New Jerseyans Likely to Suffer No Matter What Debt Solution Outcome

Publication: NJ.com

Author: Salvador Rizzo


07/29/2011 - No matter what the outcome of Washington’s negotiations on raising the debt ceiling is, one thing is certain: New Jerseyans, as most Americans, will suffer.

State officials and economic analysts said that of the two possible scenarios – neither is good.

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“These are job-creation projects,” said Kil Huh, research director at the Pew Center on the States. “If states can’t access the credit markets, or they’re paying more to borrow, they’ll postpone these projects and essentially postpone the kind of activities that might help the economic recovery.”

Read the story New Jerseyans Likely to Suffer No Matter What Debt Solution Outcome in its entirety on the NJ.com Web site.

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