Wednesday, May 21, 2014

Chris Christie effectively raids public pension fund to pay for budget shortfall

Chris Christie, chief con man of NJ admitted today that the state had an "unexpected" budget shortfall.  The question is, unexpected by whom?  A blind rat?   By the elite who don't know that the middle class is in full-on collapse?  In any case, those complicit fools who have been helping the state get bigger and fatter (AKA government employees) turn out to be the biggest patsies of us all because their pension is controlled by government.  When government runs a shortfall revenue budget, it can just fail to make required payments to the pension fund.

But not to worry man.  The short fall was unexpected, not normal.  So don't expect it to happen again.  It was a one off, act of God, definitely force majure.  In fact, next time a $2.3 billion payment is due, we'll just double down on that payment and make up the shortfall.  Aw, come on.  Don't look at us like that, don't you trust us??   We're good for it!  It will probably happen in a year or two because we foresee clear skies going forward and there should be plenty of free money from the dying middle class in order to support your fat, undeserved pensions of the kind that nobody outside of government ever gets these days...

What cannot be paid will not be paid.  Public pensions are going to collapse before the credit crash is done.

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