Friday, January 17, 2014

Oops more bad economic news for Hartford's Omnipotent One Party Rule

Oops more bad economic news for Hartford's Omnipotent One Party Rule, courtesy of a George Mason University working paper written by Sarah Arnett.  In an excellent analysis of all 50 states financial solvency Ms. Arnett uses precise formulas to present a real world view of all of the 50 states fiscal conditions.
Here is the link for the paper: http://newjersey.watchdog.org/files/2014/01/Arnett_StateFiscalCondition_v1.pdf

Here is the bad news for Connecticut:
From Table 5. Ranking of States by Cash Solvency (Fiscal Year 2012), Connecticut Ranks 48 out of 50 states in Cash Solvency.
From Table 6. Ranking of States by Budget Solvency (Fiscal Year 2012) Connecticut Ranks 41 out of 50 states in Budget Solvency.
From Table 7. Ranking of States by Long-Run Solvency (Fiscal Year 2012) Connecticut Ranks 48 out of 50 states in Long-Run Solvency.
From Table 8. Ranking of States by Service-Level Solvency (Fiscal Year 2012) Connecticut Ranks 45 out of 50 states in Service-Level Solvency.
From Table 9. Ranking of States by Fiscal Condition (Fiscal Year 2012) Connecticut Ranks 49 out of 50 states in overall Fiscal Condition

Thus these economic rankings should be pretty impressive given one of the highest tax increases in our states history, ranking near last in all of these fiscal categories.  It is truly an impressive economic record for Mr. Malloy and Hartford's Omnipotent One Party Rule to run on-overseeing an economic debacle of the greatest proportions.
Oops more bad economic news for Hartford's Omnipotent One Party Rule-but who cares especially when you are dealing the remaining hard working taxpayers monies in Connecticut.

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