Highway expansion and another tunnel to dead-end NYC are not the future with oil prices rising. Neither is the ‘hidden’ $100 Billion debt already incurred for NJ retirees.

The timely and predictable heavy merges of traffic will ease. Construction money will be better spent on expanding already successful light rails, modifying an existing tunnel lane or two from auto to rail, and constructing overpasses, replacing traffic lights, for more efficiency.

NJ can get out of the benefits obligations for retirees, at once ridding ourselves of enormous ‘deferred’ debt, and abusive practices for the ‘connected’. Just fairly assign all existing pension funds to the participating current workers and retirees.

A 401(K) type plan will protect everyone’s’ current share from being squandered by outrageous benefits to a few . Our State funding has not kept up with its Legislators’ political promises and is not likely to cover the $100 Billion already shorted. Individual statements would inform and keep the situation from worsening. Time to face the reality of facts over unfunded ‘promises’.

We have even promised free retiree medical, though Medicare is standard for the rest of us.

Rising ever higher, the yearly cost in our NJ Budget for all retiree benefits is reported to exceed $4 Billion, now. We need these monies better spent for New Jersey’s future. This is real Monetization.

Matthew ‘Skip’ House
Former Candidate for Township Council and State Legislature
North Brunswick Republican Organization