Bucco Condemns Latest Corzine Borrowing Gimmick

Senate Republican Budget Officer Anthony R. Bucco strongly condemned the Joint Budget Oversight Committee's approval of a debt restructuring gimmick that Governor Corzine plans to use to push more of today's crippling debt burden on to our children and grandchildren.

"The 'savings' that the treasurer is predicting from this debt sale are an illusion cooked up by desperate politicians and their enablers on Wall Street," Bucco said. "The proposal clearly proves Governor Corzine and legislative Democrats will continue to rely on unforgivably irresponsible gimmicks like the many others that Wall Street has hawked to New Jersey over the past eight years."