Parting shot or return to ugly reality?

From Pensions and Investments:

Fiscal woes greeting N.J. governor

New Jersey’s Republican state treasurer sharply reduced the New Jersey Pension Fund’s assumed rate of return, producing a financial and political dilemma for Gov.-elect Phil Murphy, a Democrat, who will be sworn in later this month.

Last month, Treasurer Ford Scudder announced a cut in the assumed rate of return to 7% from 7.65% for the fiscal year that starts July 1, the second rate cut in 12 months. Last February, he reduced the rate to 7.65% from 7.9% for the current fiscal year.

The lower rate means cash-strapped municipalities and the state must raise more money to feed the severely underfunded New Jersey Pension Fund. Mr. Murphy will be hard-pressed to find politically palatable and sufficient additional revenue sources, even from a Democratic Party-controlled state Senate and Assembly.

As of July 1, the funding ratio ​ was 59.3%, according to the state Treasury Department. This statutory funding status includes the estimated present value of the state lottery. Last year, Gov. Chris Christie signed a law making the lottery an asset of the pension fund, using the proceeds to cover part of the state’s pension contribution.

Pension experts say the 7% assumed return figure represents a more realistic rate given forecasts for lower stock market gains and modest interest rate increases. They also said the size of the cuts within the time frame is unusual.

“It is significant, but we are getting realistic,” said Thomas Brendan Byrne Jr., chairman of the State Investment Council, which develops policies for the Treasury Department’s division of investment to manage the pension fund’s investments. The Trenton-based fund has $76.6 billion in assets.

“Timing aside, the direction is clear,” Mr. Byrne said. “Experts say stocks will return to single-digit gains and long-term interest rates will stay low. We can’t bet the ranch on stocks.”

The New Jersey Pension Fund produced a 13.07% return for the fiscal year ended June 30. The annualized return for the past three fiscal years was 5.25%; for five years, 8.75%; and for 10 years, 5.55%.

Some observers of New Jersey government said the rate reduction appears to have had some political overtones.

Marc Pfeiffer, assistant director, Bloustein Local Government Research Centers, Bloustein School of Planning and Public Policy, Rutgers University, New Brunswick, N.J., said the rate reduction can be seen “as a parting shot” by Mr. Christie toward his successor.

This entry was posted in Economics, New Jersey Real Estate, Politics, Property Taxes. Bookmark the permalink.

109 Responses to Parting shot or return to ugly reality?

  1. grim says:

    Trump doesn’t stand a chance against Oprah. There is NO contest. If she will be running, he might as well start packing up the White House now.

  2. Blue Ribbon Teacher says:

    That article had a video in it which claimed solar energy is now the “cheapest in the world”. I hate hipsters.

  3. Very Stable Genius says:

    “The Twenty-fifth Amendment (Amendment XXV) to the United States Constitution deals with succession to the Presidency and establishes procedures both for filling a vacancy in the office of the Vice President as well as responding to Presidential disabilities.”

  4. Grim says:

    Congress is filled with Alzheimer’s patients.

    Can we start the housecleaning there?

  5. nwnj says:

    Now that the Russian farce has imploded they are reaching for something else. *yawn*

  6. dentss dunnigan says:

    New Jersey’s best future as the tax capital of the nation will surely make generations want to settle here and enjoy all we have to offer …..I wanted to write Murphy’s inaugural speech .

  7. D-FENS says:

    Oprah is too smart to run for president.

  8. Hold my beer says:

    Still waiting for an answer on all the benefits New Jersey’s high taxes give its residents.

  9. Two Times Head and Three Secret Degrees I said...in a spray can says:

    grim – Something tells me that the economy at the time will count for something. Also, we tend to form initial reactions to blowhards, like Obama at the 2004 convention, on a single podium appearance, and it seems you have done the same. If we stay (relatively) war-free and the economy jumps to 4+% GDP I think there is no denying Trump a second term. I don’t see people surrendering their newfound to trade a fat white man billionaire for a fat black woman billionaire. Besides, I doubt she has the energy. Sure Oprah can run through 5 pies in 24 hours, but doubt she can do 5 rallies in a day, no matter what she tapes under the seats.

    There’s a reason MSNBC and CNN don’t whisper a wit about the economy or the stock market or the millions coming off of food stamps.

    Trump doesn’t stand a chance against Oprah. There is NO contest. If she will be running, he might as well start packing up the White House now.

