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Christie: 'I Don't Know' Who Romney Will Pick for VP

The governor accuses statehouse Democrats of holding his tax cut plan 'hostage' during a stop in Manasquan.

 

Gov. Chris Christie said today he does not expect to be former Massachusetts Gov. Mitt Romney's pick for vice president.

"Hopefully (Romney) picks a smart, well-qualified person who's ready to be president and ready to support him as president," Christie said Monday in Manasquan. "Who that's going to be? I don't know. I assume we're going to hear relatively soon what his decision is."

The governor, who is set to head across the U.S. this week to campaign for Romney, kicked off his tour of the Jersey Shore at the Manasquan Pavillion, where he touted the tax cut plan that he said statehouse Democrats are "holding hostage."

Christie, fresh off what he described as much-needed vacation after getting into a verbal scuffle with a passerby on the Seaside Boardwalk earlier this month, pounded the "Corzine Democrats" in the state Legislature for trying to stall the state's economic recovery by holding his proposed 10 percent tax cut "hostage" until they see how much revenue Trenton pulls in this year. 

Citing a CNBC report that ranked New Jersey as the fourth-best state in the U.S. for job creation in 2012, Christie said that last year his administration created the most private sector jobs in the state since 2000—and 2012 was on pace to be even better, he said.

Since taking office, Christie said his administration has added nearly 85,000 new private sector jobs. 

Christie, with the Manasquan River Inlet behind him and Manasquan beach to his right, told a crowd hundreds gathered at the Manasquan Pavillion to urge the state's Democratic lawmakers to vote for his proposal to cut state income taxes for all New Jerseyans by 10 percent, which he said would result in even more job creation.

"If we cut taxes now, we're going to add even more jobs and put even more gasoline on this recovery, and it's going to burn even faster and brighter and help your neighbors and your friends who aren't at work to get back to work," Christie said.

Christie credited his policies of cutting spending and lowering taxes with injecting optimism into the state's business community, which he said has responded by hiring workers and investing in the state's economy.

"They feel the comeback and they're putting their money where their mouth is by putting more people to work," Christie said. 

Christie held up two recent Farleigh Dickinson University polls of New Jerseyans in which a majority of respondents said the state was headed in the right direction—the first time in 11 years the university gathered data in two consecutive polls in which a majority of respondents felt that way, he said.

The governor also took several shots at what he described as the Legislature's "Corzine Democrats," a phrase he used roughly a half-dozen times Monday, for allegedly trying to raid the pockets of individual taxpayers and businesses.  

"The only people who don't recognize this comeback and are routing against it are the Corzine Democrats in Trenton because it's in their political interest," Christie said. 

Although the governor said he doesn't know who Romney's vice presidential pick will be, Christie did not definitively say he wouldn't accept the nod, either. 

"For my sake I hope I'm right here (in 2013), making sure that New Jersey continues to move in the right direction and not get off on the wrong track again if I go (to Washington, DC)."

Related Topics: Manasquan and gov. christie

Penn Cross

6:11 pm on Monday, July 16, 2012

I'm surprised the Manasquan Dems didn't try running him out of town.

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The Truth

9:45 am on Tuesday, July 17, 2012

This was taken from the comments section of the S-L. I'm not the author, but find this quite interesting.

The world according to the King. Let's spin
Chris Christie first ran for Freeholder and was sued for defamation, it wasn't his fault and he did nothing wrong.
When Chris Christie went from "not a candidate for US Attorney" to being appointed US Attorney after he was directly responsible for raising hundreds of thousands (and his brother donates hundreds of thousands) for Bush, the donations had nothing to do with it.
And when many top NJ lawyers pointed out that Christie didn't have any experience in criminal law and his appointment was directly connected to the above hundreds of thousands in donations for Bush, that was just a coincidence.
(but wait....there's more!)
Chris Christie has lost the benefit of the doubt
When Chris Christie suddenly got off the list of US Attorneys to be fired at the same time he issued bogus subpoenas to Senator Menendez weeks before the 2006 election, the timing was just a coincidence and Christie's word should be trusted.
When Chris Christie gave his top aide Michele Brown a $46,000 loan and didn't report it on his tax return or other disclosure documents, that was just an oversight and not a conflict of interest.

