Saturday, November 17, 2018

Connecticut's State Government Constant Problem

Connecticut's state government has a constant problem.
It never has enough money to spend.  It always runs deficits.
It has close to $100 billion dollars in short and long term debt along with unfunded liabilities.
Since the state income tax was passed in 1991 state spending has increased in excess of 300 percent with no end in sight.
State taxes had tripled in some cases since 1991.
Connecticut ranks near last or last in ,many economic and business categories since that time.
Connecticut really still has yet to recover from the last recession.
And there is no end in sight as to any plans to address spending and or the massive debt the state has.
The state has lost a great deal of population since 1991 and also a great deal of legal taxpayers in that time also.
It is one of the few states that has a net migration of population out of the state.
Jobs are difficult to come by in the state since there are high taxes and a poor transportation infrastructure.  The poor transportation infrastructure will get even more costly as tolls in 82 different locations will implemented by the omnipotent Connecticut Democrat Party who controls all parts of our state government.
Taxes are likely to be raised once again since the next four years will bring more political patronage spending and more debt.
Thus, Connecticut's state government has a constant problem.
It never has enough money to spend.  It always runs deficits.
And once again there are no solutions offered by the party that is always in power and has failed for many years now to resolve the economic issues we face.
May Connecticut Rest in Peace. 

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