Gov. Chris Christie says he's not worried that federal budget cuts will have a major impact on New Jersey.

Governor Christie talks about sequester in Jersey City (YouTube)

Christie said Monday that most state residents won't be affected by the so-called "sequester," or $85 billion in automatic budget reductions that went into effect Friday.

Christie says if the federal government can't cut one cent out of one dollar without bringing the economy to its knees, then the government was already in bad shape. But he expressed disappointment with Washington, saying New Jersey had done more fiscally challenging things in shorter time periods.

Christie says any cuts must address entitlement spending to ensure the nation's long-term fiscal health.

Christie accused the Obama administration of overplaying the potential impact of the cuts, saying planes aren't falling from the sky.

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