  10. Hold my beer says:

    Oprah would have mopped the floor with anyone who ran in 2016.

  11. Two Times Head and Three Secret Degrees I said...in a spray can says:

    newfound wealth, that is.

  12. Two Times Head and Three Secret Degrees I said...in a spray can says:

    You are assuming that the Clinton Crime family would allow her to live, but I concur. I’ve said many times that any other Republican would have beaten Hillary worse, and any other Democrat would have beaten Trump. But that is a special point in time that you can’t return to.

    Oprah would have mopped the floor with anyone who ran in 2016.

  13. ExJersey says:

    Oprah would use a strapon to bring eddie to his knees.

  14. Libturd says:

    You get a car! And you get a car!

  15. Ottoman says:

    Did you give up on Benghazi after only a year? Watergate took 3. Anyway, obstruction of justice has been proven. Russia no longer matters.

    nwnj says:
    January 8, 2018 at 8:39 am
    Now that the Russian farce has imploded they are reaching for something else. *yawn

  16. Ottoman says:

    he’s already down there svcking all the corporate d!ck he can fit in his big fat mouth.

    ExJersey says:
    January 8, 2018 at 8:53 am
    Oprah would use a strapon to bring eddie to his knees.

  17. ExJersey says:

    Steadman….ready for 2020

  18. Ottoman says:

    Only someone who’s never driven the Schuyllkill would write this.

    Hold my beer says:
    January 8, 2018 at 8:44 am
    Still waiting for an answer on all the benefits New Jersey’s high taxes give its residents.

  19. 3b says:

    Hold grab another beer better yet a case you will be waiting a long time.

  20. D-FENS says:

    To the tax experts on the board…paying your property taxes locally and then declaring them a “charitable contribution” on your federal return….is that even legal? Wouldn’t it be tax fraud?

    https://www.insidernj.com/press-release/gottheimer-murphy-offer-tax-cut-plan-2/

  21. Libturd says:

    Rotting away on NJTransit again this morning. Train is single-decker and two cars short. SRO entire length of train and they just announced 45 minute delays into the city. Funniest part was when one passenger yelled out “fukc you!” when the conductor closed his announcement by saying,”thank you for your patience.”

  22. ExJersey says:

    Raining here. The first time in 6 months.
    Go figure.

  23. Fast Eddie says:

    Is it really true that African American unemployment is at the lowest point in 17 years? Do the useful idiots at MSNBC discuss this Trump achievement?

  24. Juice Box says:

    Iceberg dead ahead!

    Due to the extreme low temperatures combined with strong Northwest winds over the weekend, an ice field of up to 15 inches thick has formed from Atlantic Highlands to Sandy Hook and extending to Staten Island. Therefore, due to the worst ice conditions in Seastreak’s operating history, we will be forced to cancel service for Monday, January 8th.

    Seastreak’s sister company, Moran Towing, is currently mobilizing a high horsepower tug which will begin breaking the ice as the tug we have traditionally chartered was unable to break through the ice field and was forced to turn around this morning. We are confident that we will be able to get the ice broken up on Monday when we will be assisted by the predicted Southwest wind (up to 30 knots) and temperatures above freezing.

    We will continue to update you as conditions moderate over the next 24 hours.

    Sincerely,

    Seastreak

  25. Two Times Head and Three Secret Degrees I said...in a spray can says:

    The IRS is the final arbiter. I’m pretty sure I know how it will turn out.

    To the tax experts on the board…paying your property taxes locally and then declaring them a “charitable contribution” on your federal return….is that even legal? Wouldn’t it be tax fraud?

  26. 3b says:

    Lib it’s part of the privilege of living here. If you don’t like it, leave.

  27. Fast Eddie says:

    Year One:

    Trump – 1
    Useless liberals – 0

  28. Fast Eddie says:

    Year One:

    Jobs and the economy

    Passage of the tax reform bill providing $5.5 billion in cuts and repealing the Obamacare mandate.
    Increase of the GDP above 3 percent.
    Creation of 1.7 million new jobs, cutting unemployment to 4.1 percent.
    Saw the Dow Jones reach record highs.
    A rebound in economic confidence to a 17-year high.
    A new executive order to boost apprenticeships.
    A move to boost computer sciences in Education Department programs.
    Prioritizing women-owned businesses for some $500 million in SBA loans.

