The designated moderate in the Republican presidential field, Chris Christie, will have to run on a little more than his famous bellicosity. There is the matter of his record as governor of New Jersey and his success in dealing with that famously Republican constituency: organized labor. In that regard, Christie may have a problem.
As Jarrett Renshaw writes in the Star-Ledger:
Gov. Chris Christie has warned potential investors there is no guarantee the state will make its required pension payments in future years, an admission that underscores a looming financial crisis he and future governors face as retirement costs are expected to explode before the decade ends.
The problem of large, unfunded pension obligations has not gone away and numbers do not respond to bluster.