MUST hear video. Start at 11:30 min if no time.
Excerpts of speech: "The budget passed less than eight months ago, in June of last year, contained all of the same worn out tricks of the trade that have become common place in Trenton, that have driven our citizens to anger and frustration and our wonderful state to the edge of bankruptcy....Our [state] Constitution requires a balanced budget...Our love for our children requires that we do not shove today’s problems under the rug only to be discovered again tomorrow ...The special interests have already begun to scream their favorite word, which, coincidentally, is my nine year old son’s favorite word when we are making him do something he knows is right but does not want to do—“unfair.” ...One state retiree, 49 years old, paid, over the course of his entire career, a total of $124,000 towards his retirement pension and health benefits. What will we pay him? $3.3 million in pension payments over his life and nearly $500,000 for health care benefits -- a total of $3.8m on a $120,000 investment. Is that fair? ... A retired teacher paid $62,000 towards her pension and nothing, yes nothing, for full family medical, dental and vision coverage over her entire career. What will we pay her? $1.4 million in pension benefits and another $215,000 in health care benefit premiums over her lifetime. Is it “fair” for all of us and our children to have to pay for this excess. ...I will use my executive authority to implement [budget cuts] now, because I must...I am not happy, but I am not afraid to make these decisions, either. It is what the people sent me here to do." Read full text of speech here.
Do you believe me or your lying eyes?