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no_hypocrisy

(54,888 posts)
1. NJ public employees face a similar ticking time bomb.
Sat Feb 16, 2013, 10:20 AM
Feb 2013

Since Christine Todd Whitman, the funds for pensions haven't been paid into investments or into accounts. They've been "re-routed" and "borrowed" to pay the general state fund. In other words, legal embezzling. We're talking billions of dollars. So toxic that even democrats aren't talking about it. My guess is that Chris Christie is going to declare the funds won't have to be replaced and that retired teachers and police and fire fighters will be on their own because he'll claim that NJ just doesn't have the money to repay the missing money.

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