New Jersey Governor Chris Christie has learned that talking about state insolvency may have a cost.Great, so we now know how to stop government from borrowing.
About 20 minutes after Christie, 48, told a town-hall meeting in Paramus today that health-care costs “will bankrupt” the state, the New Jersey Economic Development Authority cut its tax-exempt school-related bond offering by more than half to $712.3 million.
Here is one from me, California is bankrupt.
The Bloomberg reporter, Brendan A. McGrail, is wrong in reporting that this is bad thing.
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