Author Archive
A strong warning on New Jersey’s vulnerability to the next recession
Posted On05/22/2019 byThe Star-Ledger reports that the rating agency Moody’s singled out New Jersey as one of the two states unprepared for a recession. With its progressive tax code and its pension funds invested heavily in the stock market, both state revenues and pension assets would be hit hard. In a particularly alarming warning, Moody’s predicts that…Read More
Sen. Sweeney Raises Two Key Points About the NJEA’s Dark Money
Posted On05/21/2019 byThe senator makes two key points: 1) this secret funding raises questions about just how much influence the NJEA has over the governor; and 2) the NJEA’s membership may not know what the NJEA is doing with their dues. The full quote from Sen. Sweeney: “I’m bothered the governor is so connected to a point…Read More
The Star-Ledger’s Tom Moran condemns public union shout-down tactics
Posted On05/20/2019 byAt a Rutgers town hall on his “Path to Progress” pension and health benefit reform plan, senate president Sweeney got shouted down by CWA members in the audience. New Jersey has a serious pension and benefits crisis. For too long, reform efforts have been stymied by a vested interests that don’t want reform. For too…Read More