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The Truth

9:45 am on Tuesday, July 17, 2012

When it was discovered that criminal-turned-informant Solomon Dwek, the man who Christie turned from bank fraudster to briber-of-elected-Democrats, donated to Bush directly through Chris Christie, the two were in no way connected.
And when Michele Brown pushed to have the Dwek bribery arrests of elected Democrats announced at an opportune time during the campaign, there was nothing wrong with that. The same Michele Brown that had the $46,000 unreported loan from her boss Chris Christie.
When Chris Christie gave his former boss John Ashcroft a no bid deal worth at least $30 million, despite Ashcroft having no experience for this work, he demanded that he be given the benefit of the doubt.
When Christie's brother was not indicted, despite being found by the SEC to have made 1,600 illegal trades, bilking investors out of almost $1.5 million and netting himself $1.5 million, it was just a coincidence.
When the US Attorney from NY didn't prosecute his brother for securities fraud and then got a multi million no bid deal from Christie himself, it was just a coincidence.
And when it was discovered that Chris Christie violated the Hatch Act by discussing running for Governor while still a US Attorney, that was "an attempt to smear him".
When Chris Christie also gave a multi-million no bid deal to buddies Herb Stern and John Inglesino and then Inglesino raised tens of thousands for his campaign, there was no "quid pro quo".

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The Truth

9:46 am on Tuesday, July 17, 2012

When Assemblyman Richard Merkt said that same John Inglesino tried to bribe Merkt to drop out of the Governor's race with a "major position", it was denied, and Christie knew nothing about it anyway.
And when Chris Christie went the wrong way down a one way street, causing an accident, sending the biker he hit to a trauma center - then didn't get a ticket when he identified himself as US Attorney - he did nothing wrong.
And when Christie was caught in an apparent lie about being sued by that biker, that was just a misunderstanding and he had forgot.
And when Chris Christie was stopped for speeding in an unregistered and uninsured vehicle, only to pull rank and not get a ticket, his position as US Attorney had nothing to do with him being able to leave without his car being towed.
When Christie hijacked the Race to the Top application process, only to lose $400 million for the state's students and then get caught in at least two apparent lies, that wasn't his fault - it was Obama's and Bret Schundler's.
When a recent DOJ report identified Chris Christie as being the biggest offender of overbilling the Government for extravagant and unsubstantiated travel expenses of all the US Attorneys, it was because nothing other than 5 star hotels and limos were available.
When Chris Christie recently was caught inflating numbers about the ARC tunnel cost, that wasn't done on purpose for political reasons.

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The Truth

9:46 am on Tuesday, July 17, 2012

And now Chris Christie has decided that he's now a scientist and doubts global warming, he should be trusted to be skeptical?
Let's face it. The man has a carefully crafted false bravado persona that is in direct contrast to the layer upon layer of lie, conflict, hypocrisy, insider deals, abuse of authority, quick tempered emotional decisions and favoritism. And quite honestly, if he was a Democrat and not Republican, he'd be skewered, mocked and hated by the right - and rightfully so.
He consistently is defensive about anyone daring to ask about the long list of his actions and behavior - always saying that he deserves the benefit of the doubt. That he should be trusted. That he is right.

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Christie DaLiar

11:11 am on Tuesday, July 17, 2012

Very well put together, Mr. Truth. Don't forget Christie's "Open Letters" to teachers, firefighters, and police, where he claimed that any claim that he would reduce pensions is a lie.

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Beach_N8iv

11:16 am on Tuesday, July 17, 2012

Truth, you should never quote facts to the Christiebots. It only tends to confuse and frighten them.

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Al Bobanya

10:21 am on Thursday, July 26, 2012

Here's one of his campaign letters in case anyone is curious:

AN OPEN LETTER TO MEMBERS OF OUR LAW ENFORCEMENT COMMUNITY
Law Enforcement for Christie

Recently, I learned that inaccurate information had been presented to you in an attempt to swing your vote to Governor Corzine. The false claim states that I would somehow eliminate or diminish your pension benefits.
Let me be clear – Nothing could be further from the truth. The claim that any harm would come to your pension when I’m elected Governor is absolutely untrue. It is a 100% lie. Your pension will be protected when I am elected Governor.
I spent the last seven years in Law Enforcement as the US Attorney for New Jersey. I worked day in and day out with the men and women on the front lines who dedicate themselves to keeping families and communities safe.
No one respects what you do more than I do. And no one will stand up for you more than I will. Do not believe the lies that have been spread about my proposals.

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Al Bobanya

10:21 am on Thursday, July 26, 2012

For seven years I worked with law enforcement officers to get illegal guns off the street, prosecute gang members, thwart terrorist plots at Newark Airport and Fort Dix and throw corrupt politicians in jail. I know how hard your work, and you deserve a governor who will stand with you.
While I have put forward proposals to cut taxes and cut spending so we can bring change to New Jersey to make it more affordable for families, I have repeated time and time again that the pension agreement made with members of our law enforcement community must be respected. It is a sacred trust. Nothing will change for the pensions of current officers, future officers, or retirees in a Christie Administration.
I respectfully ask for your vote this November 3rd. If you choose to vote for another candidate, I hope you will do so based on the facts and their vision for the future, not because of misinformation spread by my opponent.
Thank you for your consideration, and thank you for your service.
Chris

Sean Conneamhe

7:11 pm on Monday, July 16, 2012

"Hopefully, the next governor will not try to blame everything on the 'Christie Republicans', but will display true leadership, mature responsibility, and common courtesy."

