$62500 is a great deal of money to some people. Not to the Connecticut Democrat Party. $62500 is the amount of money that each Connecticut Taxpayer is responsible for as their share of Connecticut's massive debt. Connecticut in fact has the highest debt per taxpayer in the country according to trunthinaccounting.org latest "Financial State of the States Report 2021". Connecticut ranks dead last of all 50 states in the country as far as how much in debt the state is. If one looks at the amount of debt a state as small as Connecticut has it is astounding. The amount borrowed money from bonds, all other liabilities, unfunded pension liabilities and unfunded retiree health benefits amount to over $96 billion dollars. If one was to include all the areas of the state budget that has been moved off budget along with other unreported debt, I estimate Connecticut's total debt to be around $120 to $140 billion dollars. Connecticut's debt to gross domestic product (for Connecticut) ratio is an astounding 22.2%. One can assume to be correct in their assumption that it seems like Connecticut is bankrupt. If the state were to liquidate all of its assets it would not be able to pay off all of its debt. If Connecticut was not to spend its bloated $23 billion dollar yearly budget at all and put it all on its debt it still would take over six years to pay off its debt. But we know in reality that Connecticut would never sell off its assets and would never stop spending anything each year from its bloated budget to pay down this debt.
Connecticut in case you have not guessed it yet ranks as a bottom five state in many different economic categories while ranking as one of the highest taxed state in the country. We are led to believe somehow that Connecticut is a well run and fiscally managed state when instead it is just the opposite as it teeters on bankruptcy. This is the real record that Ned Lamont and the Connecticut Democrat Party runs on year in and year out. And we are led to believe that Connecticut is an efficient and economically well run state even though there are literally taxes on anything and everything in the state. Why has Connecticut become a fiscal mess? Unchecked Democrat Party spending and a total disregard for the rule of law in what was formerly known as the "Constitution State". Ned Lamont and the Connecticut Democrat Party are much more worried about school aged children wearing masks for seven hours a day than this debt that these same children will inherit (if they somehow want to stay in the state when they get older).
Connecticut Taxpayers should brace themselves for the inevitable. Massive tax increases in the future to pay for this political based state debt that has accumulated since the failed Weicker Administration back in 1991 along with his implementation of the failed state income tax that was the political credit card to increase political patronage spending that has been unchecked and unabated for the past 30 years now. And look what Connecticut has to show for this debt. A Governor who has been able to manipulate Taxpayers monies to his family's hedge fund benefit and profit. A Governor who rules with an iron hand making up rules and laws as he goes along with zero respect for the state constitution and or the rule of actual laws in the state. A governor who make sure he wants his political friends and his Democrat Party to be the beneficiaries of any state perk that can be sucked out of the Connecticut Taxpayer. A Governor who really wants Connecticut Taxpayers to know that they are working for him, his family's hedge fund and the Connecticut Democrat Party. Connecticut does not have an elected government in my opinion, it has fraud in the form of what is supposedly called state government. A state government that has provided you with now $62500 each of more debt for their political pleasures. It is truly sickening.
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