Saturday, December 29, 2012

Insolvency in N.J.'s Pension Funds!

January 2, 2013 at 12:56 P.M. Kudos to Vice President Joseph Biden in the negotiations to avert the so-called "fiscal cliff." Not much of a positive nature has been achieved, but catastrophe has been avoided -- or adjourned for a few months -- as the 1% must live in abject terror of slightly higher taxes. What will happen in the House of Representatives is anyone's guess.

December 31, 2012 at 11:34 A.M. Computer #3, Inwood branch of NYPL was rebooted in order for me to use it. I cannot say whether obstacles and more computer crime will prevent me from writing further at these blogs. I will attempt to continue writing in 2013.

All copyright notices remain in effect at this and every other blog of mine in 2013 and beyond. 

Mary Williams Walsh, "New Jersey's Pension Plan Is Said to Still Be in Trouble," in The New York Times, December 14, 2012, at p. A34.

"Perfidious Prosecutors," (Editorial) in The New York Times, December 5, 2012, at p. A28. ( " ... two federal prosecutors surreptitiously posted hostile comments on a public news site about defendants in cases the office was supervising and then lied about it." Mr. McGill, were you involved in posting hostile comments about me on-line and/or at "The Philosophy Cafe," at any time, ostensibly in violation of legal ethics rules? Cover-up, Mr. Rabner? "Have You No Shame, Mr. Rabner?" and "New Jersey's Office of Attorney Ethics.")

Scott Shane, "Portrayal of C.I.A. Torture in Bin Laden Film Reopens a Debate," in The New York Times, December 13, 2012, at p. A1. (Delight in the gruesome depiction of pain and fear, now recommended for the innocent as well as the guilty, so long as it yields "information," by -- or for -- U.S. intelligence agencies. OAE? "Terry Tuchin, Diana Lisa Riccioli, and New Jersey's Agency of Torture" and "New Jersey's 'Ethical' Legal System" and "America's Torture Doctors.")

Kate Zernike, "Promise vs. Reality in Newark on Mayor's Watch," in The New York Times, December 14, 2012, at p. A1. (In a criticism obviously aimed at Mr. Obama, Mr. Booker is depicted, unfairly, as all style and little substance. This G.O.P.-generated piece was designed to forestall a challenge to Christie by Mayor Booker, who has indicated that his goal is the Senate. "Ms. Zernike" is a name used by Kim Guardagno, at times, as well as other Republicans in New Jersey and elsewhere, allegedly. Is this article an example of America's "independent" media at its best?)

"New Jersey's financial problems are so severe that even Governor Chris Christie's signature pension overhaul, in which he cut back benefits and union members marched and booed, might not be enough to pull the state out of its hole, a panel of fiscal experts said on Thursday."

For years, FRAUDULENT [lies?] figures were listed as "deposited" in the Garden State's pension accounts -- often conflicting numbers in separate sworn attorneys' federal filings pertaining to the state's pension funds appeared -- even as these accounts became known as the "mafia's Christmas Club." ("Mafia Influence in New Jersey's Courts and Politics" and "Law and Ethics in the Soprano State" then, again, "Have you no shame, Mr. Rabner?")

Is this an example of New Jersey's "ethics," Mr. Rabner? Have any of your friends at Lowenstein, Sandler, Esqs. been involved in pension fund matters, Mr. Rabner? ("Herbert Klitzner, Esq.'s Greed and New Jersey's Hypocrisy" and "No More Cover-Ups and Lies, Chief Justice Rabner!")

" ... officials in both parties [especially Democrats!] had shortchanged the pension coffers for so many years" -- possibly pocketing millions or billions of dollars that "disappeared"! -- "before Mr. Christie's initiative[,] that it will prove extremely difficult to catch up now without deviating money from other essential state programs."

The current shortfall in the system, thanks to Christie, has been made less severe than it might have been, but is still expected to show a "30% shortfall, [revealing] a gap of $26 BILLION from about $37 BILLION. But the system remains in precarious condition." ("Is Menendez For Sale?" and "New Jersey Pension Funds $54 Billion Short.")

To continue to lie to New Jersey's beleaguered and robbed taxpayers, who are contributing to a pension system which may be insolvent when many New Jerseyeans seek to retire, is (seemingly) fine with the Democrat-mafia machine in Trenton. ("New Jersey is the Home of the Living Dead.") 

Senator Stephen Sweeney, alleged McGreevey crony, is alleged to have said -- and we should believe him -- "I don't know nothing about no pension funds!"