Swick Speak

A blog devoted to political and economic topics in today's society.

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Location: Wallingford, Connecticut, United States

I have been an educator for 33 years teaching over twenty courses in business and economics on a part time basis for several different colleges and universities here in Connecticut. I have a Bachelors of Science in Journalism and a Masters of Science in Economics. I also enjoy writing about and collecting football memorabilia. I am a member of the Professional Football Researchers Association and a shareholder of the Green Bay Packers. I also publish Gridiron Greats Magazine.

Saturday, May 16, 2015

Connecticut's New Economic Language

Dannel Malloy and Hartford's Omnipotent One Party Rule have created their own language in Connecticut.  It may be difficult for the remaining taxpayers in the state to understand these new definitions to words thus I wish to clarify them for my readers.
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.

Saturday, May 09, 2015

Connecticut's Massive Spending Problem Over And Over Again

Connecticut's massive spending problem rolls on.  And on and on.  And the solution once again is to raise taxes.  To raise taxes on basically all goods and services that still exist in Connecticut.  To remind my readers here are the taxes that the Democrat Party wish to increase:

Establish New Marginal Rate of 6.99% to increase revenue by $102.4 million in FY 2016 and $94.7 million in FY 2017
– Establish 2% Supplemental Tax on Capital Gains to increase revenue by $167.6 million in FY 2016 and $178 million in FY 2017
– Establish Mandatory Combined Reporting on Corporations to increase revenue by $38.6 million in FY 2016 and $23.7 million in FY 2017
– Repeal Exemptions for Computer and Data Processing and World Wide Web to increase revenue by $162.8 million in FY 2016 and $207 million in FY 2017
– Impose sales and use tax on office of public accountants to increase revenue by $44.1 million in FY 2016 and $56 million in FY 2017
– Impose sales and use tax on other accounting services to increase revenue by $10.5 million in FY 2016 and $13.4 million in FY 2017
– Impose sales and use tax on architectural services to increase revenue by $16 million in FY 2016 and $20.4 million in FY 2017
– Impose sales and use tax on engineering services to increase revenue by $121.2 million in FY 2016 and $154.1 million in FY 2017
– Impose sales and use tax on drafting services to increase revenue by $500,000 in FY 2016 and $600,000 in FY 2017
– Impose sales and use tax on building inspection services to increase revenue by $1.3 million in FY 2016 and $1.6 million in FY 2017
– Impose sales and use tax on geographical surveying and mapping services to increase revenue by $1.8 million in FY 2016 and $2.3 million in FY 2017
– Impose sales and use tax on surveying and mapping services to increase revenue by $3.3 million in FY 2016 and $4.3 million in FY 2017
– Impose sales and use tax on interior design services to increase revenue by $4.5 million in FY 2016 and $5.7 million in FY 2017
– Impose sales and use tax on industrial design services to increase revenue by $1 million in FY 2016 and $1.3 million in FY 2017
– Impose sales and use tax on other specialized design services to increase revenue by $800,000 in FY 2016 and $1 million in FY 2017
– Impose sales and use tax on admin. management of gen. management consulting for $30.4 million in FY 2016 and $38.6 million in FY 2017
– Impose sales and use tax on human resources consulting services to increase revenue by $4.6 million in FY 2016 and $5.9 million in FY 2017
– Impose sales and use tax on marketing consulting services to increase revenue by $9.1 million in FY 2016 and $11.6 million in FY 2017
– Impose sales and use tax on process, physical dist., and logistics consulting to increase revenue by $4.3 million in FY 2016 and $5.4 million in FY 2017
– Impose sales and use tax on other management consulting services to increase revenue by $1 million in FY 2016 and $1.3 million in FY 2017
– Impose sales and use tax on other scientific and technical consulting services to increase revenue by $6.3 million in FY 2016 and $8 million in FY 2017
– Impose sales and use tax on direct mail advertising to increase revenue by $6.6 million in FY 2016 and $8.4 million in FY 2017
– Impose sales and use tax on advertising material distribution services to increase revenue by $2.2 million in FY 2016 and $2.8 million in FY 2017
– Impose sales and use tax on marketing research and public opinion polling to increase revenue by $9.5 million in FY 2016 and $12 million in FY 2017
– Impose sales and use tax on translation and interpretation services to increase revenue by $2.2 million in FY 2016 and $2.8 million in FY 2017
– Impose sales and use tax on veterinary services to increase revenue by $17.1 million in FY 2016 and $21.8 million in FY 2017
– Impose sales and use tax on all other professional, scientific and technical services to increase revenue by $3 million in FY 2016 and $3.9 million in FY 2017
– Impose sales and use tax on other gambling industries to increase revenue by $5.1 million in FY 2016 and $6.5 million in FY 2017
– Impose sales and use tax on golf courses and country clubs to increase revenue by $11.9 million in FY 2016 and $15.1 million in FY 2017
– Impose sales and use tax on dry-cleaning and laundry services (except coin-operated) to increase revenue by $4.4 million in FY 2016 and $5.5 million in FY 2017
These tax increases are apparently justified due to a 12% plus pay increase that the Governor rammed through in December for his inner circle, a lifetime pension for State Judges after serving for three years, state pensions that are in some cases 90% of base plus overtime salaries for life,
corporate welfare for the state's largest corporations in return for Democrat campaign donations, just to name a few.  I guess these examples are all essential state spending to keep Hartford's ruling elite satisfied and in power forever.  
Looking back at the lies of the last Governor's campaign and in particular Dannel Malloy lies about no budget deficits, we as taxpayers should start viewing our state government as a constant lie- a lie that state officials created. Now State Democrats ultimately believe that their lies are actually truth.  We have a massive Democratic Party spending problem in Hartford.  It is not a lie but reality.  Taxes no longer will solve Dannel Malloy's and Hartford's Omnipotent One Party Rule spending problems.  Our state has lost yet once again.

