Saturday, February 01, 2020

Connecticut's Constant Debt

Lost is the euphoric conversations about the economic greatness of tolls is Connecticut's $140 billion dollars in short and long term debt along with unfunded liabilities especially pension liabilities.  This $140 billion dollars of debt seems always to be ignored by the ruling elite of the Connecticut Democrat Party and by our biased state media.  This current economically unsustainable budget has already $96 million dollars in deficits and we still can not get an answer from any elected official as to where and what the supposed $500 million dollars in cuts are coming from that were part of this current budget to help balance it.
I guess our state government is just based on lies.
Lies about tolls.
Lies about how much revenue will come from the banning of plastic bags and its tax.
Lies about the highest income earning Connecticut Taxpayers and the taxes they pay since they are moving out of state on a daily basis.
Lies about the net migration of population moving out of state and the economic impact it is having on the state.
Lies about about cutting spending.
Lies about how the last three largest tax increases in the state history over the past ten years still can not either address the $140 billion dollars in short and long term debt along with unfunded liabilities and or balance the current budget.  All we have seen is the debt grow even higher and higher with no end in sight.
There is a simple politically unpopular solution to Connecticut's economic mess.  Cut state spending.  Cut the bloated salaries of the state commissioners and their budgets.  Cut the ridiculous grandfathered pensions of a chosen few.  Do more with less money as Connecticut Taxpayers must do on a daily basis to survive in this state.
Connecticut has constant debt that continues to erode our state's economic health and well being.  Any way the Connecticut Democrat Party tries to sugarcoat it the problem is visible and horrific for the state.
However the upcoming short session of the state legislature will feature the desperate need for tolls and probably new and or higher taxes to address the budget deficit. 
I guess our state government is just based on lies.  Nothing really changes in Connecticut does it?


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