Saturday, July 22, 2017

July 22, 2017 and No Connecticut Budget

It is now July 22, 2017 and there is no new Connecticut budget.   There is a state union concessions package that allows for ten more years of high salaries, benefits and pensions until 2027.  The unions agreed upon wage freezes for three years followed by two years of 3.5 percent raises plus step increases.  They will also have to contribute 2 percent more toward their pensions, there are no changes to their pension benefits that can increase on a constant basis with cost of living adjustments.  Basically all jobs and benefits are guaranteed for these unions no matter how bad Connecticut's economy becomes as there are no layoffs.  The "savings" is just freezing wages for two years only to increase them in year three by the same amount they were going to get anyways this year. 
Union leaders sent a letter out stating that this agreement was "the best and longest" in the country.  Thus they should ratify it.  Thus so much for any sacrifice on the part of the state unions.  They also want higher taxes on the "wealthy" especially "hedge funds".  This being implemented as law in the past has resulted in those same "wealthy" moving out of state and thus will not pay any more taxes in Connecticut.  That means much lower tax revenues to help support the excesses of our state government.
What does this all mean?  In my economic opinion more of the same.  Connecticut still has a spending problem even with this supposed union concessions package that does little to address excessively high wages, benefits and pensions.  We still over spend in both management and union salaries, benefits and pensions.  We have a Speaker of the House who is employed by a state union and whose only concern seems to be protecting the state unions and Connecticut Taxpayers be damned.   We have no vote on the Republican budget that would have addressed the serious economic issues we have in Connecticut.
The Connecticut Democrat Party again does not understand the magnitude of the economic crisis that the state faces.  Its only concern is to nurture and protect its unions and political ruling class.  It has failed miserably in this legislative session.  The Connecticut Democrat Party is the cancer that has entrapped its hard working legal citizens into an economic morass of no escape.
Will this economic nightmare ever end for Connecticut Taxpayers?  And when will the Connecticut Democrat Party be held liable for the economic damage and turmoil it has done for this state?
Still no budget.  Why bother anyways?

Saturday, July 15, 2017

July 15, 2017 and No Connecticut Budget

It is now July 15, 2017 and there is no new Connecticut budget.  Nor does it look like there will be one until possibly at the end of the month.  Nor does it seem that our elected officials really care if there is a budget until that time.  The new norm for governing in Connecticut is to do nothing.  Who really cares if the state has $80 to $100 billion dollars of short and long term debt and unfunded liabilities.  Who really cares if the bulk of the state budget now goes for payment of salaries, benefits and pensions for state management and union workers?  I estimate now 25% of the state budget goes for these payments.  Another 10% to 15% goes to debt payments.  And there is still massive debt in the horizon.
We as Connecticut Taxpayers understand we are entrapped by our state government in order to provide for the riches that are heaped upon those who have political connections.  For example why do state retirees get lifetime medical benefits?  Do you receive this in private industry?  Now don't get me wrong I know the Connecticut Democrat Party does not think they have done anything wrong with all of the years of their fiscal mismanagement and political nepotism.  It has been and looks like it will continue to be pay to play the political game even though Connecticut is bankrupt from the years of fiscally irresponsible spending and excessive salaries, benefits and pensions.  In following what our Governor and state legislators have been doing (or not doing) in this session, I wonder why they are even being paid for this debacle?  If this happened in private industry individuals would be fired not political rewarded with high paying positions like Former State Representative Stephen Dargan, D-West Haven with his $92,500 new job in the State Board of Pardons, former State Senator Rob Kane, R-Waterford with his new job as a Republican state auditor for $150,000 a year and former State Senator Eric Coleman, D-Bloomfield becoming a Judge for a mere $168,000 a year.  All funded by you and I Connecticut taxpayers.
Harsh economic decisions are made daily for economic survival by Taxpayers and Businesses that remain here in Connecticut.  Those same harsh economic decisions are avoided by the political elite who have run Connecticut into the ground. And all we hear out of Hartford is garbage and rhetoric.
Next Saturday will be July 22 and there will be no new Connecticut budget. And nobody really cares about it in Hartford any more anyways especially our elected officials.

Saturday, July 08, 2017

July 8, 2017 and No Connecticut Budget

It is now July 8, 2017 and there is no new Connecticut budget.  Nor does it look like there will be one either even after July 18 the day after the state unions voted on their supposed concession package.  For we do not know whether or not the "concessions package" will be agreed upon by the Connecticut state labor unions.  We know the State Police union refuses to vote upon changes in their wage agreement in the form of a three year wage freeze they have stated they will only vote on benefit concessions.
The budget proposal that the Connecticut Democrat Party is force-feeding on Connecticut Taxpayers includes a 6.99% sales tax.  You wonder why it is not 7%?  Democrat Speaker of the House Joe Aresimowicz will not agree to 7% because then Connecticut would just as high as some other states, 6.99% qualifying as being lower than 7%. Connecticut then would rank below states like New Jersey and Rhode Island that charge 7%.  However, Democrat Speaker of the House Joe Aresimowicz wants to allow cities and towns to charge a 1 percent sales tax on food and drinks at bars, restaurants and other outlets for local revenue.  Thus the sales tax would be 7.99% with this added 1% local tax and be higher than New Jersey and Rhode Island.
My question is reviewing all of the concessions and yet even higher taxes is how is this closing the state budget deficit because the combined supposed savings and increases in tax revenue does not match the budget deficit?  And why wasn't spending cut?  And why wasn't there any discussion in cutting the excessively high salaries, benefits and pensions for state management workers?   
And why can't the balanced budget that was presented by the Republicans that did not enact any new taxes be brought up for a vote in either the House or Senate?
Thus another Connecticut Democrat Party budget that offers higher spending and higher taxes.   Nothing new here.  Democrat Speaker of the House Joe Aresimowicz in his position as a state union employee places the self-interests of the union over the financial needs of the state.  Nothing new here either.  There was no bipartisanship in this budget.  What the Connecticut Democrat Party dictates to Connecticut Taxpayers is what we get.   
Next Saturday will be July 15 and there will be no new Connecticut budget. Nobody really cares about it in Hartford any more anyways. 

