Happy Tax Freedom Day Connecticut Taxpayers Sunday May 21, 2017

Tax Freedom Day for Connecticut Taxpayers is May 21, 2017.  This is the day that Connecticut Taxpayers stop working to pay all of their local, state and federal tax burdens.  The date that we stop paying our taxes is dead last in the country as Connecticut Taxpayers have the highest tax burden in the country.  With the high taxes Connecticut Taxpayers pay now they will also be dealing with even more and higher taxes in 2017 as the state has a $5 billion dollar budget deficit along with an estimated $68 to $100 billion dollars of unfunded liabilities and short and long term bond obligations.  I am not able to obtain a "real" number for our unfunded liabilities and short and long term bonds obligations since it seems to be a secret in Hartford.  Therefore I estimate this number as best as I can. 
Economic reality is harsh for Connecticut Taxpayers since they are despised by the Connecticut Democrat Party for questioning the excesses of state employee salaries, pensions and benefits for both union and management workers.  These costs are out of control and part of our debt issues. The elitism political game that the Connecticut Democrat Party plays along with along with the total disregard for allowing the minority the Republican Party to be part of the legislative process has nurtured the economic demise of our state.
Thus in a state desperate for real economic solutions to its massive debt, lack of jobs and net migration of people out of Connecticut, the Connecticut Democrat Party turns to the norm new and higher taxes to solve this yearly crisis.
Look for a much longer Tax Freedom Day for Connecticut Taxpayers in 2018.
Look for much higher and new taxes in 2018.
Look for more people moving out of Connecticut in 2018.
Look for more Connecticut Democrat Party political appointments to high salary, pension and benefits jobs in 2018.
Look for more state credit downgrades in 2018.
Look for much more state borrowing in 2018.
Look for much higher property taxes in 2018.
And finally look for?  What I no longer know.  Connecticut has become a ruined state economically compliments of our state government led for too long by the Omnipotent  Connecticut Democrat Party.

Connecticut's Debt Downgraded-Oh Well Let's Borrow More!

Oh well!  Connecticut's Debt got downgraded again by Fitch Ratings, Inc.  No big deal to drop now to A+ from AA-- meaning that the state will pay higher interest rates to borrow money.  No big deal since it is now only the fourth downgrade since last May.  No big deal that the Moody's Rating Agency has given Connecticut a "negative" outlook.  All this means for Connecticut Taxpayers is that is will cost more money in interest payments for the massive debt Connecticut has.  It is difficult to obtain actual figures as to how much short and long term debt and liabilities the state has.  I estimate it to be a mere $60 to $80 billion dollars.  That is an incredible amount for a state as small as Connecticut.  However given our current Omnipotent One Party Rule in Hartford it is not surprising.
Connecticut with the blessings of Governor Malloy borrowed another $1.5 billion dollars in bonds yesterday for all sorts of pet projects both current and past further increasing Connecticut's massive debt load.  It was refreshing to see Sen. Scott Frantz of Greenwich and Rep. Chris Davis of Ellington disagreeing with this additional borrowing only to be ridiculed by Governor Malloy.
Some new projects that will be funded with your tax monies include:
from http://www.ct.gov/opm/lib/opm/Agenda_May12_2017.pdf
$121.2 million for upgrades to state office buildings, courthouses, prisons, and vocational-technical schools; Connecticut Valley Hospital; the Veterans’ Home and Hospital in Rocky Hill; and for a new parking garage at Housatonic Community College in Bridgeport.
$78.3 million for transportation project planning and maintenance.
$34.7 million in grants and loans for business expansion-which businesses are unknown by reading the agenda.
$19.8 million for improvements to the business district in Hartford’s North End.
$19.1 million for affordable housing and emergency mortgage assistance programs.
Connecticut continues to run a deficit and is in a fiscal crisis.  Our elected officials response is continue spend money.  To continue to borrow money at a higher cost.
Fiscal conservatism does not exist in our state.  Face it Connecticut is bankrupt and will be for the foreseeable future.  Thanks to our ruling political elite.

Connecticut Taxpayers Have Faced Grim Reality For Years Now

Connecticut Taxpayers are a strong lot.  Connecticut Taxpayers keep being punished over and over again.  Connecticut Taxpayers are despised by the Connecticut Democrat Party for not paying enough taxes especially those who supposedly make a great deal of money.   Connecticut Taxpayers were told that the two highest tax increases in Connecticut's history were going to solve all of the economic woes of the state.  Connecticut Taxpayers were told there was no budget deficit in the last Gubernatorial campaign.  Connecticut Taxpayers are shouted down when questioning why their taxes go to support illegal immigrants in the sanctuary cities that are propped up financially by the state.   Connecticut Taxpayers question why it is illegal to have a free market system to purchase their wine and beer in the state so that prices could go down.  Connecticut Taxpayers are detested by paid state lobbyists for questioning their role in running up the costs of state government through their pet state funded projects and laws.  Connecticut Taxpayers are further insulted by having to pay for a program to fund candidates running for election every two years so that there is more "equity" in our elections.  Connecticut Taxpayers have to use the Freedom of Information Act to find out in many cases how much the state is spending on certain items and projects.  Connecticut Taxpayers voted for a Constitutional Amendment to have a balanced budget which in turn is ruled "illegal" by a Democrat Attorney General.  Connecticut Taxpayers must support a bloated salary, benefit and pension spoils system that benefits a ruling management and union elite.  Connecticut Taxpayers when wanting reform in that same bloated salary, benefit and pension spoils system that benefits a ruling management and union elite are shouted down and ridiculed.
Connecticut Taxpayers have been lied to over and over again since the enactment of the Utopian state income tax.  Connecticut Taxpayers hear the same rhetoric every year, new and higher taxes will solve all of Connecticut's problems.
Connecticut Taxpayers have faced a grim reality for years now.  Their elected officials only concern is themselves and the political spoils system they protect.  It did not change in 1991 nor will it change in 2017.
Connecticut Taxpayers will be facing another round of tax increases in a few weeks.  And Connecticut Taxpayers will be hearing about the new budget deficits that still have yet to have been addressed at the end of 2017.  Connecticut Taxpayers will be told they are not paying enough in taxes in 2018.
And the story line remains the same.  Thus Connecticut declares itself economically, politically and legally bankrupt in 2018.  Then and only then will the political spoils system that rules Connecticut with an iron hand declares full and ultimate victory over Connecticut Taxpayers.