    Killing job-stifling regulations

    Signed an Executive Order demanding that two regulations be killed for every new one creates. He actually cut 16 rules and regulations for every one created, saving $8.1 billion.
    Signed 15 congressional regulatory cuts.
    Withdrew from the Obama-era Paris Climate Agreement, ending the threat of environmental regulations.
    Signed an Executive Order cutting the time for infrastructure permit approvals.
    Eliminated an Obama rule on streams that Trump felt unfairly targeted the coal industry.

    Fair trade

    Made good on his campaign promise to withdraw from the Trans-Pacific Partnership.
    Opened up the North American Free Trade Agreement for talks to better the deal for the U.S.
    Worked to bring companies back to the U.S., and companies like Toyota, Mazda, Broadcom Limited, and Foxconn announced plans to open U.S. plants.
    Worked to promote the sale of U.S products abroad.
    Made enforcement of U.S. trade laws, especially those that involve national security, a priority.
    Ended Obama’s deal with Cuba.

    Boosting U.S. energy dominance

    The Department of Interior, which has led the way in cutting regulations, opened plans to lease 77 million acres in the Gulf of Mexico for oil and gas drilling.
    Trump traveled the world to promote the sale and use of U.S. energy.
    Expanded energy infrastructure projects like the Keystone XL Pipeline snubbed by Obama.
    Ordered the Environmental Protection Agency to kill Obama’s Clean Power Plan.
    EPA is reconsidering Obama rules on methane emissions.

    Protecting the U.S. homeland

    Laid out new principles for reforming immigration and announced plan to end “chain migration,” which lets one legal immigrant to bring in dozens of family members.
    Made progress to build the border wall with Mexico.
    Ended the Obama-era “catch and release” of illegal immigrants.
    Boosted the arrests of illegals inside the U.S.
    Doubled the number of counties participating with Immigration and Customs Enforcement charged with deporting illegals.
    Removed 36 percent more criminal gang members than in fiscal 2016.
    Started the end of the Deferred Action for Childhood Arrival program.
    Ditto for other amnesty programs like Deferred Action for Parents of Americans.
    Cracking down on some 300 sanctuary cities that defy ICE but still get federal dollars.
    Added some 100 new immigration judges.

    Protecting communities

    Justice announced grants of $98 million to fund 802 new cops.
    Justice worked with Central American nations to arrest and charge 4,000 MS-13 members.
    Homeland rounded up nearly 800 MS-13 members, an 83 percent one-year increase.
    Signed three executive orders aimed at cracking down on international criminal organizations.
    Attorney General Jeff Sessions created new National Public Safety Partnership, a cooperative initiative with cities to reduce violent crimes.

    Accountability

    Trump has nominated 73 federal judges and won his nomination of Neil Gorsuch to the Supreme Court.
    Ordered ethical standards including a lobbying ban.
    Called for a comprehensive plan to reorganize the executive branch.
    Ordered an overhaul to modernize the digital government.
    Called for a full audit of the Pentagon and its spending.

    Combatting opioids

    First, the president declared a Nationwide Public Health Emergency on opioids.
    His Council of Economic Advisors played a role in determining that overdoses are underreported by as much as 24 percent.
    The Department of Health and Human Services laid out a new five-point strategy to fight the crisis.
    Justice announced it was scheduling fentanyl substances as a drug class under the Controlled Substances Act.
    Justice started a fraud crackdown, arresting more than 400.
    The administration added $500 million to fight the crisis.
    On National Drug Take Back Day, the Drug Enforcement Agency collected 456 tons.

    Protecting life

    In his first week, Trump reinstated and expanded the Mexico City Policy that blocks some $9 billion in foreign aid being used for abortions.
    Worked with Congress on a bill overturning an Obama regulation that blocked states from defunding abortion providers.
    Published guidance to block Obamacare money from supporting abortion.

    Helping veterans

    Signed the Veterans Accountability and Whistleblower Protection Act to allow senior officials in the Department of Veterans Affairs to fire failing employees and establish safeguards to protect whistleblowers.
    Signed the Veterans Appeals Improvement and Modernization Act.
    Signed the Harry W. Colmery Veterans Educational Assistance Act, to provide support.
    Signed the VA Choice and Quality Employment Act of 2017 to authorize $2.1 billion in additional funds for the Veterans Choice Program.
    Created a VA hotline.
    Had the VA launch an online “Access and Quality Tool,” providing veterans with a way to access wait time and quality of care data.
    With VA Secretary Dr. David Shulkin, announced three initiatives to expand access to healthcare for veterans using telehealth technology.

