Over the years, I have been asked why a state as small as Connecticut
with as little population as it has spends as much money as it
does each year? Unfortunately, It is a very difficult question to answer. Back in
1991 Connecticut's budget was under $8 billion dollars a year. The new
proposed budget for FY 2023-24 by Democrat Governor Ned Lamont plans to
spend over $25 billion dollars each year for a new $50.5 billion
bi-annual budget, including another $1 billion dollars or
so in new bonding yet again. If one does some quick math, state spending has
increased roughly by 312% in 32 years, or a minimum of 10% per year. When
short and long term debt and unfunded liabilities are taken into account, Connecticut's fiscal ditch can be
estimated to be roughly $150 billion dollars. Part of the
reason why the state spends as much as it does is because of the fiscal narcotic
state income tax available to it along with the over market value and over paid state
employee benefits, salaries and pensions it is committed to pay. Connecticut has seen a net
decline in its population and many higher income earning workers flee
the state over the past 32 years. Contrary to the Democrat
rhetoric of how great the state is, Connecticut still ranks last and or near last in
most business and economic climate categories in the country, while
having some of the highest tax rates in the country.
Saturday, February 11, 2023
Democrat Connecticut Has Massive Budget Increases Year In And Year Out-Why?
The new
budget sees a similar trend of the past 32 years. Spending is
increased, various taxes have minor cuts while other taxes remain the
same and or are increased, while different state groups, local groups, cities,
towns, state departments and other advocacy groups complain they need
more money and or are not getting enough money to function. This budget
offers some middle class workers a cut in their income tax rates that
may save them on average $300 for single filers and a whopping $600 for
couples. Lamont's new budget also offers massive pay raises of 5.5%
pay hike in the first year and 4% in the second for judges, that he
claims would aid with judge recruitment and retention of these same
judges. I did not realize that judges were so hard to find in the state
since they are mostly political appointments. Thus this years budget
follows the narrative that Connecticut's economy has never been better,
taxes are being cut by roughly one tenth of one per cent in proportion
to the $50.5 billion dollar budget for individual taxpayers, more laws
limiting personal freedom will be enacted and the cycle to economic
Armageddon has once again been adverted. In my opinion, truths, lies and deceptions are the yearly norm when it comes to the state budget while
obviously throwing more Connecticut taxpayer's money at everything and
anything. Again, this standard mode of operating will correct any negative social or economic situation
permanently. It always does.
Reality paints a much harsher picture of the social
and economic Utopia called Connecticut. The state has many long-standing social and economic issues that it just can not shake. I might
be in the minority for calling this out as I see the same problems the
state has had year in and year out for well over 30 years now, continue.
One of the biggest issues the state has since it has now accepted
permanent Democrat one-party rule is that is has an unsustainable debt
and unfunded liabilities funding problem that has never been addressed.
How much more will borrowed and never be paid back? I know the yearly
calls for living
within the budget and other incoherent economic
gibberish spewed by elected officials have grown stale. In my opinion
Connecticut spends an excessive amount of money for a state as small as
it is with a population as small as it is. It has an enormous debt
problem along with horrifically Democrat run cities that are unsafe economic wastelands and
offer little economic freedom for those who live in them. There are
really two different Connecticut's. The Connecticut that the working
middle class must fight daily that offers illogical laws, poor
politically correct public education, social unrest, high taxes and crime throughout the state. The Connecticut that the politically connected and wealthy
live in avoids all of this at all costs, for these problems are for the
peons who must toil to support the excesses of state government, and not
theirs.
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