A Letter to the Editor

Today's "Our View" correctly identifies deferral of expenditures as a budgetary gimmick that does not seriously address New Jersey's mounting fiscal crisis. Yet, in the same issue, a frontpage article refers to governmental pension-payment deferrals as "savings." Deferrals are not savings, and propogating that delusion further enables the perpetrators in Trenton to put off real, meaningful, and lasting spending cuts (the only way to right our listing ship of state). With deferrals, taxpayer liabilities continue to rise, unaffected--and eventually (on someone else's watch the gutless politicos pray) the bills come due and the piper must be paid.