Saturday, October 13, 2018

Connecticut's $53,400 Per Taxpayer Debt:Another Democrat Sinkhole State

Connecticut according to a recently released report by truthinaccoutning.org ranked Connecticut 49th out of 50 states in fiscal health due to its massive debt.  If you live in Connecticut you owe the state $53,400.  $53,400 is owed by each taxpayer because the state in its efforts to hide the real economic truth has over $80 billion dollars in unfunded pension liabilities, short and long term debts and bonding.  The state is basically broke as its costs exceed its revenues even with the largest two tax increases in the country during the current Malloy regime. 
$53,400 is a great deal of money that is owed by each taxpayer in our state.  Thus we can logically assume that if the Connecticut Democrat Party sweeps this coming election in November, a bill will be introduced by several of the more extreme, socialist Democrat members of the state legislature to add a surtax to the remaining middle class taxpayers to pay off this debt of $80 billion dollars.  They will do this under the guise of fair taxation robbing those who work for a living to give to their politically connected elite who have run our government into the ground.
I have made a point over the years to expose this debt and keep it at the forefront of our state's economic ills but to little avail as the state legislature in their quest to hide the truth from Connecticut's taxpayers keeps sliding items off budget and into the black hole of unknown accounting procedures.  The real debt of Connecticut is sickening to think about especially now that it is fast approaching $100 billion dollars with many items being swept off budget.  It is alarming to have this high debt especially when seeing how small our state is and how little population we have left.  These remaining taxpayers have to support the politically chosen who have exploited our government through massive state salaries, benefits and pensions along with businesses who receive legal kickbacks of no cost forgiven loans and tax breaks to stay in the state with little or no oversight by the state agencies who are supposed to oversee these programs.  It is political corruption at its worse.
Connecticut Taxpayers during this election somehow have to understand the Connecticut Democrat Party playbook that they can do no wrong with yet even new and higher taxes and tolls while the Connecticut Republican Party can do no right with cutting state spending and cutting taxes.  The state's biased media embraces the Connecticut Democrat Party while it crucifies the Connecticut Republican Party.  It is the same old story.
I believe that Connecticut Taxpayers are fed up with the extremes and corruption of the Connecticut Democrat Party.  They are seeking a change in the damning swamp called Hartford and its bloated, inefficient, and corrupted state government.  They no longer want their tax monies to support this type of failed government. 
The change can only be seen in voting a straight Republican line for our United States Senator and House Representatives along with Republican majorities in the state house and senate working with a Republican Governor, Attorney General, Treasurer, Secretary of State and Comptroller.  Maybe a change in our state government will allow Connecticut to stop being a sinkhole state and start to prosper once again.  It is time to take back Connecticut in 2018.

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