Wall Street analysts at Moody’s Investors Service today lowered their outlook on New Jersey’s debt from stable to negative, saying the state remains hamstrung by rising costs and “a sluggish economic recovery” despite Gov. Chris Christie’s efforts.

The analysis by Moody’s warns that public workers’ retirement benefits and other costs are climbing rapidly, and that revenue is not growing fast enough to bridge the gap.

Although Moody’s gives Christie credit for taking a “proactive approach” to control pension and health benefit liabilities, the overall assessment was dire for the Republican governor at a time when his advisers are pushing for a 10 percent tax cut.

http://www.nj.com/politics/index.ssf/201...w_recovery.html

....despite Gov. Chris Christie’s efforts. Say what?

Chris Christie, failing up the Republican party from New Jersey