Tuesday, May 05, 2015

Yes Higher and Even More Taxes Brought To You By Connecticut's Democrats.


Thank You Connecticut Democrats For These New Taxes!
Establish New Marginal Rate of 6.99% to increase revenue by $102.4 million in FY 2016 and $94.7 million in FY 2017
– Establish 2% Supplemental Tax on Capital Gains to increase revenue by $167.6 million in FY 2016 and $178 million in FY 2017
– Establish Mandatory Combined Reporting on Corporations to increase revenue by $38.6 million in FY 2016 and $23.7 million in FY 2017
– Repeal Exemptions for Computer and Data Processing and World Wide Web to increase revenue by $162.8 million in FY 2016 and $207 million in FY 2017
– Impose sales and use tax on office of public accountants to increase revenue by $44.1 million in FY 2016 and $56 million in FY 2017
– Impose sales and use tax on other accounting services to increase revenue by $10.5 million in FY 2016 and $13.4 million in FY 2017
– Impose sales and use tax on architectural services to increase revenue by $16 million in FY 2016 and $20.4 million in FY 2017
– Impose sales and use tax on engineering services to increase revenue by $121.2 million in FY 2016 and $154.1 million in FY 2017
– Impose sales and use tax on drafting services to increase revenue by $500,000 in FY 2016 and $600,000 in FY 2017
– Impose sales and use tax on building inspection services to increase revenue by $1.3 million in FY 2016 and $1.6 million in FY 2017
– Impose sales and use tax on geographical surveying and mapping services to increase revenue by $1.8 million in FY 2016 and $2.3 million in FY 2017
– Impose sales and use tax on surveying and mapping services to increase revenue by $3.3 million in FY 2016 and $4.3 million in FY 2017
– Impose sales and use tax on interior design services to increase revenue by $4.5 million in FY 2016 and $5.7 million in FY 2017
– Impose sales and use tax on industrial design services to increase revenue by $1 million in FY 2016 and $1.3 million in FY 2017
– Impose sales and use tax on other specialized design services to increase revenue by $800,000 in FY 2016 and $1 million in FY 2017
– Impose sales and use tax on admin. management of gen. management consulting for $30.4 million in FY 2016 and $38.6 million in FY 2017
– Impose sales and use tax on human resources consulting services to increase revenue by $4.6 million in FY 2016 and $5.9 million in FY 2017
– Impose sales and use tax on marketing consulting services to increase revenue by $9.1 million in FY 2016 and $11.6 million in FY 2017
– Impose sales and use tax on process, physical dist., and logistics consulting to increase revenue by $4.3 million in FY 2016 and $5.4 million in FY 2017
– Impose sales and use tax on other management consulting services to increase revenue by $1 million in FY 2016 and $1.3 million in FY 2017
– Impose sales and use tax on other scientific and technical consulting services to increase revenue by $6.3 million in FY 2016 and $8 million in FY 2017
– Impose sales and use tax on direct mail advertising to increase revenue by $6.6 million in FY 2016 and $8.4 million in FY 2017
– Impose sales and use tax on advertising material distribution services to increase revenue by $2.2 million in FY 2016 and $2.8 million in FY 2017
– Impose sales and use tax on marketing research and public opinion polling to increase revenue by $9.5 million in FY 2016 and $12 million in FY 2017
– Impose sales and use tax on translation and interpretation services to increase revenue by $2.2 million in FY 2016 and $2.8 million in FY 2017
– Impose sales and use tax on veterinary services to increase revenue by $17.1 million in FY 2016 and $21.8 million in FY 2017
– Impose sales and use tax on all other professional, scientific and technical services to increase revenue by $3 million in FY 2016 and $3.9 million in FY 2017
– Impose sales and use tax on other gambling industries to increase revenue by $5.1 million in FY 2016 and $6.5 million in FY 2017
– Impose sales and use tax on golf courses and country clubs to increase revenue by $11.9 million in FY 2016 and $15.1 million in FY 2017
– Impose sales and use tax on dry-cleaning and laundry services (except coin-operated) to increase revenue by $4.4 million in FY 2016 and $5.5 million in FY 2017
Just when you thought it could not get any worse-it has.
Thank you Dannel Malloy and Hartford's Omnipotent One Party Rule.

