COMMUNIST/DEMOCRAT WATCH: New Jersey Prepares To Raise Taxes On 'Almost Everything'...

[Dschrute3]

Communists/Democrats decimating another US State. Go figure?


New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster

Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years - most notably Calpers - the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%.

The simple reason behind this odd increase in projected returns was an accounting sleight of hand which would allow the state of New Jersey to save some $238 million in pension contributions as a result of the higher discount rate applied to the fund's liabilities. And with a pension funding level of only 37% for the 2015 fiscal year, the worst of any state in the US, New Jersey would gladly take even the most glaring accounting gimmickry that would delay its inevitable death.

Unfortunately, being the not so proud owner of the most distressed and underfunded public pension fund in the US is just the start of New Jersey's monetary woes, and as Bloomberg reports, New Jersey's fiscal situation is so dire that new Governor Phil Murphy has proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and Internet transactions...

More:
New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
DRUDGE REPORT 2018®

 

[Mikeoxenormous]

Communists/Democrats decimating another US State. Go figure?


New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster

Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years - most notably Calpers - the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%.

The simple reason behind this odd increase in projected returns was an accounting sleight of hand which would allow the state of New Jersey to save some $238 million in pension contributions as a result of the higher discount rate applied to the fund's liabilities. And with a pension funding level of only 37% for the 2015 fiscal year, the worst of any state in the US, New Jersey would gladly take even the most glaring accounting gimmickry that would delay its inevitable death.

Unfortunately, being the not so proud owner of the most distressed and underfunded public pension fund in the US is just the start of New Jersey's monetary woes, and as Bloomberg reports, New Jersey's fiscal situation is so dire that new Governor Phil Murphy has proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and Internet transactions...

More:
New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
DRUDGE REPORT 2018®

Cloward–Piven strategy
The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of "a guaranteed annual income and thus an end to poverty".
Cloward–Piven strategy - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Cloward–Piven_strategy

Just like with Detroit, once other people's money runs out, then there is nothing left, except the poor. Liberals love to break stuff, then blame others who try to fix it. I say, let the garden state, turn into the shithole state, for elections have consequences..
Here is another liberal state of failure, you know it as Venezuela.


Reminds me of Trenton, where Cory Booker comes from.

 

[Dschrute3]

Communists/Democrats decimating another US State. Go figure?


New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster

Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years - most notably Calpers - the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%.

The simple reason behind this odd increase in projected returns was an accounting sleight of hand which would allow the state of New Jersey to save some $238 million in pension contributions as a result of the higher discount rate applied to the fund's liabilities. And with a pension funding level of only 37% for the 2015 fiscal year, the worst of any state in the US, New Jersey would gladly take even the most glaring accounting gimmickry that would delay its inevitable death.

Unfortunately, being the not so proud owner of the most distressed and underfunded public pension fund in the US is just the start of New Jersey's monetary woes, and as Bloomberg reports, New Jersey's fiscal situation is so dire that new Governor Phil Murphy has proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and Internet transactions...

More:
New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
DRUDGE REPORT 2018®

Cloward–Piven strategy
The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of "a guaranteed annual income and thus an end to poverty".
Cloward–Piven strategy - Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Cloward–Piven_strategy

Just like with Detroit, once other people's money runs out, then there is nothing left, except the poor. Liberals love to break stuff, then blame others who try to fix it. I say, let the garden state, turn into the shithole state, for elections have consequences..
Here is another liberal state of failure, you know it as Venezuela.

View attachment 182605 View attachment 182606 View attachment 182607 View attachment 182608 View attachment 182609 View attachment 182610 View attachment 182611
Reminds me of Trenton, where Cory Booker comes from.

The Democratic Party can only thrive on misery. It needs its poor & angry masses. Poor folks fully dependent on Government for survival, are easily controlled. The last thing the Democratic Party wants, is a happy prosperous populace. It's all part of the Agenda.

 

[MACAULAY]

Bad news for Florida.

New Jersey people are some of the worst turds in the country. People from Pennsylvania just hate them.

They will start leaving New Jersey (Shitholia) and moving to Florida---but they won't learn anything from having ruined New Jersey.

 

[Dschrute3]

Bad news for Florida.

New Jersey people are some of the worst turds in the country. People from Pennsylvania just hate them.

They will start leaving New Jersey (Shitholia) and moving to Florida---but they won't learn anything from having ruined New Jersey.

They'll ruin Florida next. Democrats destroy everything they touch. But it's not due to corruption and incompetence solely. It's by design. The Democrats need more folks poor & angry and fully dependent on Government.

The Party thrives on misery. And misery is all they'll bring to any community they control. It's so sad so few Americans have figured that out. So many continue to vote against their own interests. They're lost Useful Idiots.

