xmlns:og='http://ogp.me/ns#'. The Digibandit: Chris Christie and New Jersey are BOTH Porkers Now

Wednesday, September 19, 2012

Chris Christie and New Jersey are BOTH Porkers Now

  Fat Fucking loud mouth Gov. Chris Christie of New Jersey rose to stardom in the national Republican Party by promoting himself as a fiscal conservative willing to make the “hard choices” to restore sound budgeting to his state.
Todd Heisler/The New York Times
While addressing the Republican National Convention in Tampa, Fla., last month, Gov. Chris Christie no longer spoke of a “New Jersey Comeback.”
WELL -So much for that bullshit

But for much of the last year, Democrats and independent budget analysts have argued that his current budget was built on wishful thinking, and assumed that the state’s lagging economy would grow faster than that of almost anywhere else in the nation. In his typical blunt style, Mr. Christie dismissed those doubters as “rooting for failure.”
On Tuesday, his frequent assertions of a “New Jersey Comeback” came under fresh scrutiny, this time from Standard & Poor’s, which downgraded the state’s financial outlook to negative from stable.
The ratings agency said it lowered its outlook because it believed the governor’s revenue projections for the current fiscal year were overly optimistic, warning that the budget was structurally unsound. In particular, the agency took note of the administration’s reliance on one-time transfers of money to fill gaps in the state’s $32 billion budget. At the same time, it noted that the state will have to spend more in the coming years to meet pension and Medicaid obligations.