critics but probably one of the things you should do when your governor is pick your fights a little more carefully. don t shoot down. she shouldn t be fighting with chris matthews or keith ownerman. you re right. and i hope i didn t incite anyone. chris: juan? if never occurred to me this is more evident she might be running for president. i think she hurt herself. i don t say that with satisfaction. thought she didn t need to respond and bringing in this blood libel comment, which the word had been used in wall street journal but gave her opponents an opportunity then to bring in the business of the congress woman being jewish, and just thought it was unnecessary and did not raise her stature. and chris, this is the dell lima with sara palin.
eliminate quote yaz to be able to calculate pensions better reduce them by 9% increase and increase employee contributions. those are real hard reforms. and what this will do is cut it in half. has public employee unions given an indication they re go to go along with these ideas? they haven t. the democratic state legislature promised me that as part of the property tax relief we ll pass real pension benefit reforms. so that going to be the first for first quarter. chris: you talked about one of the reasons you had to cut education is that stimulus within ran out. having said that you revised republican leaders here in the house when governors like me come and ask for more aid, don t give to it us. that is the worst thing you can do. it s time to make tough decisions. you look at what s happening with medicaid.
unwillingness to join shared sacrifice. chris: so what do you do? let s take a look. at the financial situation that you face in new jersey. have you unfunded pension liabilities, state workers, supposedly a $54 billion. some say it s triple that. new jersey ranks number 48 among states and business tax climates. we just saw illinois raise personal income taxes by 67% to raise corporate taxes by 45%. you re not going do that. how do you get out of the crunch? the terrible debt you re in? last year we cut spend big 9% in a year cutting every department of state government. we were, before i became governor, 50th engineer business tax. now 48th. and i m not taking out an ad but make prog gres. and unfunded pension liability there is a proposal saying raise retirement age, and
about and you ll probably contest this apparent flip flops in your position nchl your book you oppose a bailout. write whgt rain started to fall on america s picnic washington hung out a plastic tarp to protect us. ever wonder why they call these tarp funds? good intentions maybe but a bad decision. governor in, 2008 you defended john mccain s plan during the campaign for a huge bailout as long as some of the billions of dollars would go to main street as well as wall street. let s take a look at back then. if we don t do do something is to get at the root of the cause declining home values he believes the problem is going continue to spiral. he s trying to get at the root kauts, home values and bad mortgages. is that not a flip on bailouts? no. i was playing in the role of speaking for senator mccain in his views on 2008. and as a look at the tape.
two reasons. i have a commitment to the state. i ve been governor for a year. new jersey s problems are not fixed. there is hard work to do. chris: do you think you can help new jersey more in the white mouse? no. and you ve got to believe in your heart you re ready to be president. i m not there. chris: why not? seriously? you say you answer questions. in what way are you not ready? listen, i think every year as governor in a big state like new jersey would make you better prepared to be president. after one year of governor, i m not arrogant enough to believe after one year as governor of new jersey ask seven years as united states attorney i am ready to be president of the united states. i m not going to run. chris: i heard you say it makes sense somewhere down the line. 2016 or 2020. one of the things obama learned and showed news 2007 when it s your moment you ve got to move. that is the decision he