Tuesday, February 22, 2011

A suggestion for the budget mess we're in

New Jersey Democrats in the state legislature (Ray Lesniak among them) are suggesting we revisit the millionaires tax to bring $630 million annually in new revenues to our state. I agree with this revenue proposal but I have a different idea of what to do with this money besides restoring cuts for current programs.

Let's put it towards the unfunded pension problem. It would be a small step in the right direction but I would put a condition on this pension fund contribution. The unions have to agree to givebacks to help address government budget gaps.

I feel strongly that government unions must play a major role in solving state and municipal budget woes. But it doesn't seem right that when we are asking our workers to sacrifice, Wall Street is doing quite well and corporate earnings are rising. Those more fortunate, the truly wealthy, need to do their part along with workers. It can't be either or. It has to be both. If not, we will continue to see police and fire services decimated and public education compromised. Governor Christie, are you listening?