The Malloy Deficit-Or When A Deficit Is Not A Deficit
But back to my original economic thoughts, When is a deficit not a deficit? In Malloy and Hartford's Omnipotent One Party minds it is perfectly acceptable to state during the campaign that there was no budget deficit.
For example on June 4, 2014 Malloy stated, "We don’t face a deficit. I’ve decided to boil this down a little bit for you. The deficit projections on the same services budget would require that we increase spending by 7.78 percent. You don’t believe we’d do that, nobody believes we’d do that,” he said. Nobody, no party, no politician is going to advocate that we increase spending by 7.78 percent. It’s a ridiculous number.” http://www.ctnewsjunkie.com/archives/entry/malloy_dismisses_deficit_projections_wont_ask_for_more_concessions/
Confusion. When is a deficit not a deficit? On September 3, 2014
On the campaign trail, Malloy claims that there is “no deficit” in the future; these projections come from the same independent Office of Fiscal Analyses, the entity he quotes in his regular campaign stump speech. http://blog.ctnews.com/kantrowitz/2014/09/03/foley-and-malloy-are-just-plain-wrong-on-taxes/
Confusion. When is a deficit not a deficit? When it is $100 million this fiscal year and explodes to $1 billion dollars next fiscal year. And all of the lies, all of the higher taxes that Malloy and Hartford's Omnipotent One Party will create over the next year will not be enough to make Connecticut debt free again. $80 billion dollars in long term debt in 2014, by 2018 that should double at least $160 billion based on current and future spending and borrowing.
Malloy and Hartford's Omnipotent One Party-back in power, back to the lies, back to last in all economic categories in our country. Maybe the 40% who did not vote should have. Or maybe we should just move out of Connecticut.