***MULTIMEDIA PACKAGE*** BUDGET IN BRIEF: SCHAER ON CHRISTIE BORROWING $4.4 BILLION

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(TRENTON) — In this multimedia package, Assembly Budget Committee Vice Chair Gary S. Schaer (D-Passaic) discusses Gov. Christie’s plan to borrow $4.4 billion for transportation projects without voter approval.

The multimedia package consists of a video of Assemblyman Schaer talking about the bonding plan and audio and a transcript of same.

The video can be accessed directly via our website — www.assemblydems.com — or by clicking here.

The audio file is available upon requestl.

A transcript of comments from Assemblyman Schaer follows:

Assemblyman Gary S. Schaer (D-Passaic), Assembly Budget Committee Vice Chair:
“We’re talking about correcting a vital transportation problem.

“I don’t know if $4.4 billion takes us there, but, more importantly, while we’re looking to solve one problem, let’s not continue to exacerbate another one. We all complain that taxes are too high; we all complain that we’re spending money today and bonding it; that future generations are going to have to pay.

“This plan takes us nowhere. In five years, we’re going to be in the same hole that we are now and we continue to dig deeper and deeper and think that we’re going to come out of it.

“Borrowing our way into solving today’s needs — not thinking about tomorrow’s needs appropriately — and dealing with the fact that our great-great-grandchildren are going to be paying for the sins that we, in fact, are causing today is not the answer.”