 

[MACAULAY]

Bad news for Florida.

New Jersey people are some of the worst turds in the country. People from Pennsylvania just hate them.

They will start leaving New Jersey (Shitholia) and moving to Florida---but they won't learn anything from having ruined New Jersey.

They'll ruin Florida next. Democrats destroy everything they touch. But it's not due to corruption and incompetence solely. It's by design. The Democrats need more folks poor & angry and fully dependent on Government.

The Party thrives on misery. And misery is all they'll bring to any community they control. It's so sad so few Americans have figured that out. So many continue to vote against their own interests. They're lost Useful Idiots.

_________________________

DEMOCRAT UTOPIA

 

[Dschrute3]

Bad news for Florida.

New Jersey people are some of the worst turds in the country. People from Pennsylvania just hate them.

They will start leaving New Jersey (Shitholia) and moving to Florida---but they won't learn anything from having ruined New Jersey.

They'll ruin Florida next. Democrats destroy everything they touch. But it's not due to corruption and incompetence solely. It's by design. The Democrats need more folks poor & angry and fully dependent on Government.

The Party thrives on misery. And misery is all they'll bring to any community they control. It's so sad so few Americans have figured that out. So many continue to vote against their own interests. They're lost Useful Idiots.

_________________________

DEMOCRAT UTOPIA

Too many Useful Idiots out there. Lenin would be so happy to see how large his Useful Idiot Army has become. It's very sad.

 

[busybee01]

Communists/Democrats decimating another US State. Go figure?


New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster

Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years - most notably Calpers - the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%.

The simple reason behind this odd increase in projected returns was an accounting sleight of hand which would allow the state of New Jersey to save some $238 million in pension contributions as a result of the higher discount rate applied to the fund's liabilities. And with a pension funding level of only 37% for the 2015 fiscal year, the worst of any state in the US, New Jersey would gladly take even the most glaring accounting gimmickry that would delay its inevitable death.

Unfortunately, being the not so proud owner of the most distressed and underfunded public pension fund in the US is just the start of New Jersey's monetary woes, and as Bloomberg reports, New Jersey's fiscal situation is so dire that new Governor Phil Murphy has proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and Internet transactions...

More:
New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
DRUDGE REPORT 2018®

Chris Christie did nothing to help the situation. He severely underfunded the pension funds during his 2 terms.

 

[SobieskiSavedEurope]

Bad news for Florida.

New Jersey people are some of the worst turds in the country. People from Pennsylvania just hate them.

They will start leaving New Jersey (Shitholia) and moving to Florida---but they won't learn anything from having ruined New Jersey.

They'll ruin Florida next. Democrats destroy everything they touch. But it's not due to corruption and incompetence solely. It's by design. The Democrats need more folks poor & angry and fully dependent on Government.

The Party thrives on misery. And misery is all they'll bring to any community they control. It's so sad so few Americans have figured that out. So many continue to vote against their own interests. They're lost Useful Idiots.

Florida sucks, there's really nothing to ruin.

Florida's ugly, lacks good schools, lacks police, lacks good hospitals, lacks parks, lacks beaches, lacks parking, has a high crime rate etc. etc.

Having New York relatives gone down there, we're not impressed.

You get what you pay for, and Florida's truly "Cheap" both in terms of what you give, and what you get.

 

[Dschrute3]

Communists/Democrats decimating another US State. Go figure?


New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster

Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years - most notably Calpers - the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%.

The simple reason behind this odd increase in projected returns was an accounting sleight of hand which would allow the state of New Jersey to save some $238 million in pension contributions as a result of the higher discount rate applied to the fund's liabilities. And with a pension funding level of only 37% for the 2015 fiscal year, the worst of any state in the US, New Jersey would gladly take even the most glaring accounting gimmickry that would delay its inevitable death.

Unfortunately, being the not so proud owner of the most distressed and underfunded public pension fund in the US is just the start of New Jersey's monetary woes, and as Bloomberg reports, New Jersey's fiscal situation is so dire that new Governor Phil Murphy has proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and Internet transactions...

More:
New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
DRUDGE REPORT 2018®

Chris Christie did nothing to help the situation. He severely underfunded the pension funds during his 2 terms.

Confused RINO.

 

[Dschrute3]

Bad news for Florida.

New Jersey people are some of the worst turds in the country. People from Pennsylvania just hate them.

They will start leaving New Jersey (Shitholia) and moving to Florida---but they won't learn anything from having ruined New Jersey.

They'll ruin Florida next. Democrats destroy everything they touch. But it's not due to corruption and incompetence solely. It's by design. The Democrats need more folks poor & angry and fully dependent on Government.

