Sunday, May 22, 2016

Armed Forces Day May 21-Let Us Give Thanks to Those Who Serve

Saturday May 21 is Armed Forces Day.  It is a day to reflect and give thanks to all of our Men and Women who serve in our Army, Navy, Air Force, Marines and Coast Guard without ego or fanfare.  It is a time to reflect on all of those who gave their lives to preserve the freedom of our country. 
To me it is a thankless job especially when our national elected officials are ignorant of military and world matters.  America has always been asked to help in times of crisis or natural disaster.  It should be understood that the greatest country in the world is expected to lead in times of need or crisis.  Our country relies upon an all volunteer Armed Forces to help keep peace in our world, help protect our citizens abroad and to allow others the opportunity to live in a free society rather than under a dictatorship/tyrant rule as we still see in 50 countries of our world such as Cuba, Iran and North Korea to name a few.
Freedom is not and has never been free to achieve.  Millions upon millions of people have died in a quest to be free and to remain living free in our world.  Freedom should be taken for granted nor abused by politicians who in many cases are ignorant of their world history of freedom.
Let us rejoice and give thanks to all those who are current serving and have served in our Armed Forces every day of the year not just once a year.  For with out them the likelihood of us being free would be questionable.  Thank you all who have served and are serving our country.

Saturday, May 14, 2016

What Is To Like About The Connecticut Democrats Fourth Deficit Budget?

Not much.  In trying to understand as an economist and as a taxpayer a complex $20 billion dollar budget in 48 hours or less, there is not much to like about this budget.  Nor did I like the past Connecticut Democrat Party/Malloy developed deficit ridden budgets.
This budget again lacked any input from the Republicans who represent a large part of the state.
This budget in theory does not raise any taxes however it again puts off the payments of GAAP debt for yet another year.  This only increases the interest payments the state must make in the future.
This budget also takes over more local control from cities and towns by creating in 2018 Regional Education Service Centers that will force cities and towns to consolidate human resources, finance and technology divisions.  This was done with no input from the 169 towns and cities in our state.
This budget has built in deficits in it due to the apparent creation of supposed savings and shifting of budget items around.  If you did this in private business you would probably be arrested for accounting fraud.  This is a well known magic trick of the Connecticut Democrat Party to help continue their economic debacle.  There will be no increased savings nor lack of spending.
This budget caps non union pensions at a mere $125,000 a year.  I am curious as to how many middle class citizens in the state receive this type of pension or any type of pension from their employer?
This budget also satisfies long time Democrat controlled cities by allowing Bridgeport to defer part of their pension payments into the state run pension system for municipal workers for two years  and Middletown receives $2 million dollars more in funding through the implementer rat function of the budget bill.  Political favors given without anyone knowing about it in an implementer bill is known as a rat.  Again in private business this amounts to bribery. 
What is to like about the Connecticut Democrats fourth budget?  Not much.  It is more of the same with the exceptions of cutting some spending.  But there was once again no structural reforms in the way the state does business.  Connecticut still has massive unfunded short and long term debt.  Depending on how one views it it is between $44 billion dollars and $80 billion dollars (figuring in long term benefit and pension obligations).  This economic issue was still not addressed nor will it ever be addressed with the continuing one party rule of the Connecticut Democrat Party.
I do not like this budget.  It is more of the same.  The Economic Armageddon is fast approaching thanks to the Connecticut Democrat Party.

Saturday, May 07, 2016

Fourth Connecticut Democrat Budget-Will There Be A Fifth?

Four budgets now here in Connecticut.  Each budget only slightly different than the other.  Each based upon incredible and overly opportunistic projections of tax revenues that never seem to be met due to the decaying Connecticut economy.  Pet projects and political nepotism never being touched.  High level non-productive, highly paid and massive benefit do nothing positions never cut.  Those most in need due to illness and or disability have their programs slashed.  Mandated transportation for school children bus funding is cut.  Hospitals are taxed and are supposed to provide free care for those who have no insurance even though there is socialized health insurance that is supposedly affordable for all.
Thus four budgets have been created with no input, discussion or debate from the Republicans in Hartford who represent believe it or not a large percentage of the remaining Connecticut taxpayers who still live here.  The supposed spirit of bipartisanship is unknown and declared illegal by the Connecticut Democrat Party at times of budget negotiations.
More of the same for Connecticut taxpayers.  More budget deficits, more long term unfunded liabilities, more and higher taxes, more of Hartford's Omnipotent One Party Rule and their continuing economic nightmare.  Will it ever end for Connecticut taxpayers?
I do not think so.  This budget serves up the same economic lies as the last three.  In 2017 we will be reading about the new deficit much the same as the old deficit and the new taxes that are needed to cover it.  We will be reading about how the highest taxpayers of Connecticut are not paying their fair share even though they are moving out of state quickly due to the massive tax burdens they have.  It is the constant replay of the Connecticut Democrat Party's economic nightmare and debacle.  And it has to stop this November with the voting out of office in mass of these same Democrats who have ruined Connecticut beyond economic repair.  Taxpayers can not afford this economic burden placed on them now that they are truly the economic slaves to the Connecticut Democrat Party.
It is time to take back Connecticut in November. 

