Connecticut's New Economic Language
Budget Deficit-A concept that does not exist in Connecticut during reelections of candidates led by Dannel Malloy and Hartford's Omnipotent One Party Rule, for example their were no budget deficits during the campaign but a $200 million dollar budget deficit after the election. However the budget deficit does not exist due to most line items in the budget are taken off to show a surplus.
Budget Surplus-Dannel Malloy and Hartford's Omnipotent One Party Rule always have budget surpluses by taking spending off the budget and placing it in an unknown area. For example state pension liabilities are off budget.
Senior Executive Assistant For Financial Literacy-Is a political position that needs no background or work experience in business, finance or economics or obviously financial literacy. Democratic state Treasurer Denise Nappier needs this assistant to help create financial literacy in Connecticut. The qualifications for the job which is not a posted exam position for state employment are that you run for State Senate as a Democrat, lose and then get paid $85,000 plus benefits of state taxpayer's monies for the job.
Funding for State Pensions-Are a fascinating look at progressive Democrat economic thought in Connecticut. Chronic underfunding base upon wild, Utopian investment returns is how it is funded. Connecticut has the highest pensions in the country and rank 49th in funding for them. Dannel Malloy and Hartford's Omnipotent One Party Rule believe that they are funded adequately.
Long Term Unfunded Liabilities-Basically do not exist in Connecticut. This $80 billion dollars of long term unfunded liabilities should be dealt with by future elected officials and are of course the fault of the minority Connecticut Republican party. You just keep borrowing to fund them.
Mandatory Constitutional Spending Cap-Is a hindrance to Dannel Malloy and Hartford's Omnipotent One Party Rule chronic spending. This cap that was enacted through voters is a useless law that has, should be and will be ignored by Dannel Malloy and Hartford's Omnipotent One Party Rule.
State Income Tax-Dannel Malloy and Hartford's Omnipotent One Party Rule use this tax to penalize those remaining people who work here in Connecticut to help protect their ruling and elite political machines by giving them jobs and subsidies. It helps to create their constant spending.
Ranking Last In Most Economic Categories-Is misleading to Dannel Malloy and Hartford's Omnipotent One Party Rule because we have turned a corner to economic prosperity and growth according to their rhetoric. Ranking last means to them a need for even more spending and new and higher taxes for Connecticut.
I hope you are more informed on the new economic language of Connecticut. It is sad but true that Connecticut has no financial literacy in Dannel Malloy and Hartford's Omnipotent One Party Rule current regime.