Saturday, May 02, 2015

Connecticut's Economic Exit Continues.

Connecticut's economic exit continues.  The signal has been the recent hilarious supposed budget negotiations (obviously all one sided) that presents to taxpayers a mere $1.8 billion dollars in new taxes and tax increases along with a further expansion of long term unfunded debt by a minimum of $1.5 billion dollars that will result with still a $165 million dollar budget deficit for the new budget itself.  You may remember the $2 billion dollars in tax increases that Dannel Malloy and Hartford's Omnipotent One Party Rule shoved down taxpayers throats a few years back.  Those tax increases we were told were going to right the economic path of our state.  We were also told in the last campaign by a defiant Dannel Malloy that there were no budget deficits and the state was doing well economically. 
What a lie.  What a horrible economic lie this administration and legislature has been for the past 5 years.  It is disgusting.
And what is in store two years from now steal $2 billion in spending off a mandated state constitution spending cap with $2 billion dollars more in new taxes and higher taxes?  Can we safely state that Dannel Malloy and Hartford's Omnipotent One Party Rule have a spending problem?  12% percent pay increases for political appointments?  Lifetime full pensions for judges who serve for only three years?  $1.7 billions dollars in state pensions yearly and growing on a daily basis?  $80 billion dollars plus in long term unfunded liabilities?
Connecticut ranks last in many economic categories as we approach our 25th year in economic decline.  With this tax increase it will further cement its last place finish in many economic categories.  It has become a state of economic decline and misery.
Too bad for taxpayers since Dannel Malloy and Hartford's Omnipotent One Party Rule could care less about Connecticut any more.  Nor could taxpayers care less any more either about their elected officials who no longer represent them.

Tuesday, April 28, 2015

Keep The Debt Flowing, Taxpayers That Is The Name Of Hartford's Omnipotent One Party Rule's Game!