Tuesday, July 04, 2017

241 Years of Freedom July 4, 1776 - July 4, 2017

The unanimous Declaration of the thirteen united States of America

When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected, whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.

He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.

He has obstructed the Administration of Justice by refusing his Assent to Laws for establishing Judiciary Powers.

He has made Judges dependent on his Will alone for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.

He has affected to render the Military independent of and superior to the Civil Power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:

For quartering large bodies of armed troops among us:

For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with all parts of the world:

For imposing Taxes on us without our Consent:

For depriving us in many cases, of the benefit of Trial by Jury:

For transporting us beyond Seas to be tried for pretended offences:

For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies

For taking away our Charters, abolishing our most valuable Laws and altering fundamentally the Forms of our Governments:

For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

He has abdicated Government here, by declaring us out of his Protection and waging War against us.

He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.

He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated  Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these united Colonies are, and of Right ought to be Free and Independent States, that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. — And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor.

— John Hancock

New Hampshire:
Josiah Bartlett, William Whipple, Matthew Thornton

John Hancock, Samuel Adams, John Adams, Robert Treat Paine, Elbridge Gerry

Rhode Island:
Stephen Hopkins, William Ellery

Roger Sherman, Samuel Huntington, William Williams, Oliver Wolcott

New York:
William Floyd, Philip Livingston, Francis Lewis, Lewis Morris

New Jersey:
Richard Stockton, John Witherspoon, Francis Hopkinson, John Hart, Abraham Clark

Robert Morris, Benjamin Rush, Benjamin Franklin, John Morton, George Clymer, James Smith, George Taylor, James Wilson, George Ross

Caesar Rodney, George Read, Thomas McKean

Samuel Chase, William Paca, Thomas Stone, Charles Carroll of Carrollton

George Wythe, Richard Henry Lee, Thomas Jefferson, Benjamin Harrison, Thomas Nelson, Jr., Francis Lightfoot Lee, Carter Braxton

North Carolina:
William Hooper, Joseph Hewes, John Penn

South Carolina:
Edward Rutledge, Thomas Heyward, Jr., Thomas Lynch, Jr., Arthur Middleton

Button Gwinnett, Lyman Hall, George Walton

Saturday, July 01, 2017

July 1, 2017 and No Connecticut Budget

July 1, 2017 and there is no new Connecticut budget.  Nor does it look like there will be one voted upon until July 18 the day after the state unions voted on their supposed concession package.
There was a balanced budget that was presented by the Republicans that did not enact any new taxes and could not be brought up for a vote in either the House or Senate.  I wonder why?  Since it is apparent that the Connecticut Democrat Party runs the Legislature as a dictatorship taxpayers have to wonder why is our Legislature this dysfunctional to the point that an economically rational budget proposal could not allowed to be voted upon? Democrat Speaker of the House Joe Aresimowicz now has the audacity to wait until July 18 to vote on a budget since the state unions are supposedly voting on a concession package on July 17.  And my question to Democrat Speaker of the House Joe Aresimowicz is what happens if the state unions of which he is a member of do not agree to any concessions?  And the Democrat Speaker of the House Joe Aresimowicz's budget proposal includes higher taxes.
Connecticut Taxpayers recognize clearly that those management and union workers who are employed by the state rule our state government with an iron hand. These small minority of state employees in proportion to the roughly 3,591,000 people who still live in Connecticut have wreaked economic havoc through their spoils system of excessively high salaries, benefits and pensions.  And this issue of excessively high salaries, benefits and pensions for both state management and union workers has still not been addressed in this legislative session.Thus the 2017 Connecticut legislative session ended as it started with a high budget deficit and no reforms to the high salaries, benefits and pensions paid out for both state management and union workers.  More of the same stale rhetoric spewed by the Connecticut Democrat Party.
I have to hand it to the Democrat Speaker of the House Joe Aresimowicz in that in his position as a state union employee he places the self-interests of the union over the financial needs of the state.   Plus there is no conflict of interest for him either being a member of a state union along with being the Speaker of the House.  Are Connecticut Taxpayers really that stupid to believe that there is no conflict of interest in this arrangement?  Are Connecticut taxpayers that stupid to believe also the State Ethics Commission overlooks this arrangement and sees no conflict of interest?
Connecticut Taxpayers are overtaxed.  And with a new high tax budget to be voted upon in the near future with no reforms they got more of the same.  More spending, more taxes and more spoils system for state workers.
It just never ends here in Connecticut.  Connecticut should change its nickname from the "Constitution State"  to the "Debt Ridden Dictatorship State".  All thanks to the Connecticut Democrat Party who does not care in any way, shape or form of how far Connecticut has fallen economically over the past 26 years.