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Bella

7:31 pm on Monday, July 16, 2012

There is no way Romney will pick CC as VP.
CC is too obnoxious and people in other parts of the country will not go for the loud, boorish behavior. It's only tolerated here.

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Dom Roselli

9:06 am on Tuesday, July 17, 2012

Well said. The only thing worse than our Fred Flintstone Gov. is Jersey Shore.

suz

7:48 pm on Monday, July 16, 2012

Oh don't be so sure about that statement...most people ( I have spoken to) like a representative who is not afraid to speak their mind and is willing to change the system regardless of the backlash. I sure do!

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.

11:35 pm on Monday, July 16, 2012

I would love to know who you have spoken to. Christie has done nothing yet in 2 and a half years in New Jersey. He just talks so much about everyone else, he has you believing that he is doing something. Unemployment is higher that anywhere and he uses every excuse in the book to travel out of the state. There is no way he could be a VP pick. That is on heartbeat away from President, not that Romney has a chance, but no one would want Christie in any higher position than he now holds.

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Tony Orsini

7:45 am on Sunday, July 22, 2012

That's an insult to Fred Flintstone. Stop picking on Gov. Ralph Cramden, Mr. Norton.

ralph Dehner

8:50 pm on Monday, July 16, 2012

Christie can lie all he wants but NJ's unemployment rate is at 9.2%, one of the highest in the country. I would like the governor to explain how a 10% state income tax cut is going to create jobs. For most middle class people in NJ wouldn't be able to take their family to the movies with the money they would save. Of course millionaires and billionaires will get back a bundle. Chrisitie and his friends will make out very well while the rest of us suffer. And don't get me started about what a loud mouth lout he is!

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Donna Griffin

12:17 am on Tuesday, July 17, 2012

ralph Dehner - Then by all means go ahead and cut an extra check to the State of NJ since you seem to think you're not paying "your fair share" in taxes. I, on the otherhand, happen to think I pay plenty for the privilege of living in this state. To heck with taxing the wealthy. Instead, if we confiscate ALL the money of the billionaires and millionaires, we'll be able to run our state government for all of two weeks. Making someone else poorer does not make you richer. As far as Washington, DC is concerned, we have a HUGE national problem when every cent spent at the federal level in 2010 was borrowed. Try running a household on that new Math.

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Donna Griffin

8:01 am on Tuesday, July 17, 2012

My correction, that was 2011 not 2010.

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ninja

11:17 am on Tuesday, July 17, 2012

donna...every cent spent at the federal level in 2010 (or 2011 as per your correction) was borrowed? that is not even remotely close to anything that can be considered truth

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Donna Griffin

12:52 pm on Tuesday, July 17, 2012

Ninja - Since 2007, the feds have added more than $4 trillion in debt pushing our total borrowing to a record $36.5 trillion according to the Federal Reserve. Even with interest rates low, we continue to borrow on existing debt obligations (understand that interest on our debt compounds no differently than credit card debt). On 8/3/12, it was announced that the US Treasury borrowed another $238 billion to raise our total debt to MORE THAN 100% of GDP. In addition, as of 12/2011, foreign investors held more than 56.9% of our public debt. Cause for concern?!? I think so. Our problem is not that we do not pay enough in taxes. Our problem is that we spend too much. You can tax everybody at 90% of their income. Without self-control in spending exhibited on the federal level, we are in a lot of trouble. I won't even begin to mention the fact that we are nearing that precipice of having less than 50% of Americans working to support the other half of the nation that is not. Dangerous times, my friend.

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ninja

1:54 pm on Tuesday, July 17, 2012

once again Donna...facts....August 3, 2012 hasn't even happened yet, so this is not even real...the national debt is also $15.85 trillion as of June 2012, hardly the $36.5 trillion you are (if this was real, the entire global economy would be non-functioning and we would be amid perpetual anarchic chaos) and also not yet equivalent to US GDP...furthermore, the majority holder of debt of the US federal government is the american public, not quite the 56.9% of foreign debt holders...the percentage of foreign debt holders is actually closer to 11%...and i don't even know what you mean by 50%, unemployment is at 8% and while roughly 50% don't pay taxes, many of these people are filthy rich or are living in extreme poverty.....are you sure the US government needs to be in the business of putting people in poverty? you should check you sources of information before throwing this propaganda, doomsday laced tirade about how our country is falling off a cliff, no one needs to wake up but politicians need to start working together for real solutions instead of political pandering and both parties are equally guilty of this

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Tony Orsini

7:49 am on Sunday, July 22, 2012

It would be better for the middle class and the state debt to increase aid to municipalities for property tax relief.

