Wednesday, February 16, 2011

NJ Bond Rating Downgrade Demonstrates Need For Fiscal Vigilance

Decades of NJ Politicians Irresponsible Borrowing and Spending Come to a Head

Senator Anthony Bucco, the Senate Republican Budget Officer, issued the following remarks regarding Standard and Poor’s downgrade of New Jersey’s general obligation bonds:
“For more than a decade New Jersey irresponsibly borrowed, taxed and spent, often without voter approval, until the state is near the edge fiscal collapse.

Standard & Poor’s downgrade is further proof that the tough decisions being made by Governor Christie are the only way to return New Jersey to fiscal health. Read More

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