New Jersey Governor Criticized over Bankruptcy Remark


On the same day as the state of New Jersey offered a bond offering, its governor Chris Christie made a remark that rising healthcare costs might ‘bankrupt’ the state. Governor Christie was soundly criticized for his remark which any experts feel was ill-timed.

About 20 minutes after the statement was made in a town hall meeting in Paramus, the New Jersey Economic Development Authority reduced the tax-exempt school bond it was offering by almost half to $777.5 million and its taxable bond by half to $123.2 million.

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