Spooner

9:19 pm on Monday, July 16, 2012

This is how the Governor boasts he created 85,000 jobs. Look at the chart in this article put out by the NJ Department of Labor showing cumulative job loses in New Jersey. Go down to March, 2010 where the chart shows a total lost of 248,200 jobs. . .then go over to May of 2012 where the jobs loss numbers are 163,600 jobs. . .using Christie math...he deducts the 163.6K from 248.2K. . .This is how he claims that he created 85,000 jobs. This is misleading and a lie. There are still according to the chart over 160,000 job losses that have not been filled since the end of 2007?

http://www.njspotlight.com/stories/12/0712/2347/

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Brad Schaeffer

9:48 pm on Monday, July 16, 2012

Ralph, I have no intention of getting into a political debate (my opinion on Christie is my own) but I DO wish for the sake of informed discussion that those on the left could drop the term "millionaires and billionaires." Other than the fact that these two words rhyme--and thus are they handy for DNC talking point pamphlets and staccato sound-bites on morning talk shows--there is an ENORMOUS difference between someone worth a million bucks and someone worth 1,000 times that (as a billion is 1,000 million) or in a W. Buffet's case 44,500 times that. When the talking point "millionaireandbillionaire" is used as it is so often by POTUS and his acolytes to justify ever higher taxation, it betrays to me utter financial and indeed overall mathematical ignorance...from the steward of our economy no less? There are many millionaires out there who still must save for their kids' colleges, pay mortgages, etc. Billionaires are far beyond that and to place these two in the same category as if there is any relation beyond the "aire" suffix is as ludicrous as saying "footstools and Empire State Buildings" (yes 1.25 feet versus 1,250 feet is equivalent relationship). Putting it another way, one million seconds is 11.5 days...one billion seconds is 31.7 years! Perhaps we need an economic captain to right this Titanic of an economy who's actually been in business and has dealt with real numbers and thus understands what they really mean beyond their utility as a campaign catch-phrase. IMHO.

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Christie DaLiar

10:52 pm on Monday, July 16, 2012

Agreed, I think we should follow Christie's lead and steal from the 50 thousandaires and give it to the millionaires, so they can put their kids through college. I for one am sick and tired of seeing all these teachers ride around in their fancy Hyundais, with their fancy air conditioning, and their fancy windshields.

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Donna Griffin

12:37 am on Tuesday, July 17, 2012

Brad - I agree with you in a certain mathematical respect. However, how much money should one be able to earn in a "free market economy?" Should one who takes monetary risks with grand ideas only be rewarded to a certain decimal point? If we indeed are prepared to set earning limits (which is indirectly accomplished by the policies of our current administration), then we're not much different than any run-of-the-mill socialist nation. Perhaps a flat tax is the most equitable option for all wage earners. It would certainly alleviate the need for the bureaucratic nightmare known as the IRS. Class warfare may make for great bumper stickers, but it truly is terribly unproductive. Lastly, I've NEVER been hired for a job by a poor or unemployed person. Those trailblazers in the business world create an awful lot of real, sustainable jobs. I'd much prefer leaving our economy in the hands of thousands of entrepreneurs, growing their businesses and hiring individuals than to the current crop of political animals using my tax dollars to promote their re-elections by catering to self-serving special interest groups.

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Brad Schaeffer

11:07 am on Tuesday, July 17, 2012

Donna...we are on the same page. What those "tax 'the rich'" people fail to realize is that this is not a discussion of economics. In fact, if Congress imposed a 100% tax, taking all earnings above $250,000 per year (Obama's definition of 'rich') besides destroying the economy, it would keep the government running for 141 days. So it's really about 'fairness' then. Why should he make more than I do? In other words, entitlement. When I was a kid, I 'd see the occasional man in the Rolls drive by and my dad (who was by no means rich) would say: "That's Mr. S0-and-so. I admire him. He started his company from scratch and made something of himself." But today it seems that the emotion that the Obama campaign is trying to tap into is "Why the hell should So-and-so get that sweet car and not me? Let's tax the hell out of him!" Again, if it comes down to paying, as the President suggests, our "fair share" then what exactly is that? What methodology is used to determine that X% is 'fair' (which should also mean then that <X% is too little and >X% is too much). When someone can tell me in concrete terms what is my 'fair share' other than the classic Justice Potter Stewart pornography definition of "I cannot define it but I know it when I see it" then I will take this argument as a matter of policy more seriously. Until then it is classic divide-and-conquer politics based on empty rhetoric whose aim is not to better the USA but to get Mr. Obama re-elected no matter what. IMHO

