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Jul 30th
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Opinion

A Real New Jersey Mess: The Pension Sinkhole

A Real New Jersey Mess: The Pension Sinkhole
BY JOE SINAGRA
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION

Democrat Governor Jim Florio was the first to use the pension fund as a fallback piggy bank in a time of crisis.

In 1992, facing a budget shortfall, Florio pushed through the Pension Revaluation Act with unanimous support in the legislature, reducing taxpayer contributions to the public retirement plans by $1.5 billion.

This scheme was accomplished through the financial deception of introducing a more optimistic method of evaluating pension system investments. The end result was to make the retirement plans’ finances “look far rosier” than they really were, by lifting the projected rate of return on the fund’s investments to 8.75% from 7%.

 

Are Soldiers Under a Democrat Less Dead Than Under a Republican?

Are Soldiers Under a Democrat Less Dead Than Under a Republican?
BY JOE SINAGRA
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION

Hear my words that I might teach you

Take my arms that I might reach you

But my words, like silent raindrops fell

And echoed in the wells of silence

~ ...

The Insurance That is All About Nothing ...

The Insurance That is All About Nothing ...
BY JOE SINAGRA
SPECIAL TO NEWJERSEYNEWSROOM.COM
OPINION

New Jersey Congressman Frank Pallone and his cronies like to say they want people to be insured and have a good policy when it comes to health insu...

Pennacchio: Rutgers Faculty Shamefully Attack Condoleezza Rice

Pennacchio: Rutgers Faculty Shamefully Attack Condoleezza Rice
BY BRADLEY SCHNURE
SPECIAL TO NEWJERSEYNEWSROOM.COM

Senator Joe Pennacchio (R-Essex, Morris, Passaic) issued the following statement today on Rutgers faculty's shameful attack on Condoleezza Rice:

"Rutge...

Why Gov. Christie's Priorities are Out of Whack - According to N.J. Dem Chairman Currie

Why Gov. Christie's Priorities are Out of Whack - According to N.J. Dem Chairman Currie
NEWJERSEYNEWSROOM.COM

TRENTON –  New Jersey Democrats are questioning Governor Chris Christie's priorities after he postponed – for the second time – his first town hall meeting with New Jersey re...

A N.J. Perspective: When Women Succeed, America Succeeds

A N.J. Perspective: When Women Succeed, America Succeeds
BY RUSH HOLT
U.S. REPRESENTATIVE FROM N.J.'S 12TH DISTRICT
COMMENTARY

After decades of pioneering work by women in New Jersey and around the country, outright sexism has become uncommon in American workp...

Cardinale: While Pushing for a Zero Tax Cap, Sweeney Can’t Bail on Sick Leave Reform

Cardinale: While Pushing for a Zero Tax Cap, Sweeney Can’t Bail on Sick Leave Reform
NEWJERSEYNEWSROOM.COM

Senator Gerald Cardinale (R-Bergen) wants to work with the Senate President to finally pass bipartisan-sponsored sick leave legislation that mirrors a bill sponsored last session ...

Find Out What N.J. Senate President Steve Sweeney calls 'Appalling'

Find Out What N.J. Senate President Steve Sweeney calls 'Appalling'
BY CHRIS DONNELLY
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Senate President Steve Sweeney issued the following statement in light of the Senate Legislative Oversight Committee’s hearing on Sandy aid:

“...

Jerseyans Cringe at CBO Report: Obama’s Policies will Slow Economic Growth over the Next Decade

Jerseyans Cringe at CBO Report: Obama’s Policies will Slow Economic Growth over the Next Decade
BY MICHAEL BUSLER
SPECIAL TO NEWJERSEYNEWSROOM.COM

The Congressional Budget Office, a nonpartisan federal agency that provides economic data to Congress, just released a report on the federal budget and...

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