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Extra: Can New Jersey's Finances Be Fixed?

December 19, 2010 4:59 PM

Can the Garden State's dire financial state be fixed? New Jersey's Governor Chris Christie tells Steve Kroft he is determined to solve the problems.

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by huricaneed December 29, 2010 8:25 AM EST
We no sooner elect them and they go right back and spend over a billion on pet project and pork. WE need to really get on their cases about that. How dare they do that, were out here starving, losing our homes and going bankrupt and they just go along as if nothing has happened and show they just don't care.
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by mtbarrel December 22, 2010 1:25 PM EST
This story is a hoax. These states get in to a problem and right away its the workers and the students that pay for it. Oh, I guess those people should just go back to being twenty again. Only this time don't believe the states promise of money and heath care during retirement. A pension is like any other contact. You made the deal, now is time to pay! No one held a gun to their heads. Why doesn't Chris try defaulting on the municipal bonds owned by wall-street.I hope the people of New Jersey run this guy out of the state on a rail!! What is wrong with 60 minutes airing such one sided trivial.
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by rider808-2009 December 20, 2010 1:04 AM EST
At least the NJ governor is attempting to resolve their situation. The governor of Hawaii signed off on the EIS so that a useless fixed rail system can be implemented with funds from the Federal government that does not have the funds and despite a review that stated that the project will cost about $1 billion more than originally budgeted. Our future will suffer financially. Where are the funds to pay those who will build the rail system?
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by tschreiber December 20, 2010 12:33 AM EST
Much of the current financial crisis is related to the "meltdown" of our economy. A considerable amount of the pension crisis is related to failure of politicians to fund those systems for the last 17 - 20 years. Governor Christies' statement that those failures (basically legalized theft of funds to cover pension liabilities for the purpose of "lowering" taxes)are ancient history, papers over the irresponsible actions of elected officials taken to allow inappropriate expenditures of collected taxes. As the economy improves, revenues should (as they have historically)increase and resolve mucvh of the current shortfall. The type of cuts the governor has made, imperil the mid to long term competiveness of, not only New Jersey, but also the nation. If we fail to educate our citizens and refurbish our infrastructure, then we will not long remain in control of our destiny.

Thomas Schreiber
1833 Viola Ln
Hellertown, PA 18055
e-mail tschreiberpa@aol.com
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