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ninja

11:21 am on Tuesday, July 17, 2012

ok donna again...let's argue with truth not fiction...setting earning caps (which are most certainly not the goal of our current administration as per action and fact and truth, not some propaganda laced news report) have absolutely nothing to do with socialism and any concept therein...in fact, we have successfully incorporated socialist principles into nearly every aspect of our public and private sector, including multi-billion dollar industries as well as all levels of government for hundreds of years

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Donna Griffin

1:00 pm on Tuesday, July 17, 2012

Ninja - Please then tell me my incentive to earn $250,000/year as opposed to $249,999.99? "Fair" is everyone having skin in the game and everyone feeling the pain. Again, what do you think an individual in a free market economy should be allowed to make and how does taking legally earned income from someone else improve your life? Let's not forget that the top 1% of wage earners in the US pay nearly 70% of the federal tax burden. That doesn't fly with my definition of "fair."

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Tony Orsini

7:55 am on Sunday, July 22, 2012

Reagan: TRIPLED the national debt
Bush: DOUBLED the national debt
Obama: increased the debt by 0.5 in response to being on the precipice of global economic collapse. Where were you guys then? Why do we only talk about DEBT when a Republican is not President?

GJD

11:19 pm on Monday, July 16, 2012

Christie to cross the country this week to campaign for Romney, Really?
Who pays for that? I think there is more than enough work here in the garden state left to be done for big Chris.
Throw as many stones as he can at Corzine or Lautenberg (he seems to rotate the two) and then jet out in favor of Romney... I’m so glad he beat the teachers and schools down for not being as productive as they could be. So now our embarrassment, I mean our governor gets to take his bully show on the road. That’s just terrific. How long until he snaps out, and unleashes yet another verbal beat down on another fellow American?

Tick tick tick…..

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Donna Griffin

12:42 am on Tuesday, July 17, 2012

Actually, the Republican National Committee pays for Christie's trips. Much like the DNC pays for Debbie Wasserman-Schultz's travels on behalf of Pres. Obama.

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Dom Roselli

9:11 am on Tuesday, July 17, 2012

I hope Christie does campaign for Romney it will get him out of NJ for awhile. He could torpedo Romney's chances.

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Tony Orsini

8:00 am on Sunday, July 22, 2012

Republicans started this "class warfare" nonsense and used buzz word scare tactics like "socialism" to avoid a debate they could not win. Just return to the Eisenhower tax brackets and in the long run more money will be pumped into the economy or get some guts and follow the Simpson-Bowles recommendations.

Joe R

11:58 pm on Monday, July 16, 2012

Ahhh, the poor guy just making $50 million a year. Please, let's lower his taxes some more. The rich should be rewarded for being rich because they are rich, they are the successful ones, don't you know.They create jobs (in China and India) and let's just blame what's left of the unions for all that's wrong in this country. $50 million would be the equivalent of $136,986 a day. In other words, just scraping by. Of course some of these millionaires and billionaires don't even create jobs, they just manipulate "financial instruments."

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Brad Schaeffer

10:34 am on Tuesday, July 17, 2012

Joe R, The typical USA milionaire has an average household net worth of $3.7 million. A mere 6% of them have a net worth of over $10 million...these people skew the average upward. The typical (median, or 50th percentile) US millionaire household has a net worth of $1.6 million. -- A far cry from your DNC cartoon robber baron $50millionaire eh? With that made clear, other than cliche sarcasm what is your point? Is it that millionaires should be taxed even more? And to pay for what exactly? FYI, federal, state, local, property, sales, etc. all these taxes add up to ~50% of my income. If that is not enough, then what percentage of one's income do you think constitutes a 'fair share' and by what methodology did you arrive at that figure? While you are figuring this out for me, I would like to leave you with this quote from Milton Friedman which aptly sums up a concept so utterly lost on wealth re-distributionists who self-righteously--and quite falsely if history is our guide--believe themselves more socially conscious than those of us who actually pay a good chunk of our incomes into the system to support your collapsing ponzi schemes--I mean social safety nets, sorry: “A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both...In point of fact, you get greater equality of actual results by a system under which people are free to achieve unequal results.”

