Ratings Agency Downgrades NJ Debt, Blames Christie for Undercutting His Own Pension Reform Plan

New Jersey State AFL-CIO President Charles Wowkanech issued the following statement on the seventh downgrade of NJ’s debt under Gov. Chris Christie:

“The governor’s visits to Mexico last week and to Camden today show he’ll do anything to avoid responsibility for New Jersey’s severe fiscal problems. In again downgrading New Jersey’s bond rating, Fitch Ratings noted that Christie undercut his own reforms by refusing to make the full pension payment required by the law he signed. It will cost taxpayers more to repay bonds used to build schools and roads. As the state’s fiscal steward-in-chief, Christie has failed New Jersey taxpayers.”

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