Stay updated with breaking news from Pension thing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Who are unwilling to make the hard choices and look people in the eyes and say, no, you ll take less money and short the pension fund. that was the defining feature! that was the whole thing. people forget that the theme of tough talking and taking on the teacher s union was all about this central policy issue, which was getting the pension finances right. and here he is, you know, a term and a half in, and the pension finances are still a mess. and don t forget, the way he got that pension thing senator lesniak, he brought democrats on board with this. he brought one of the sort of dirty secrets of chris christie s governorship, how does he succeed as a governor in a blue state getting something like that through. there s a big democratic boss that basically runs south jersey, and chris christie made an alliance with that guy and chris christie got all those democrats onboard and that s how he got pension reform through. do you think his skills as a retail politician, which ....
Has elected a series of cowards who are unwilling to make the hard choices and look people in the eyes and say, no you ll take less money and short the pension fund. that was the defining feature! that was the whole thing. people forget that the theme of tough talking and taking on the teacher s union was all about this central policy issue, which was getting the pension finances right. and here he is you know a term and a half in and the pension finances are still a mess. and don t forget the way he got that pension thing senator lesniak, he brought democrats on board with this. he brought one of the sort of dirty secrets of chris christie s governorship how does he succeed as a governor in a blue state getting something like that through. there s a big democratic boss that basically runs south jersey, and chris christie made an alliance with that guy and chris christie got all those democrats onboard and that s how he got pension reform through. do you think his skills as a ....
This central policy issue, which was getting the pension finances right. and here he is, you know, a term and a half in, and the pension finances are still a mess. and don t forget, the way he got that pension thing senator lesniak, he brought democrats on board with this. he brought one of the sort of dirty secrets of chris christie s governorship, how does he succeed as a governor in a blue state getting something like that through. there s a big democratic boss that basically runs south jersey, and chris christie made an alliance with that guy and chris christie got all those democrats onboard and that s how he got pension reform through. do you think his skills as a retail politician, which i think are quite good. amongst the best. right, you would say this? descriptively, he s very good at working a room, very good at working crowds. i find his kind of blustery shut up thing unappealing. i think some people find it appealing. but even when he s not doing that, he s v ....
Highway trust fund. the companies will have to put the money into the pension fund but it falls odd the ten year budget window congress uses to decide if the bug is balanced, it doesn t count. you re not creating revenue. you re pulling revenue from the future into the present. exactly. because of the ten-year thing. the amount of revenue this will generate over ten years is enough to fill the highway trust fund back up for five more months. so this buys us five months and then in january we have to come back and find a new gimmick. we can t use the pension thing because we already used it. the funny thing is when you cover congress, where everything has to be paid for, this thing known on capitol hill as pension smoothing is everybody s favorite gimmick paying for. can we do pension smoothing? when you talk to people about this nobody really opposes it. they just want to make sure it s spent on what they want. democrats want to use this to ....
The the companies will eventually have to put the money in the pension funds so later they ll pay less corporate tax. if it falls outside the ten-year window that congress uses to decide whether it s balanced, it doesn t count. you re not creating any new revenue. you re pulling revenue from the future into the present. exactly. because of that ten-year thing. the amount of revenue this will generate over ten years is enough to fill the highway trust fund back up for five more months. so this buys us five months then in january we ll have to come back and find a new gimmick to put money in highway trust fund. can t use the pension thing because we already used it. the funny thing about this, when you cover congress in the era of pay go, where everything has to be paid for, this thing which is known on capitol hill as pension smoothing is like everyone s favorite gimmick pay for. you got new expenses. can we do pension smoothing on that? nobody really opposes doing it. they wa ....