Spooner

12:28 am on Tuesday, July 17, 2012

...looks like sleaze is getting a dumping by the New York Times tonight on it's website. It seems our Governor's friend who runs a company half way house for correction inmates on the states payroll is still in trouble with it's finances. Will the Governor continue to prop up his business?

http://www.nytimes.com/

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julesg

7:39 am on Tuesday, July 17, 2012

CC is all talk and no action. Propose are sheep and cling to him because of his hardass attitude. Sit down for a minute and think about what he has accomplished in.office that has positively affected your life, nothing. He is a joke and would not stand a chance on a national stage.

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julesg

7:39 am on Tuesday, July 17, 2012

Propose=people....darn autocorrect. Lol.

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Beach_N8iv

7:41 am on Tuesday, July 17, 2012

OH NO!!!! The "Corzine Democrats" want to know how much money we have before letting this Nixon Republican throw is wealthy chums a HUGE tax break and a tiny trickle down for the rest of us? SHAME ON THEM! Ever wonder why the Trenton Tyrant holds these political rallies on days and at times when the average wage earner CAN'T attend?

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wheres murrow?

7:55 am on Tuesday, July 17, 2012

Please, please, please pick him Mittens. Anything to get him out of Jersey works for me.

Laura

9:40 am on Tuesday, July 17, 2012

Christie is a bully and hasn't helped anyone yet. Corzine was a disaster and McGreevey was an embarassment (not because he was gay). What can one say about Whitman? Someone who told this country and the 9/11 volunteers that they were safe at Ground Zero. Pond scum maybe?

That little amount the residents of NJ are getting from Christie's plan is minimal. He keeps touting his 2% cap, what he doesn't mention is Corzine instituted the original 4% cap. Christie only decreased the percentage even more. He didn't invent the light bulb. Plus, he is borrowing money and counting his chickens before they are hatched to provide his give back to the residents. The amount we will see is minimal.

Change the way we fund our schools to bring down property taxes. Show me someone who can do that and that's the person I will want as Governor. I haven't seen anyone yet who wants to tackle that.

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Christie DaLiar

11:09 am on Tuesday, July 17, 2012

Who would have thought back in 1992 when we all had "florio free in '93" bumper stickers on our cars that every single governor after him would actually be worse!!!??? Christie is the icing on the cake.

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Tony Orsini

8:02 am on Sunday, July 22, 2012

My property taxes went up 10%. Not useful.

Joe R

11:40 am on Tuesday, July 17, 2012

".....collapsing ponzi schemes....." That would be 401Ks, they are the real Ponzi scheme or con game. Social Security is in good shape with $2.7 trillion, with a T, in assets that are earning interest.

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Brad Schaeffer

12:05 pm on Tuesday, July 17, 2012

Joe R. You say SS is in "good shape" yet it took in less money than it spent in 2010...seven years earlier than predicted just a few years and 2008 collapse ago. Projections of SS robustness rely heavily on the assumptions of a healthy economy, growing as it has in the past. Yet if the EU is our guide, the more welfare/entitlements are heaped upon a socio-economic system, the more high unemployment (~8%) and low GDP growth (~1.5%) become the norm. Let's just say I hope my company's finances are never in such "good shape" as you believe SS is. 401ks aren't ponzi schemes. Not even sure what you mean by that. They are risky if you have your investments in more volatile fund yes. But they are not 'ponzi schemes.' I call the entire welfare state (of which SS is a part) a ponzi scheme not to be cute or to incite retort, I do so because of demographics: it is a system by which today's earners are paying for the benefits of today's retirees and younger non-workers. But consider Europe (the model Obama seems to hold in such high esteem). 100 Greek grandparents for example have just 42 grandkids. Do you think that these 42 will be able to long support the demands of 100? They could stick it to the Germans but they too, indeed all the EU, have the 'deathbed demographics'. So a shrinking Germany cannot support an entire continent's welfare apparatus. We too have a growing population of entitled in this country, supported by a shrinking tax-paying base. My ideology is based on math.

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Paul J. DiBartolo

1:50 pm on Tuesday, July 17, 2012

Stop it, Brad. If you continue to offer such compelling and logical arguments to support your point of view you can expect no conversation here. Most choose only to deal with falsehood and innuendo. Can't you just agree to play by the rules? Then we can all get along.

Rufus O'Callahan

7:00 pm on Tuesday, July 17, 2012

It doesn't matter who Romney picks. If that liberty-hating trust fund baby who's in bed with the insurance companies is on the ticket, I won't vote for it. Period.

