Donating to Planned Parenthood might top the list (and it’s a long list) but among Chris Christie’s what-should-be-obvious lies-for-votes one of the most pernicious is:
Counting on nobody doing the math (even himself) this passes for an accomplishment in his mind. But Moody’s did the math.
“Most states made budgetary contributions at or close to their actuarially determined contribution levels,” according to a report released Friday by Moody’s. Thirty-six gave more than 90 percent. Only two — New Jersey and California, at 48.2 percent — fell below 60 percent.
Where did New Jersey fall?
The article concludes:
“Several states coping with pension underfunding and outsized liabilities will continue to face significant credit challenges,” Moody’s wrote. The company gives New Jersey a rating of A2, sixth-highest, with a negative outlook, indicating another downgrade is a possibility. Only Illinois has a worse credit rating.