http://www.red-alerts.com/just-plain-foolish/new-jersey-to-fund-pension-liabilities-with-toxic-assets/ Vigilance is the best deterrence Wed, 10 Mar 2010 15:50:23 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://www.red-alerts.com/just-plain-foolish/new-jersey-to-fund-pension-liabilities-with-toxic-assets/comment-page-1/#comment-57219 CWA-NJ Conservatives with Attitude! » Blog Archive » New Jersey’s Worsening Budget Mess Tue, 07 Apr 2009 15:13:38 +0000 http://www.red-alerts.com/just-plain-foolish/new-jersey-to-fund-pension-liabilities-with-toxic-assets/#comment-57219 [...] A few words come to mind regarding Governor Corzine’s approach to managing the state’s pension obligations: shameful, reckless and irresponsible being the foremost in my mind. I’ve posted regarding Corzine’s pension deferral scheme earlier this year, but now the situation looks to be even more dire. In order to pay for the state’s growing pension obligations, Democrats are seeking to fund the system by buying toxic assets – the very same approach that led to the collapse of firms like Bear Stearns. I recommend that you read this article and this blog post on the subject at Red Alerts. [...] [...] A few words come to mind regarding Governor Corzine’s approach to managing the state’s pension obligations: shameful, reckless and irresponsible being the foremost in my mind. I’ve posted regarding Corzine’s pension deferral scheme earlier this year, but now the situation looks to be even more dire. In order to pay for the state’s growing pension obligations, Democrats are seeking to fund the system by buying toxic assets – the very same approach that led to the collapse of firms like Bear Stearns. I recommend that you read this article and this blog post on the subject at Red Alerts. [...]

]]>