The Party thrives on misery. And misery is all they'll bring to any community they control. It's so sad so few Americans have figured that out. So many continue to vote against their own interests. They're lost Useful Idiots.

Florida sucks, there's really nothing to ruin.

Florida's ugly, lacks good schools, lacks police, lacks good hospitals, lacks parks, lacks beaches, lacks parking, has a high crime rate etc. etc.

Having New York relatives gone down there, we're not impressed.

You get what you pay for, and Florida's truly "Cheap" both in terms of what you give, and what you get.

Florida is being invaded by Communist/Democrat Useful Idiots. So yeah, it could soon become Third World Misery. The Democrats destroy everything they touch. It's so sad so many Americans continue to vote against their own interests. It's truly crazy to vote Democrat at this point.

 

[BluesLegend]

NJ is in a tax increase death spiral, I bailed from NJ years ago I saw this coming.

 

[dudmuck]

NJ is in a tax increase death spiral, I bailed from NJ years ago I saw this coming.

Its because Trump is sticking it to new jersey.

 

[Dschrute3]

NJ is in a tax increase death spiral, I bailed from NJ years ago I saw this coming.

Its because Trump is sticking it to new jersey.

No, it's because Communist/Democrats want to destroy another US State. The Democratic Party thrives on misery. It desperately needs its poor and angry masses, fully dependent on Government. Democrats destroy everything they touch. It's so shocking so many continue to vote against their own best interests. They're what Lenin called 'Useful Idiots.' It's very sad.

 

[DOTR]

Florida's ugly, lacks good schools, lacks police, lacks good hospitals, lacks parks, lacks beaches, lacks parking, has a high crime rate etc. etc.
.

LOL. What the hell?

 

[DOTR]

NJ is in a tax increase death spiral, I bailed from NJ years ago I saw this coming.

Its because Trump is sticking it to new jersey.

Sure. It isnt New Jersey's fault at all.

 

[DOTR]

New Jersey is a dying state. Done in by kowtowing to public unions and a "soak the rich" socialism philosophy. Now it has to raise taxes on *everything* in order to pay just part of its pensions. Its pension funding is the second worst in the nation behind only the Peoples Republic of Illinois.
But are they trying to fix their pension funds and make them solvent it or are they still being stupid liberals? You decide...

New Jersey Democrats seek to bar gunmakers from pension funds

 

[dudmuck]

NJ is in a tax increase death spiral, I bailed from NJ years ago I saw this coming.

Its because Trump is sticking it to new jersey.

No, it's because Communist/Democrats want to destroy another US State. The Democratic Party thrives on misery. It desperately needs its poor and angry masses, fully dependent on Government. Democrats destroy everything they touch. It's so shocking so many continue to vote against their own best interests. They're what Lenin called 'Useful Idiots.' It's very sad.

Cristie cost the pension $3.8 billion, try again.

 

[sealybobo]

Communists/Democrats decimating another US State. Go figure?


New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster

Last week we noted that in what was a radical U-turn to what other public pension funds have been doing in recent years - most notably Calpers - the struggling New Jersey public pension system decided that instead of lowering its expected rate of return, it would raise it, from 7% to 7.5%.

The simple reason behind this odd increase in projected returns was an accounting sleight of hand which would allow the state of New Jersey to save some $238 million in pension contributions as a result of the higher discount rate applied to the fund's liabilities. And with a pension funding level of only 37% for the 2015 fiscal year, the worst of any state in the US, New Jersey would gladly take even the most glaring accounting gimmickry that would delay its inevitable death.

Unfortunately, being the not so proud owner of the most distressed and underfunded public pension fund in the US is just the start of New Jersey's monetary woes, and as Bloomberg reports, New Jersey's fiscal situation is so dire that new Governor Phil Murphy has proposed taxing online-room booking, ride-sharing, marijuana, e-cigarettes and Internet transactions...

More:
New Jersey Prepares To Raise Taxes On "Almost Everything" As It Nears Financial Disaster
DRUDGE REPORT 2018®

When Federal Republicans give the rich huge tax breaks of course the states are going to have to raise state taxes. This won't hurt rich people but it will eat up any tax break trump gave us common folk. This is why Trump isn't getting a bump from his dump of a tax bill. In fact his approval ratings are at an all time low.

 

[sealybobo]

New Jersey is a dying state. Done in by kowtowing to public unions and a "soak the rich" socialism philosophy. Now it has to raise taxes on *everything* in order to pay just part of its pensions. Its pension funding is the second worst in the nation behind only the Peoples Republic of Illinois.
But are they trying to fix their pension funds and make them solvent it or are they still being stupid liberals? You decide...

New Jersey Democrats seek to bar gunmakers from pension funds

Couldn't have anything to do with electing Chris Christie. LOL