    Promoting peace through strength

    Directed the rebuilding of the military and ordered a new national strategy and nuclear posture review.
    Worked to increase defense spending.
    Empowered military leaders to “seize the initiative and win,” reducing the need for a White House sign off on every mission.
    Directed the revival of the National Space Council to develop space war strategies.
    Elevated U.S. Cyber Command into a major warfighting command.
    Withdrew from the U.N. Global Compact on Migration, which Trump saw as a threat to borders.
    Imposed a travel ban on nations that lack border and anti-terrorism security.
    Saw ISIS lose virtually all of its territory.
    Pushed for strong action against global outlaw North Korea and its development of nuclear weapons.
    Announced a new Afghanistan strategy that strengthens support for U.S. forces at war with terrorism.
    NATO increased support for the war in Afghanistan.
    Approved a new Iran strategy plan focused on neutralizing the country’s influence in the region.
    Ordered missile strikes against a Syrian airbase used in a chemical weapons attack.
    Prevented subsequent chemical attacks by announcing a plan to detect them better and warned of future strikes if they were used.
    Ordered new sanctions on the dictatorship in Venezuela.

    Restoring confidence in and respect for America

    Trump won the release of Americans held abroad, often using his personal relationships with world leaders.
    Made good on a campaign promise to recognize Jerusalem as the capital of Israel.
    Conducted a historic 12-day trip through Asia, winning new cooperative deals. On the trip, he attended three regional summits to promote American interests.
    He traveled to the Middle East and Europe to build new relationships with leaders.
    Traveled to Poland and on to Germany for the G-20 meeting where he pushed again for funding of women entrepreneurs.

  29. Juice Box says:

    Queue the ugly tweets.

    Trump Tower on fire in Midtown Manhattan

    Crews were responding to a one-alarm electrical fire on the rooftop of Trump Tower in New York Monday morning.

    Fire Department of New York Chief Roger Sakowich told NBC New York that the fire started in a cooling unit that contains heaters for use during this time of year, and said flames came out a vent just before 7 a.m. on Monday. The fire was reported after Secret Service agents noticed smoke.

    The president was not in the building when the fire erupted.

    A police source had told NBC News that there were no initial reports of injuries or evacuations. The fire chief later said there were two injuries: a firefighter who was hurt when debris fell on top of him, and an engineer who was injured but refused treatment.

    https://www.nbcnews.com/news/us-news/trump-tower-fire-midtown-manhattan-n835671

  30. ExJersey says:

    9:21 i heard they were signally a new Pope of Greenwich Village.

  31. ExJersey says:

    President Trump will head to Tennessee on Monday to appeal to farmers, a key demographic that helped elect him, as he promotes his tax law and previews a new White House strategy to help rural America.

    But back in Washington, some of the economic policies his administration is pursuing are at odds with what many in the farm industry say is needed, from a potentially drastic shift in trade policies that have long supported agriculture to some little-noticed tax increases in the $1.5 trillion tax law.

    American farmers are facing some of the most challenging times in a generation. Global prices for their products — including corn, wheat and other commodities — are mired in a multiyear slump, and the rural economy has remained sluggish since the recession. Net farm income has been roughly halved in the last four years, the largest four-year decrease since the Great Depression, the American Farm Bureau Federation says.

  32. Libturd says:

    Now getting cold on train. Which is surprising due to body Heat.

  33. ExJersey says:

    Mike Tyson is starting the New Year with green on his mind, because he’s leading the charge on a cannabis resort that aims at not only producing high quality strains of THC and CBD, but also implementing cutting-edge technology to advance the research on the health benefits of marijuana.

    On December 20, the former Heavyweight Champ broke ground on a 40-acre plot of land in California City, a remote desert about 60 miles southwest of Death Valley National Park. He was joined by business partners Robert Hickman, Jay Strommen and also city mayor Jennifer Wood.

  34. ExJersey says:

    The new fortunes made in California will be Agri-based.

  35. Hold my beer says:

    Libturd,

    Think of all the extra calories your body will burn trying to maintain normal body temperature. Must be one of those secret benefits of living in N.J.

  36. 3b says:

    Lib be proud Brothers. It’s a badge of honor only special people can be part of this.