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Joe R

8:08 pm on Tuesday, July 17, 2012

Alan Greenspan, of all people, has said that Social Security is not in crisis and that it can be fixed by any number of tweaks. Even if nothing is done, it can pay about 75% of benefits after 2033, still better than what Bush tried to do to SS. Just raise or eliminate the the SS wage tax cap and it will be good for generations. Currently the SS wage tax cap is capped at $110,100. Meaning that only the first $110,100 of income is subject to the SS tax. For most folks, earning less than $110,100, their entire income is subject to the SS taxes but only a small fraction of Bill Gates's income is subject to the SS tax (up to $110,100). If you take the interest that the SS trust fund earns, it actually was still taking in more than it was handing out.

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Tony Orsini

8:05 am on Sunday, July 22, 2012

Or how about taking a percentage of income over $110,000 which it does not do? How about incerasing payroll deductions? DUH!

antonio movado

9:21 pm on Tuesday, July 17, 2012

Vote For OBAMA !!! All Our Problems Will Be Solved !!! LMAO... Is he still blaming Bush or is he blaming George Washington now ?

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Monk

9:47 pm on Tuesday, July 17, 2012

Actually, I believe Obama is blaming all private sector Americans now.

wheres murrow?

9:24 pm on Tuesday, July 17, 2012

Best quote of the day comes from McCain, on why he chose the alaskan genius over Mitt... "Sarah Palin was the better candidate"

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Tony Orsini

8:11 am on Sunday, July 22, 2012

O Gee we'll just expect the economy that Bush crashed, worse recession in history to be fixed overnight!

Brad Schaeffer

9:45 pm on Tuesday, July 17, 2012

Joe you seem to be the last person left on planet earth that even cares what Alan Greenspan--he of the decade of free money and real estate "froth"--has to say. I'm glad that you feel that in 2033 (exactly when I turn 65) I can take comfort in taking a 25% haircut on money I was forced to hand over o a retirement system in which I have no wish to participate. And of course, as if a set % of the first $110k of my income being wrung to pay for today's retirees golf games and cruises isn't enough, you feel I should pay even more ad infinitum. I am always astounded at: a) the blind faith statists have in the power of government to better care for its citizenry than the free markets; and b) the unbridled generosity these same statists tend to display with other people's money. As for Bill Gates, it seems to me that if you are going to ding him for his entire income uncapped then at that point SS for him is no longer a retirement account courtesy of Uncle Sam but rather a massive transfer of wealth from his pocket to the elderly and ill. So SS really isn't what it was advertised to be at all is it (shocking). It's not a retirement safety net...it is a massive entitlement. It's not a 'benefit' waiting for me in the future (even 75% of it) rather it's a subsidy for today's retirees. And it's not a 'contribution' it's a mandatory tax. Unless of course Bill Gates plans on living several hundred years to out-live his accrued 'contribution' and collect all of his 'benefits'.

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Joe R

10:07 pm on Tuesday, July 17, 2012

From the strengthen Social Security website:
"The truth is that as the economy grows and technological innovation increases fewer workers are needed to generate the same and higher levels of economic productivity. So long as the economy is growing, having even a 2-to-1 ratio of workers to retirees is sustainable. The worker-to-retiree ratio has been stable for almost forty years and has not failed to supply adequate levels of benefits. Nor will it, provided our economy continues to recover at a reasonable rate." Maybe you think the economy will never recover and we'll be in recession forever.
If nothing is done, SS can still pay 75% of benefits in 2033. Did you not notice the conditioal phrase? I think something sensible will be done and so it will pay full benefits, as it is doing now and has done since 1940. 401Ks are a lottery, like the stock market. Talk about a haircut, many folks who retired during the great recession had their 401ks reduced by 25% and more. That's a real haircut.

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wheres murrow?

10:42 pm on Tuesday, July 17, 2012

Dont waste your time Joe. The dude is a friedman kool aid drinker, who does not understand that ss is a progressive benefit formula akin to the graduated tax rate system. Facts only confuse these kind of people because they can not collate them with their agenda. He will be singing a very different tune about safety net programs when his medicare is footing the bills.