Saturday, April 30, 2016

Continue To Spend Taxpayer Money That Does Not Exist-The Connecticut Democrat Party Plan

I am exhausted.  As a taxpayer I am tired at the end of the week working my three jobs. On my weekends I still must work on the classes that I teach grading papers and answering student questions.  I work seven days a week.  I work so I can pay a never ending state burden since taxes are constantly being raised for those who work for a living in Connecticut.
Connecticut has also a never ending budget deficit that increases on a daily basis.  Yesterday on April 29th it is now $256 million dollars and rising.  The current Democrat Party budget proposal is just as economically illiterate as the last one, in one area the Democrats are adding money they think they will receive from future legal settlements.  Maybe in all of our personal budgets we should add money we can dream about receiving, spend it and not worry about it if the money does not come in.  We as citizens of Connecticut can adopt the Connecticut Democrat Party way of budgeting and never worry about the consequences of it.  I am exhausted reading about this economically irrational way of budgeting that I feel is illegal to actually present to the public.  Remember the ignored Balance Budget Amendment?
Thus we are now looking at a Connecticut Democrat Party two year budget deficit for Fiscal 2016-17, 2017-18 of about $5 billion dollars.  Depending on the way you look at Connecticut's long term funded and unfunded liabilities the range is $60 to $80 billion dollars.  It is nothing new.  However there really is nothing new coming out of Hartford and the Connecticut Democrat Party as far as spending and debt prevention is concerned.
It is time to take back Connecticut in 2016.  It can only be done by voting out of office the do-nothing Democrat State Representatives and Senators and start fresh with a Republican majority in both the State House and Senate.  The time has come to end this misuse and waste of hard earned taxpayers monies each year, year in and year out for the past thirty years.  Connecticut due to the Connecticut Democrat Party has bankrupted the state and its taxpayers.  These irrational economic policies that are force fed to Connecticut taxpayers will only end with a balance in state government ending too many years of Omnipotent One Party Rule in Hartford.
I am exhausted.
It is really time to take back Connecticut.

Saturday, April 23, 2016

Connecticut Democrats Fiddle While Connecticut Burns

Another week another budget deficit.
Another week while Connecticut Democrats play the blame game and Connecticut burns.
Burns through more taxpayers monies it does not have.
Throws more people out on the street with real needs while protecting a bloated upper level management salary, benefits and pension system.
The Connecticut Democrats in Hartford remind me of being on an all inclusive cruise ship while it is sinking and they are still sitting at the bar demanding their free drinks.   Even if they sink they still want their freebies, the heck with staying alive.
And another week of finger pointing, layoffs, cuts to cities and towns, rumors of new and higher taxes, on and on and on.  Nothing new, nothing different.
The new economic reality that the Connecticut Democrat Party is facing in the November election will be chilling for them.  A new world awaits them when they campaign and when voters go to the voting booth.  Connecticut in the most simplistic terms is broke and bankrupt.  It has now a never ending monthly budget deficit and a massive amount of long term unfunded debt and liabilities.  It can no longer borrow its way through this mess.  It has come to the end of its road.
The only way Connecticut can reform itself is in November.  It has to vote out of majority the tired and economically illiterate Democrats that have failed to lead the state for years now.  They have lead taxpayers to misery and continue to force them to move out of state for years now.  
The time has come for a change.  Let the Connecticut Democrat sink and go away this November.
Connecticut taxpayers deserve much better.

Saturday, April 16, 2016

Malloy's New Budget-Same As the Old One-Tax Increases Now At the Local Level

More of the same.  That is the way the new Malloy Budget could be viewed as.  If you are a unionized Connecticut state employee you can view the budget as the end of your job and possibly your living in Connecticut any more.  The Democrat Governor made sure a great deal of pain would be felt for those most in need of state governmental services like disabled people and those employees who depend upon the state for employment.  Many Republican led cities and towns had a great deal of their allocated education funding monies completely taken away by Malloy in his new budget with those same cities and towns looking at massive property tax hikes. Thus the new budget still does not address any type of structural changes in the way Connecticut runs its salaries, benefits and pensions.  There was no addressing the multiple levels of non productive management found in our state government along with their bloated salaries, benefits and pensions.
Connecticut State Colleges and Universities President Mark E. Ojakian who earns over $332,000 a year plus benefits and an enormous pension (and apparently has never taught in his life) wants to have unpaid leaves as part of his solution to save money.  I have not heard either him or any of his highly paid coworkers state that they will be cutting their pay and benefits to help save money and avoid yet another tuition increase for state students.  I guess he can not deal with a pay cut in his political position nor can his coworkers. 
More of the same.  Malloy states the same thing over and over.  He has lied again.  Taxpayers now will brace themselves for the new local tax increases compliments of the Connecticut Democrat Party.  Nothing changes in Hartford; it is all about the protection of a ruling elitist political class, spending for those politically connected and damned be the Connecticut Taxpayer who has been enslaved to pay for this economic mess.

Friday, April 08, 2016

Why It Is Time To Take Back Connecticut in 2016

It is time to take back Connecticut.
Enough is enough.
Taxpayers have had enough.
Enough of excessive spending for political patronage jobs.
Enough of the crony capitalism of free money given to politically connected business.
Enough of excessive life time benefits and pensions that can no longer be funded.
Enough of excessive and high taxes.
Enough of the discarding of essential services for those who are truly disabled and needy.
Enough of the overpaid and nonteaching Board of Regents.
Enough of the bloated management structure of state government.
Enough of the chronic budget deficits and unrealistic spending.
Enough of the unrelenting and unlimited long term unfunded liabilities of Connecticut.
Enough of the lies of the Connecticut Democrat Party.
It is time to take back Connecticut.
Enough is enough.
Taxpayers have had enough.
It is really time to vote Connecticut Democrats out of office in November.
They show no leadership nor management abilities.
They show no respect for Connecticut Taxpayers.
It is time to take back Connecticut.