  37. Libturd says:

    Now can’t get on E train since station is packed

  38. D-FENS says:

    This picture is making the rounds on the intertubes this morning.

    https://cloudpix.co/oprah-gave–kiss-cheek-critics-wife-harvey-weinstein-808381.html

  39. Libturd says:

    This country is fukced!

  40. Juice Box says:

    D-FENS – dosen’t matter, she could shoot somebody dead to the head in broad daylight in front of a thousand witnesses on Michigan Avenue in Chicago and the rank and file in the party will still line up to vote for her. It is still a numbers game in swing states.

  41. No One says:

    Trump doesn’t stand a chance against any halfway-decent candidate. He might even have to work hard to win the Republican nomination. Most Republicans would love for him to retire in 3 years.

  42. D-FENS says:

    Trump is not a Republican. There are 3 parties now. Trump and his supporters have formed a coalition with Republicans to govern.

  43. Blue Ribbon Teacher says:

    Think of all the extra calories your body will burn trying to maintain normal body temperature. Must be one of those secret benefits of living in N.J.

    The long term biological response would be to eat more to add some more natural insulation.

  44. dentss dunnigan says:

    By what measure is paying what you’re required to pay for state taxes in any way a charitable donation? …Just because the states would attempt it doesn’t mean it will actually fly with the IRS….Should states with high taxes have been allowed to keep their taxes high and spend so much on services not provided to other states by gaming the system through the state- and local-tax deduction?..Congress already restricts the use of the state and local tax deduction through the alternative minimum tax where was the outcry then …? ..So, let us consider: what kinds of charities are allowed for federal income tax deductions?…Case law and IRS regulations generally require charitable intent for a contribution to be deductible, meaning that the individual does not receive a substantial benefit from the contribution. Against this requirement, the sole purpose of the proposed contributions in lieu of taxes proposal is financial gain.

  45. nwnj says:

    Yeah, don’t see the charitable contribution gimmick flying. Maybe I can change everything that I buy for my children into a charitable contribution and deduct that as well. I’m sure the IRS would welcome that with open arms.

  46. leftwing says:

    “Trump doesn’t stand a chance against Oprah. There is NO contest. If she will be running, he might as well start packing up the White House now.”

    May want to look at the electoral map again……

    Bright red going to stay red, dark blue going to stay blue. Doubt the housewifes of WI, IA, and MI who vote red feel much Presidential affinity for her as a candidate. And I would argue the gains by the Dems in that blue ‘hook’ from VA through MS (county map) would actually decrease…….

    https://www.nytimes.com/elections/results/president

    Plus unlike the prior candidate of the WH the color barrier has already been broken and her demographics are decidely skewed toward the over 35 crowd. Neither of which incents the key swing young voter to get out and pull the lever. However sad, I can’t overstate the number of new voters (college students) from my town (95% red) who pulled the lever for Obama because they wanted to break the color barrier and he was ‘cool’. She is neither to them. Quite frankly, I think she would turn off the younger crowd. “OOOOOOOOOOOOOOOOOOOOhhhhhhh!!!!!!!”

  47. ExJersey says:

    9:13 i guess you could ask a black person if you knew any…,

  48. leftwing says:

    “Trump doesn’t stand a chance against any halfway-decent candidate. He might even have to work hard to win the Republican nomination. Most Republicans would love for him to retire in 3 years.”

    Said it when he was elected, will repeat again. Trump will voluntarily give up the job after four years and get behind Pence. Why?

    The actual job sucks. He’s old, and doesn’t want to spend eight of the final years of his life doing this. He doesn’t need to, he’s wealthy already. He’s all about winning, and he won. He’s all about winning, and he’d be too concerned about losing in 2020 and having that as an epitaph.

    Write it down. Voluntarily steps aside after four.

  49. nwnj says:

    If the first year has been any indication, it will be a glorious four years.

  50. leftwing says:

    “Congress already restricts the use of the state and local tax deduction through the alternative minimum tax where was the outcry then …So, let us consider: what kinds of charities are allowed for federal income tax deductions?”

    I really hope NY/NJ/CA file in Fed Court a challenge. It would be too good to be true..

    It moves the Dems even further to the extreme for the independent swing voter. That person sees the tax plan, as opposed to some orders, as validly passed legislation. The Dems would look like wingnuts to these voters.