Brad Schaeffer

10:26 pm on Tuesday, July 17, 2012

Joe. Not getting into it. We can play dueling websites, dueling accountants, etc. all night. You can torture a number to say anything if you want it to. Again, my ideology is a product of my research...my research is not dictated by my ideology. I'm a simple numbers guy. And history guy. No state the size and scope of the USA has ever had both a massive entitlement apparatus and low unemployment/high growth GDP needed to sustain it indefinitely. (Unless you think that each retiree today will have put in 100k into medicare but take out 300k in services is sustainable. My calculator says it doesn't compute). And politics aside, SS is indeed a Ponzi scheme that will either collapse or be so "tweaked" as the numbers deteriorate that in the end my 'contribution' will be a shadow of the amount I am putting in. Anyway, just to be clear you think it is perfectly acceptable that I should be forced to pay into a system that as things now stand I will be lucky to get 75 cents on the dollar back from. Your bizarre justification: well heck, some people lost 25% on the stock market when it fell in 2008 (since recovered) so therefore guaranteeing a 25% loss is just a-ok by Joe--so long as it's my money of course right? Please. What you fail to see is that a 401k is VOLUNTARY. I assure you I am able to get a much better ROR on my money by investing it myself (in my business, in my portfolios, etc.) than is social security. But of course, I'm forced to pay into it aren't I?

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Brad Schaeffer

10:53 pm on Tuesday, July 17, 2012

Just out of curiosity "Where's Murrow" how old are you and in what income bracket are you? Of course any man who would hide behind the anonymity of a pseudonym while lobbing cliche insults *yawn* can't really be expected to answer this question in a forthright manner so what's the pint in trying?

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wheres murrow?

11:32 pm on Tuesday, July 17, 2012

Well that's a bit forward of you. I'm flattered but I'm taken.

Brad Schaeffer

1:18 pm on Wednesday, July 18, 2012

In other words, you prefer to hide behind the curtain of anonymity and hurl cliche perjoratives as opposed to actually discuss an issue about which you seem so passionate...if brain-washed. Fair nuff. Nothing I didn't expect. Have a good one.

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wheres murrow?

8:36 pm on Thursday, July 19, 2012

I fail to see the the link between my personal demographics and my views on the issue. Your posts display quite the double standard. You can quote statistics, but JoeR can't. You can refer to me as brain washed, but I can not use the cliche pejorative (fyi only one r) "kool-aid". If you want to debate on the blogs it's a two way street, wear your big boy pants. If you want to opine and not be challenged, save it for your subordinates.

Brad Schaeffer

9:14 pm on Thursday, July 19, 2012

Already moving on "Where's Murrow." I am no match for your spellcheck. I concede. SS is all good. And whether one is collecting it or paying into it (due to their age or income) I'm sure has no bearing on the prism through which one views the program. Joe R is free to quote any stats he wants. I disagree with them...that is not a double standard. One can easily tell whether one has an ideology that they then peruse the net for stats to match their views, or whether one's ideology is instead dictated by sifting through data, pro/con to come up with an opinion. Honestly, I wish SS was solvent. I wish that there was a way for a nation of 300 million to take care of every one of its citizens by merely the act of writing a check. But I just think it cannot be done. I would happily pay more in taxes (so I am not ideologically opposed to them) if I thought I was getting a proper bang for my buck. But I truly believe (and you are free to disagree) that it is ponzi scheme not in terms of rhetoric but in point of fact. Even Joe R himself admits that, as he sees it if we do nothing then I will only get 75 cents on every dollar I put in because there will not be enough paying into when I retire to make good on the benefits I am promised because I am not in fact saving up for my own retirement when I pay SS tax but rather subsidizing those already retired. That, my friend, is a ponzi scheme. Take Joe R's word for it. Moving on, you get last word...whomever you are. Big boy.

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wheres murrow?

10:46 pm on Thursday, July 19, 2012

Annual salary for a soldier in Afghanistan - $20,000. Plus a whopping $225 or so each month for hazard pay. You are getting quite the bang for your buck. Maybe in your neighborhood people collecting ss spend it on golf and cruises but in neighborhoods you would never venture into, they spend it on food. SS is their portfolio. Raising the ss cap to 150K or so, may cost me more on a personal level but I recognize the value of that haircut. The long term capital gains rate? a topic for another time.

Westfield Taxpayers

8:33 pm on Monday, July 23, 2012

Oh, and look. The NJGOP is still condeming the private, tax-paying Solberg Airport. Nothing like "supporting economic growth and jobs" like condeming businesses. Sends a very strong message. Raise taxes, raise debt, use government power to destroy an 70 year-old business. A business that provides transportation infrastructure. Smooth move. No wonder our unemployment and tax rates are higher than the rest of the country.

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Nick Nacks

11:58 am on Wednesday, July 25, 2012

Westfield Taxpayers, there are perhaps 1-2 "local" jobs created by Solberg Airport, except for the weekend of the balloon festival. Don't talk about something of which you know nothing.

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Christie DaLiar

1:01 am on Thursday, July 26, 2012

Nothing like STEALING someone's land so you can enrich some guberment friends, through the magic of eminent domain, eh? Just another airport; who needs them anyway. What New Jersey needs are more condos and strip malls.

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