Connecticut according a recent Connecticut Department of Labor report has now lost over 15,300 jobs since June with its unemployment rate going up to 4.6% which is one of the highest rates in the country. The state has recovered about 70% of the jobs lost during the recession, while Massachusetts has recovered more than 320%. All of the other New England states have fully recovered at either a 100% or better rate of recovered jobs except for Connecticut.
An economic consequence of Connecticut's excessively high state and local taxes along with a poor infrastructure, high workers compensation costs, uncontrolled unfunded liabilities and exorbitant short and long state debt is that businesses have moved out of the state thus moving jobs out of state. Many Connecticut Taxpayers have also moved out of state since jobs are difficult to find here and or they lost their job due their employer moving. One can look at the amount of jobs lost with Aetna, General Electric and Bristol-Myers Squibb for example either moving or closing operations in the state. Those remaining businesses must adapt to a much higher cost of doing business and will cut jobs to stay afloat. A contributing factor to this economic debacle is that our state government has become a dysfunctional mess since it seems that their only concern has developed into protecting state union and management jobs and their limitless high salaries, benefits and pensions. Private industry again to survive must cut their jobs, salaries, benefits and pensions while state government is not bothered by it but will increase its political patronage jobs at all costs. Connecticut's state government is layer upon layer of bureaucracy with one department or agency having different guidelines/laws and rules than the other governing the same issue or topic. Connecticut's state government moves at its own pace with no respect to a reasonable time frame to accomplish anything nor any repercussions if a project or crisis is not finished or addressed in a timely manner. Just look at our failed road system while we have a busway to nowhere with no riders or DCF. Connecticut's inflated state union and management jobs and their high salaries, benefits and pensions continue to be the reason for Connecticut's economic debt and jobs crisis. Our state government response this past year to the budget crisis was to further enhance Connecticut's state unions with a sweetheart deal that extends their recrementitious spoils for yet another ten years at the taxpayers expense.
There are few jobs in Connecticut at this time that pay a high enough salary to maintain living here and paying for Connecticut's high cost of living. Connecticut has a continuing jobs crisis. Connecticut is leaderless because its state union and management employees tell Connecticut taxpayers what they can and can not do. Connecticut state union and management employees are in charge of our state.
The election of 2018 will be here shortly. Candidates need to express quickly what their plan is resolve the multiple issues that Connecticut has that include a lack of jobs except for state union and management jobs, excessively high state and local taxes along with a poor infrastructure,
high workers compensation costs, uncontrolled unfunded liabilities and
exorbitant short and long state debt. To me they seem only to be concerned with getting Connecticut Taxpayers monies for their matching public financing campaign funds which has done nothing to rectify our spoils system of state elections or make them more fair.
We need some plan to make Connecticut economically viable again. We need cuts in state union and management jobs and their high salaries, benefits and pensions. We need real state employee pension reform. We need real economic reform or Connecticut will be permanently ranked 50 out of 50 states in all business and economic activities in our country. Doesn't anyone get that? I doubt it.