    If successful, it would take away real hard cash benefits those swing voters received. Good overall Dem party strategy. The Repubs give the swing voters a bunch of money, your guys go to Court to take the money back.

    The amusement of watching the NJ in front of an Appeals Court reconciling the legal challenge with NJ law limiting property tax deductions in NJ to $10,000 as well. That will be fun.

  51. Phoenix says:

    Post of the day….

    Grim says:
    January 8, 2018 at 8:33 am
    Congress is filled with Alzheimer’s patients.

    Can we start the housecleaning there?

  52. leftwing says:

    Please Dems, just keep doing what you are doing. That is best campaign strategy for 2020 the Repubs could ever hope for. Your hate of Trump is blinding you to the fact you are losing what you actually need, the swing voter.

    Winfrey/Warren 2020! Sanders for Sec of State!

  53. leftwing says:

    If these Dem donkeys are dumb enough to actually file against the tax law, for sh1ts and giggles I may honestly file a concurrent suit against NJ. That $10k property tax limit unfairly targets my town, where the minimum property tax is $10k, we are 95% Red, and the State is controlled by Blue. LOL, I’m not kidding, maybe do it pro-se. Cut and paste the relevant arguments from their Federal case verbatim for an extra poke in the eye.

  54. JCer says:

    yeah we’d all love the charitable contribution thing to work but here in reality we all know that the code is pretty clear about what is allowable I don’t know how municipalities can give a property tax credit in exchange for a donation. Unless there is something I’m missing all of these politicians and lawyers are straight up idiots. Creating charitable entities for these towns is smart and if everyone voluntarily donates a percentage of their property taxes, the levies could be lowered but there can be no “explicit credit” given in exchange for the donation.

  55. D-FENS says:

    “Sources” says Brian Stelter

    Sources: Oprah Winfrey ‘actively thinking’ about running for president

    http://money.cnn.com/2018/01/08/media/oprah-golden-globes/index.html

  56. Two Times Head and Three Secret Degrees I said...in a spray can says:

    Herman Cain told me Oprah is a fat nothingburger.

    9:13 i guess you could ask a black person if you knew any…,

  57. D-FENS says:

    9:29 –
    Farming also has the dubious distinction of highest suicide rate over any other occupation. It’s an extremely difficult high-risk job with ready access to lethal means.

  58. leftwing says:

    “yeah we’d all love the charitable contribution thing to work but here in reality we all know that the code is pretty clear about what is allowable”

    Guess they could try to make the case that the State of NJ is a broke and indigent welfare recipient and therefore in need of charity

  59. Two Times Head and Three Secret Degrees I said...in a spray can says:

    32.5 degrees outside, woo-hoo! Haven’t seen temps above freezing since before Christmas.

  60. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    Break out the swimsuits.

    Hey Essex. Now it won’t stop raining for two straight months and the few homes not burned in the mega forest fires will be at huge risk from mudslides. But this will pale in comparison to the latest Kanye West incident. So how do you like Cali now?

  61. ExJersey says:

    11:25 it’s not terrible. But remember, i’m out in Ventura/Simi area so away from LA (30 miles) Kanye who?

  62. chicagofinance says:

    Thank you Obamunists…….

    In January 2008, the Congressional Budget Office
    forecasted that our nation’s “debt held by the public” would fall
    from $4.843 trillion as of 9/30/07 to $4.274 trillion as of 9/30/17.
    Instead, our “debt held by the public” has risen to $14.673
    trillion, more than $10 trillion greater than the CBO estimate
    (source: CBO).

  63. Juice Box says:

    re: “Congress is filled with Alzheimer’s patients”

    Not so much? Must be some other mental disorder, perhaps Egomania?

    By the numbers.

    In the House out of 438

    12 members over 80+ yrs – 3 %
    62 members over 70-79 yrs – 14%

    In the Senate out of 100

    8 members over 80+ yrs – 8%
    17 members over 70-79 yrs -17%

    Wow look at the number of Staffers!!! Talk about drain the swamp!!!

    9,549 staffers in the House.
    6,780 staffers in the Senate.

    https://www.legistorm.com/congress_by_numbers/index/by/house.html

  64. Juice Box says:

    re: “i’m out in Ventura/Simi area”

    Yeah didn’t we head you mention box canyon road once? That is Kayne’s neighborhood….

