The lines have been drawn.
Republican Freeholders Lillian Burry and William Barham said "thanks but not thanks" to Governor Corzine's offer to defer 50% of the county's pension payments until 2012.
Good for them. Corzine's plan is an expensive gimmick, the likes of which have caused New Jersey to be in the fiscal mess that it has found itself in for the last several years.
Too bad the Republicans can't "burrow" the pension payment and send it in now. It is not due until April when the Democrats will be in control. Will the Democrats join Corzine in conning the taxpayers into thinking they are saving money and reducing taxes? Will Monmouth County become Bergen County with beaches or will the Democrats follow the same conservative fiscal policies that the Republicans have implemented over the last 20 years?
With control of the Freeholder board on stake again next year, Barbara McMorrow's seat is up, it will be mighty tempting for the Democrats to deploy the gimmick and claim that they are controlling taxes and spending, when in fact they would really be borrowing money from the pension plan at high interest rates.
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4 comments:
FYI GOP has benefitted for years by paying less then the full pension nut, resulting in artificially low taxes. Enough of the partisan nonsense. Time to deal with specific issues and call them on their merits. BS like Burry came up with a legal defense on the new flood maps does not fool the swing voters just the idiots. The GOP can not win back the majority with political spin like this, this kind of crap only wins County Committee votes not general elections.
Can you say, "Enron"?
answer the question: NO!!
Anonymous said...
answer the question: NO!!
I disagree. I think they can but I doubt they will.
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