Under fiscal conservative Chris Christie's leadership, New Jersey's debt has been downgraded for the second time this year and the fifth time overall. Once again, Republican policies fail to improve the fiscal standing of a Republican-led polity. I'm beginning to think that Republicans aren't about fiscal responsibility at all.
As if the debt downgrade wasn't enough, the Atlantic City casino industry is imploding, with the closing of a ,much-vaunted luxury casino being the start of what is probably an irreversible death-spiral for the city. Oh, well, a government pinning its economic hopes on gambling revenue (and Christie muffed the amount of cashola that legalized internet gambling would bring in to the state's coffers) is as stupid as an individual pinning his economic hopes on lottery tickets.
Christie's been an unmitigated disaster for New Jersey, all of the bombastic bloviation in the face of his critics can't hide the fact that he has done nothing to improve the economic standing of either New Jersey or New Jerseyans.