  65. D-FENS says:

    Gottheimer says it’s legal

    “Similar programs exist in at least 22 other states and have been backed by the IRS and found to be meet legal muster, according to Gottheimer, a former Microsoft executive who had been a speech writer for President Bill Clinton.”

  66. 3b says:

    Someone stole a police suv and attempted to crash through the Hoboken terminal waiting room. Suspect arrested.

  67. leftwing says:

    Lib? You lose it as your train pulled into Hoboken?

  68. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    I wish! I pulled into NY Penn this morning. To get an SUV into the rotunda would be incredibly difficult now that 41st is blocked off to vehicular traffic.

  69. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    Wait…That’s the PA. I meant 30th.

  70. leftwing says:

    “Similar programs exist in at least 22 other states and have been backed by the IRS and found to be meet legal muster….”

    Cool. I’m paying $16k in taxes for an undeveloped lot at the end of a cul-de-sac. Don’t use water, electricity, gas, or water – none even connected. Don’t need fire or police either. Or schools.

    I know what my 2018 ‘donation’ will be!!

  71. nwnj says:

    And what happens when someone refuses to pay and challenges the “donation”? Are they going to call it a donation when they file to take your property?

  72. The Great Pumpkin says:

    “Here is a good example of what #globalwarming has done to the once stable #jetstream. By warming the pole you allow the jet to wander, bringing huge dips in temperature in one zone but high heat in others.”

    Example Anamoly:
    On Jan. 2, for example, the temperature was warmer in Anchorage, Alaska (high of 48°F) than New Orleans, Louisiana (high of 39°F).

  73. The Great Pumpkin says:

    Pretty good advice.

    “Certainly the lesson I have taken from the last decade was that stock market investment is not for people who lack inside knowledge.

    I am what they call “dumb money”, not because of my native intelligence level but because of my lack of Intel as in inside information as who’s going to rape and pillage who next.

    I think the smart money stays out of the stock market and purchases Investments where they can actually have direct knowledge of what’s going on such as local small businesses or buildings.”

  74. Fast Eddie says:

    I think the smart money stays out of the stock market and purchases Investments where they can actually have direct knowledge of what’s going on such as local small businesses or buildings.”

    Can someone translate this into English, please?

  75. 3b says:

    Former aide to British prime minister Cameron says Cameron thought Obama was the most narcissistic self absorbed person he had ever met. He deemed himself to be the smartest in the room and refused to listen to subject matter experts and was also prone to lecture others. Sounds exactly like what we have no. I alwsys thought Obama was arrogant and full of himself.

  76. leftwing says:

    3b, lol. Remember my nickname for him, Lecturer-in-Chief?

    Arrogant pr1ck wagging that super long finger around in the air…wanted to break off and shove it up his arse

  77. Fast Eddie says:

    Oblama really sucked as president both domestically and abroad. His list of failures is immense. He was a weakling.

  78. Hold my beer says:

    Pumps,

    No need to add the word ‘money’ to your “I am what they call dumb” statement.

    But what do I know. I am just a loser in Texas not smart enough to buy a house on a hideaway that has not appreciated since my purchase date.

  79. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    There were really only four things that really irked me about Obama.

    1. The porkulous – rather than provide economic stimulus, it was pretty much a thank you to every union and organization that stood by the Dems during the W years.

    2. The lack of teeth in the new post-fiscal crisis banking legislation – Window dressing mostly and now too big to fail is even too gargantuan to even consider let failling.

    3. I forgot which World Series it was, but when Obama called to congratulate the team, he started speaking with the ghetto accent when addressing any of the black players individually. I know where Obama grew up. Just stop it now. You are not Kanye West.

    4. The Cambridge police acted ‘stupidly’ comment. This one showed his true lack of finesse as President and his rampant elitism which showed all too often during his two terms.

    Otherwise, besides playing the social issue part to the T to maintain his base, he really wasn’t too bad. Really. 8 years of almost no change. Sorry I believed in him.

    With this said, I respect Trump’s independence. What he’s doing with it, I completely disagree in most cases. A wall? Really? It’s that simple. Lot’s of talk and little action.

  80. JCer says:

    Steam and left

    The way I see it
    Trump=narcissist, buffoon, in it for prestige and legacy
    vs.
    Obama=self righteous, narcissist, no nothing, done nothing, fundamentally intent on destroying america

    I saw right through his act during the first campaign. It never passed the smell test, he was never going to be the reformer he claimed when he campaigned.

