Connecticut has $150 billion dollars in short and long term debt along with unfunded liabilities. It is a figure that I constantly use as I feel that the state is a walking economic time bomb ready for the implosion of debt that can no longer be paid back. For example what happens when Connecticut can no longer borrow any more money and or must borrow money at an excessive rate of interest? Does it go bankrupt? Or does it raise taxes even more than they are now? If this is the case then why does Connecticut allow for its state legislators and state employees to include mileage reimbursements and payments for overtime in their state pension calculations?
A brave state legislator-Republican Representative Christie M. Carpino, 32th District has proposed yet another bill to eliminate mileage reimbursements and payments for overtime from being included in pension calculations for state employees via H.B. #5149. It is co-sponsored by Republican Representative Craig Fishbein, 90th District. Will anything happen this session? Will our Omnipotent One Party Rule State Legislature decide to throw a bone at Connecticut Taxpayers and vote this bill into law thus eliminating this costly and economically illogical "perk" to pad their pensions that is helping to contribute to Connecticut's massive debt? Since when should mileage driven be counted in a pension? Do you know of any private pension that counts miles driven as a calculation to a final payout? Do you also know of any private pension that counts overtime worked as a calculation to a final payout? I don't. But here in Connecticut with the unrelenting Democrat Party controlling all aspects of state government Connecticut Taxpayers must pay out for mileage reimbursements and payments for overtime to help increase these bloated state employees pensions. Why is this still going on with Connecticut's $150 billion dollars in short and long term debt along with unfunded liabilities? Why during one of the worse economic crisis in the state's history must this practice continue while the state has massive unemployment and many businesses were closed permanently and have lost their life's work and savings? How and what did these state legislators accomplish during their political careers that created such massive economic gains for the state during their career that they must now be entitled to some of the "supposed" gains or profits that the state received? And if so what are these "supposed" gains or profits? Is it $150 billion dollars in short and long term debt along with unfunded liabilities? If it is then they should be paying back Connecticut Taxpayers for their fiscal incompetence and economic illiteracy and receive no pensions.
This is yet another example that shows how poorly governed Connecticut is and has been for the past thirty years. And it is another example of the total disrespect Connecticut's ruling political elite has for Connecticut's Taxpayers. From no bid secret state contracts for the Governor's hedge fund to miles for pensions it just never ends in this state. It just never ends. Bankruptcy in my opinion looks promising in 2021 to rid the state of its cancer known as its government. Free Connecticut.
No comments:
Post a Comment