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 Nor could taxpayers care less any more either about their elected officials who no longer represent them.