New Jersey Rating Cut by Moody?s as Christie Pledges Fix - Bloomberg
Moody's has downgraded New Jersey's credit for a 5th time, citing revenue shortfalls due to Chris Christie and Republican legislature tax cuts.
Gov. Brownback is having the same problem in his state of Kansas.
When you cut taxes, you cut revenue and have to make it up in other ways. Christie apparently hasn't planned for that because tax cuts are supposed to be their own reward according to the broken Republican economic theory.
Christie has said he will address the downgrade with proposals next week which are sure to look like more tax cuts for the rich and more service cuts for everybody else.
Let's see how Christie and others find an innovative way to blame Barraco Barner for this one.
Moody's has downgraded New Jersey's credit for a 5th time, citing revenue shortfalls due to Chris Christie and Republican legislature tax cuts.
Gov. Brownback is having the same problem in his state of Kansas.
When you cut taxes, you cut revenue and have to make it up in other ways. Christie apparently hasn't planned for that because tax cuts are supposed to be their own reward according to the broken Republican economic theory.
Christie has said he will address the downgrade with proposals next week which are sure to look like more tax cuts for the rich and more service cuts for everybody else.
Let's see how Christie and others find an innovative way to blame Barraco Barner for this one.