Codey: State Pensions, Benefits "Strangling" New Jersey Taxpayers
Codey puts a lot of blame on generous pension and benefit packages for state employees and retired teachers that squeeze New Jersey's budgets. If anything, we've got to pull back from these entitlements that are strangling the taxpayers of New Jersey.The tax receivers will be out in force pressuring the Democrats to maintain the status quo and to place their interests above all others and especially above the taxpayer’s. State and local government can not continue the lavish spending on government employee benefits and retirement packages.
Why should people that can’t afford to pay for their own health care insurance or to fund their retirement be forced to pay for benefits not available in even the most generous private sector programs?
The fall back position of tax “the rich, aside from being unfair, is not a long term solution to covering these escalating costs. There are not enough “rich” taxpayers to soak and rich is currently defined as those making $70,000 a year.
The $2.2 billion annual state price tag for teacher and public employee health insurance and retirement benefits is expected to triple in just five years. At the current pace, those costs will soar to $6.7 billion by the time the state budget is drafted in 2009, and account for more than one-fifth of all state spending.
Make your voice heard and tell your State Senator and Assemblyman to take action now. If they fail to act on behalf of the taxpayers, we do have the power to elect replacements this November that will understand their job and will act on their responsibilities.