Posted on 10/19/2016 9:05:18 AM PDT by Lorianne
Here in NJ all the young people want a government job (most real private-sector jobs are gone) and all the older people and companies want to leave the state to avoid being saddled with the resulting bills. Governments at all levels are spending as though we have a 1950s economy when the reality is our economy has shrunk considerably (and will continue to do so).
If these public sector, pre 65 retirees get medical paid for, we all know what happened there.
That expense at least doubled in the past three years and is not budgeted for. So when they say the pension funds run out in 2025, think 2020.
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