Keep the debt flowing, keep the debt flowing, taxpayers that is the name of Hartford's Omnipotent One Party Rule's Game!
And it is a game all right!
Played with taxpayer's monies and jobs!
The State Constitution is a worthless piece of paper meant to be viewed anyway Hartford's Omnipotent One Party Rule wishes to. 
Now for taxpayers there really is no State Constitution Spending Cap nor ever has been one. 
Now for taxpayers more mandated budget items will magically disappear into the black hole of even more long lasting long term unfunded debt.  Last count if anyone cares $80 billion dollars and growing.
Now for taxpayers Hartford's Omnipotent One Party Rule new budget makes another $4 billion dollars of spending go away magically off budget.  Thus they are under the State Constitution Spending Cap that they do not believe in nor feels that it actually exists.  What a farce of state government!  And spending still is increasing in this new state budget.  
Hartford's Omnipotent One Party Rule has blatant disregard for a spending cap that was voted for by voters in 1992 as a legal Constitutional Amendment-the vote is null and void in 2015.  How can this vote be rescinded like that?
Maybe Connecticut's taxpayers should start moving paying their state taxes off budget, not pay them at all and emulate their supposed elected officials.  Isn't that fair?  Why would it not be?
Keep the debt flowing, keep the debt flowing, taxpayers that is the name of Hartford's Omnipotent One Party Rule's Game!
And it is a game all right!
Played with taxpayer's monies and jobs!
Wow what an unconstitutional power grab-done with taxpayers monies.





Saturday, April 25, 2015

Silence Is Golden Especially If You Are Bankrupt

Silence is golden.  It is peaceful.  Especially if you are bankrupt.  Our state government in my economic opinion is economically and morally bankrupt.  Long term debt keep rising and it seems to most taxpayers that the bulk of Connecticut's budget goes to salaries, benefits and pensions.   Roads are in disrepair, bridges crumbling, judges receive full pensions after three years of work, corporate welfare is rampant, the list seems endless as to Connecticut's economic demise.  And Dannel Malloy and Hartford's Omnipotent One Party Rule seem completely oblivious to the economic ruin and demise they have created in Connecticut during their reign.
We are bankrupt in our state.  We continue to push off the real economic issues of excessive state spending that is non productive and basically is spent nurturing a ruling elite that enjoys at taxpayers expense high wages, great benefits and fully funded pensions that no longer exist in private industry.
We are bankrupt in our state.  Taxpayers continue to move out and businesses have no reason to move to Connecticut.  We are last in many economic categories. It is pathetic to see this happening.
The state Republicans have put forth a budget that actually examines the issues of state spending and more importantly looks at salaries, benefits and pensions for state employees.  But to me it is only a starting point to reconnect economic reality to our bloated state government.
Silence is golden-the Republicans have made the first move.  Too bad Dannel Malloy and Hartford's Omnipotent One Party Rule can not govern nor put forth a real state budget.  The economic crisis here is real and taxpayers have had enough.
Dannel Malloy and Hartford's Omnipotent One Party Rule silence is deafening to taxpayers-those who remain.

Saturday, April 18, 2015

What Can $2 Billion Dollars Buy? Or For That Matter $2.5 Billion Dollars?

What can $2 billion dollars buy?  Or for that matter $2.5 billion dollars buy?
The coronation of Hillary Clinton for President has begun and reports are that she will raise $2.5 billion dollars for her campaign.  And one could ponder what $2.5 billion dollars could buy in our economy?
Could that money help college students struggling to find work and pay off their college loans?
Could that money help students pay for their expensive textbooks?
Could that money help people who can't afford their medical bills?
Could that money help people who need affordable rents and or housing?
Could that money be used to help educate citizens who need functional jobs skills in order to gain employment, be productive and leave governmental welfare programs?
Could that money be used to  repair our failing public road system?
Can you just imagine what could be done with $2.5 billion dollars in our society?  Or $5 billion dollars?  Or even $10 billion dollars?  I really wonder what the 2016 Clinton Presidential campaign will cost our economy?
The voters obviously will not benefit from this spending.  Highly paid campaign professionals and managers, consultants, the biased media and some printers will benefit from these monies.
And most importantly the Clinton machine will use $2.5 billion dollars to somehow convince voters that somewhere and somehow, Mrs. Clinton is qualified to be President. 
We are led to believe that the Clintons are average hard working people who are non egotistical and just like you and I.
We are led to believe that the Clintons worked very hard through the gifts they received to their foundation and the speeches they made that they are entitled to their simplistic and minimalist life style they apparently have.
It will be a long and brutal campaign.  And just think of what that money that is going to be spent could do for our society instead of where and who it will be going to.