Economic Nonsense

Economic nonsense. Economic gibberish. Economic rhetoric. Economic debacles. All of the above.
I just can't help but notice the economic non reality of now the even newer Obama Administration strangely moving to yet an even new direction is desperation to save his Presidency and to get reelected. Why do we need yet another stimulus plan? Neither of the other worked, nor did they do anything other than add to the National Debt. How is this plan going to actually employ one out of every five construction workers? Are these workers going to working on never ending infrastructure projects ripe with cost overruns, nepotism and fraud? Where is the private sector in all of this? Hasn't the private sector been crucified enough in the first two years of his Administration? Now all of a sudden Obama is their friend?
This Administration continues to reside over an economic debacle with no rhyme or reason, policies change in the wind, and the same stale liberalism is present with this latest State of the Union speech.
Economic nonsense. Economic gibberish. Economic rhetoric. Economic debacles. It remains all of the above for this one term President.

Sunday's Economics-Government Must Spend Less

It is a simple concept, government at all levels must contract and spend less money. A great deal less money. Our Federal government must develop a plan to pay off the National Debt, the debt continues to drain our credit markets and rips economic growth from our economy. I am glad to see a mounting movement towards the debate on the national debt. I personally have been lecturing about it in my classes since the first semester that I taught in 1982. The National Debt needs to be paid off. If it was then paid off, we would see incredible economic growth in our economy rather than the looming bankruptcy with a $14 trillion dollar debt.
Connecticut economically is a mess. We hear and see the economic behaviors take place of higher taxes, overpaid non productive political appointments and increased spending. The blame for this economic debacle falls squarely on the Democratic Super Majority. For Connecticut to survive we need to cut taxes to attract new business and industry, a massive cut in state spending and agencies, and a cut in state employee pensions and benefits. It needs to be addressed or we will really go bankrupt.
I reiterate, it is a simple concept, government at all levels must contract and spend less money. A great deal less money. Economic self sufficiency should be a required tool of secondary education. Then we can get back on the right track and see the United States of America and its fifty states, once again a dynamic, economic leader of the world economy. God Bless America.

Saturday's Economics

Will Connecticut actually cut spending? At first look, the Malloy Administration has taken care of some of the Super Democratic Majority cronies in plush Administrative positions. For example, Rep. Mike Lawlor, one of the most liberal tax and spend Representative the state had ever seen, will now earn $135,000 as Office of Policy and Management undersecretary of criminal justice policy and planning. Taxpayers should ask why? Why does he deserve that job and what is actual criminal justice policy and planning? Mr. Lawlor is vehemently against the death penalty, thus criminals should be able to be free to do what they want for the next four years here in Connecticut, until justice actually is served. What does the $135,000 actually give to taxpayers? How few employees will he actually manage? And the list of questions is economically endless.
For those who thought things would be economically different as far as political patronage jobs in this Administration you were wrong. Elite political types in these offices have help to create and continue the economic wasteland called Connecticut. We will now accelerate that economic decline more quickly through the now stale Malloy Administration, who actually could have broken this cycle with reforms.
On Sunday a wrap up...

Friday's Economics

Have you paid enough state taxes? Get ready to hear about the bad, share the pain, dysfunctional, economically irrational, economic illiterate state budget deficit. Get ready to hear about the $70 billion dollars worth of unfunded liabilities with only $16 billion in assets. Get ready to hear how Connecticut is near bankruptcy, now ranking in the top five states for debt in the country. Get ready to hear whose fault is it especially when we hear the blame is on the taxpayers of the state because they refuse to pay more in taxes than they already do. Get ready to hear that the Democratic Super Majority for years had no idea that anything was wrong financially with state. Get ready for one of the largest economic debacles our country has ever seen explode in Hartford over the next few weeks.
Why? Why has this state been economically mismanaged for so many years? And when will voters wake up and truly blame the continuing Democratic Super Majority for the mess they put us in? When?
On Saturday more negative economic news.....

Thursday's Economics

Obamacare. Economically Obamacare is a nightmare. If one looks at our neighbors next to us In Massachusetts one will see the future and future economic debacle from this socialized health care plan. Is the plan working there? Economically no. Due to the fact that there is little if any competition in the markets and the taxes for those individuals who constitutionally do choose not to have health insurance (but will pay themselves) is staggering. Thus why are we adding this burden to the economy at this time of recession?
Medicaid costs for states will skyrocket with rationed health care the only way for this plan to work economically since there is not enough money anywhere to cover it especially with the fiscal situation most states are in.
This year alone insurance premiums are rising dramatically from this new bill before implementation. What about the $500 billion in new taxes it creates? What about the 150 new boards and commissions created-where is the money going to come for that and what is the purpose of all of these boards and commissions? What about the new, costly unfunded mandates on our states many of which are broke already? And the list is literally endless of economic debacles that this bill has created.
Yesterday, the House of Representatives voted to repeal it. Obamacare needs to be repealed for there is no possible way it logically does anything to help our medical care system and there is no possible way it can be afforded. End this economic debacle now.
Friday...again have you paid enough for your ....

