To bully Christie: Standard & Poor's lowers New Jersey state credit outlook

[mfcorey1]

More bad news for New Jersey, and for Gov. Chris Christie:
The latest dose of bad news was delivered by Standard & Poor’s, which Tuesday lowered its credit outlook for New Jersey from stable to negative.
While Standard & Poor’s did not change the state’s AA- rating — one of the worst among the states — it warned the more drastic step of a lower rating loomed if Christie’s nearly 8 percent growth in revenue failed to materialize. [...]

"We revised the outlook to reflect our view of the risk of revenue assumptions we view as optimistic, continued reliance on one-time measures to offset revenue shortfalls, and longer-term growing expenditure pressures," John Sugden, a credit analyst for Standard & Poor’s, said.

http://www.dailykos.com/story/2012/09/19/1133970/-Standard-Poor-s-lowers-New-Jersey-state-credit-outlook

[GulleyJimson]

1. Christie's

going to Standard and Poor's and verbally abuse them.

What a maroon!