CRYAN: MOODY’S DOWNGRADE ANOTHER SIGN OF CHRISTIE BUDGET FAILURES

(TRENTON) — Assembly Majority Leader Joseph Cryan (D-Union) released the following statement Wednesday on Moody’s decision to cut New Jersey’s bond rating, becoming the second credit rating agency to lower a New Jersey rating this year:

“Gov. Christie’s irresponsible policies are truly beginning to hit home.

“That’s unfortunate for taxpayers already reeling under Gov. Christie’s property tax hikes.

“It’s no laughing matter when one Wall Street agency takes a sour look at the governor’s budget. It’s even worse when two credit rating agencies do so. The governor’s fiscal failures are getting noticed by Wall Street and that is troublesome.

“Gov. Christie must learn that failing to fund pension contributions and vetoing job creation and economic development bills have consequences. New Jersey has 6,000 less jobs now than when Gov. Christie took office. That’s a terrible record.

“If he doesn’t change his mindset and decide to devote more time to fixing problems rather than pointing fingers and looking for people to yell at on YouTube, then New Jersey’s economic recovery will sadly continue to lag the nation.”