Saturday, January 14, 2017

Connecticut and its Deficit

No the Connecticut state budget deficit has not gone away.  Nor will it likely go away in 2017 or 2018.  Approximately 40% and more of the state budget goes to state employees benefits and salaries and debt interest payments in 2017.  For state that has a population of 3,587,860 it has short and long term debt obligations of $60 to $80 billion dollars.  These are not new figures nor should they be surprising.  State government is a tool of the politically connected.  If you are politically connected you are able to procure a state job that allows you a high salary along with high benefits with a pension that is unsurpassed in the real economic world (of which Connecticut state government is not part of).  Just look at the deals recently made between two Senators and a Representative. Add to the mix a total lack of accountability in the job and you have a taxpayer funded totally ineffective and bloated state government that in reality does little to represent its citizens.
How did Connecticut end up with this deficit?  Years and years of inflated and needless programs, projects and employees have taken a toll on the state.  $4 billion dollars of tax increases has not even put a dent into the never ending deficit.  The Utopian State Income Tax, a tool of tyranny, did little to solve any deficit problems.
And the solutions presented by state departments to address cuts in their budgets naturally tries to impact as much pain on those who need their services the most.  Taxpayers must accept these supposed solutions while the same state workers who offer them in some cases do not contribute a penny to their pensions and will never take a pay cut or a cut in their benefits.  Those in need remain in need while our state government laughs at them.  Just like serfs in a serfdom.  Politics as usual.
What is the solution?  Real reform.  Cuts in salaries, pensions and benefits.  It is a simple process.  In private industry it is a real solution.  In Connecticut state government it is a fantasy.
Connecticut Taxpayers need to say no to our current government.  Republicans need to become more vocal and offer solutions by leading by example.  Not by cutting deals that still protect their political elite.  And Dan Malloy should resign as he has done little other than run Connecticut into the ground with his non conservative failed economic policies of higher taxes to infinity.
No the Connecticut state budget deficit has not gone away.  Nor will it likely go away in 2017 or 2018.  The legislature if it is truly a governing body needs to resolve it today.  Their excuses have grown stale.

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