  81. Blue Ribbon Teacher says:

    Pumps, how many classes on climate have you taken?

  82. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    None, obviously. I wonder what caused the worst winter in recorded history ever.

    “January 1857 brought some of the coldest weather ever to the East Coast. From Virginia to Massachusetts, temperatures hovered around zero, and over a foot of snow blanketed Washington, D.C., and Baltimore. Petersburg, Virginia, recorded -20 degrees. In New York City, the East River froze hard enough to create an ice bridge between Manhattan and Brooklyn, one of several reported in the mid-19th century.”

  83. The Great Pumpkin says:

    Wasn’t my statement.

    As for real estate, it’s not a sprint, it’s a marathon. My house appreciated, but what does it matter if I’m not selling?

    Hold my beer says:
    January 8, 2018 at 2:27 pm
    Pumps,

    No need to add the word ‘money’ to your “I am what they call dumb” statement.

    But what do I know. I am just a loser in Texas not smart enough to buy a house on a hideaway that has not appreciated since my purchase date.

  84. D-FENS says:

    Revel could re-open

  85. ExJersey says:

    12:00 yes i did. My neighbor grew up there. charles manson had his ‘cave’ there.
    I expect that area to receive new focus once Tarantino’s film hits theaters.

  86. ExJersey says:

    Listen folks i know i have been a bit much lately but that was old me. New year new me. Jumped on a bicycle for the first time in months, felt reborn. Happy New Ya!”

  87. No One says:

    Steamturd, that was caused by horse-farts.

  88. Steamturd, Part Time Orientalist and Full Time Mysoginist says:

    Right. Global horse farts.

  89. 3b says:

    Obama could have been the great United as a bi racial person but he preferred to play I am just black . And many bought it. But he was a poser. He did not grow up with or go to school with or socialize with a Black people. And absolutely no Black roots in this country.

  90. Juice Box says:

    re” Jumped on a bicycle for the first time in months, felt reborn. Happy New Ya!”

    Did it have a seat?

  91. ExJersey says:

    4:01 Yes. Yes it did.

  92. Two Times Head and Three Secret Degrees I said...in a spray can says:

    I wouldn’t trust any data from that site, since they obviously don’t even know how many House seats there are.

    In the House out of 438

    12 members over 80+ yrs – 3 %
    62 members over 70-79 yrs – 14%

  93. Grim says:

    So then technically Oprah will be or first black president.

  94. 3b says:

    Yes Oprah would be the first Black President. Obama was the first bi racial President. The media ignored it.

  95. ExJersey says:

    I love the rain: https://youtu.be/RD5b_0QB0wI

    Of course i did not buy a hillside/mudslide location.

  96. Grim says:

    Off to Miami

  97. chicagofinance says:

    Dedicated to puzzy or stable genius or whatever the fcuk you call yourself:
    https://youtu.be/JmBPPV6AWwQ?t=3m23s

  98. 3b says:

    And not technically. She would be the first Black President.

  99. D-FENS says:

    Whoops. Hope Elon Musk has insurance.

    BREAKING: An ‘expensive and highly classified U.S. spy satellite’ is presumed to be a total loss after it failed to reach orbit atop a SpaceX rocket on Sunday – Dow Jones, citing sources

  100. Blue Ribbon Teacher says:

    Elon Musk doesn’t need insurance. He has bond offerings.

  101. Grim says:

    Perhaps Trump should have been nicer to Elon?

    Donny boy, this is a pretty nice satellite you have here, would be a shame if something should happen to it, you know, on account of the US not actually having a way to launch another anymore.

  102. Grim says:

    Or maybe it’s just so secret and stealthy, it can’t be seen.

  103. leftwing says:

    Lift off was clean, watched it. Maybe the Feds just want you to think it was a loss, eh?

  104. leftwing says:

    Who has an android phone out there?

    Log into google using your gmail account. You have one even if you don’t remember it. Your phone forces you to make one.

    Go to the nav bar and type: history.google.com/history

    Have fun. Geolocation and voice were my faves.

  105. Two Times Head and Three Secret Degrees I said...in a spray can says:

    That’s what Pumps said. twice a week.

    Lift off was clean, watched it.

  106. Comrade Nom Deplume, looking for a bump stock or five says:

    Truthfully, that rate of return should be cut a lot lower. But that would be like dropping a 20 megaton nuke on the state.

Comments are closed.