Christie promises these reforms will fix the pension crisis. Should we take him at his word?
Well, here's what he said in October of 2009 during his campaign for governor:
I will protect your pensions. Nothing about your pension is going to change when I am governor. In fact, in order to ensure your retirement savings are safe, I believe we must prioritize the protection of pension fund dollars and investigate the cause of Jon Corzine’s large investment losses to our pension system. Currently there is a $34 billion deficit in the State’s pension fund, which threatens the retirement and lifeline of so many teachers. We must do better for our teachers, future teachers and retirees. As Governor, I will work to close unfunded liabilities and make sure our state lives up to its promises, unlike Jon Corzine. I will not raid your pension fund to cover budgetary shortfalls like previous governors of both parties have done. One of the changes I will bring to Trenton is responsible management, investment, and oversight of state pension dollars.He knew there was a huge pension liability. He knew we were in a recession. He knew the state hadn't paid into the pensions for years. And yet he still made that promise.
It's time to state it outright: Chris Christie is a liar. His word is worth less than nothing. None of his promises are to be trusted.