Update on Spurned Pension/Benefits Deal
June 23, 2011Number of the Day
June 24, 2011Quote of the Day
Matt Bai in tomorrow’s NY Times:
And so Mr. Christie was calling, minutes before the New Jersey House started voting on a bipartisan reform package, to do a little crowing. He wanted me to know that he and the leaders of New Jersey’s Democratic-controlled Legislature were about to do something pretty amazing…
Assuming Mr. Christie is able to sign that bill into law tonight, it is, in fact, a pretty extraordinary thing. Other states have chiseled away at their mountains of long-term liabilities, but none would seem to have achieved anything quite this sweeping. (“Sweeping” is a word we journalists tend to overuse, but in this case I think it fits.)