Wednesday's Economics

Local politics is an unique mix of personalities, ideas and ideologies. Those who are fortunate to live in Wallingford enjoy a good blend of politics and politicians. Our Mayor, Bill Dickinson, shows little emotion or fear of criticism. His job is being a strong, conservative Mayor who leads by example and thrift. A majority of taxpayers/voters endorse him each election and or embrace his views. A small minority, at the drop of a hat, condemn his every move. That is the nature of local politics. We are also fortunate there are a good mix of economically conservative officials from both sides of the political spectrum. What becomes disastrous for most towns and cities especially here in Connecticut is the reliance upon a regressive property tax and the bait and switch tactics of state funding. The state loves to mandate programs and then pull the funding from them down the road. Also most towns and cities budgets are dollar excessive to Education budgets, salaries and benefits for municipal employees.
Many others towns and cities are poorly managed economically as compared to Wallingford. Mayor Dickinson loved by the majority and hated by a small minority continues to exhibit economic common sense and is pure in his economic brilliance as an elected official in this state. A cost benefit analysis void of political overtones is utilized for every decision in our town. That is why Wallingford is the economic example that all other municipalities should be following.
On Thursday, the economic horrors of Obamacare....

Tuesday's Economics

Connecticut is horribly in debt. Economically it is hard to comprehend how Connecticut's politicians were able to get taxpayers into a $3.5 billion dollar + hole but they did. The debt of our state is economically unmanageable-it can not be paid off through higher taxes nor can it be borrowed and paid back that way. Connecticut's economy lags in many different areas thus helping to keep us in a recession for a much longer period of time than other states. The reasons are obvious; we have too high state taxes, we have a poor transportation infrastructure, high transportation costs, high workers compensation costs, and high property taxes to name just a few issues.
What can be done? If I was the new Governor I would take the painfully political approach of contracting state government. For my new fiscal year budget I would cut spending across the board by 10-14%. This would prove to be painful for the bureaucrats and lobbyists who run Hartford but would be the first step to resolving the states economic nightmare. Yes, state jobs would be cut. Yes, state programs would be cut. Yes, there would be shared "pain". However only through the contraction of state government would this $3.5 billion dollar debt start to be reduced and some economic light would be seen at the end of the tunnel. Can this happen? Yes. Will it happen? I am not optimistic, I am preparing to hear how much higher we are going to tax supposed rich people in our state (before they move) and tax businesses more. It is stale economic policy which will keep us mired in this economic debacle called Connecticut.
Wednesday a look at economic and politics on a local level...

Monday's Economics

I am going to do something different this week. For the next seven days I am going to talk about economics and politics.
The 2012 Presidential campaign should start to be heating up over the next few weeks. And why not? It is only 23 months away for candidates to start to pound away at all of the great social and corporate welfare programs that our government supports, to tell us why they are needed, why our taxes must go up to support them and why only they can lead our country.
Our next President, in my economic opinion needs to come from private industry, we can ill afford economically another President who has absolutely no experience in dealing with economic issues and problems. Taxpayers can't afford it.
It is also interesting to see that this next campaign should cost both sides at least $1 billion dollars each. Talk about non productive money in our economy. Why spend money in a media that condemns you and your policies (although not Mr. Obama-see Linda McMahon as an example)? It is economically illogical. Why can't economic issues be the focus of the next campaign and a real dialogue exist on them? Remember our national debt is $14 TRILLION DOLLARS and counting-what is the plan to pay it off?
On Tuesday....more politics and economics....from Hartford....

Cop A Plea, Get A Pension

Or if you live in Connecticut you can be a State Senator and be above the law. When is state government going to reign in their corruption? Or is this not possible under the current political system we have? Why was Mr. Gaffey enabled and protected for such a long time under taxpayers monies? And why are we now being asked by the new Governor to have shared pain and suffering? Hasn't this form of government created enough pain and suffering for all taxpayers in the state? What did I do or any hard working citizen do to contribute to the economic illiteracy and corruption that has help to create the current $3.5 billion dollar budget deficit? And thus why must I pay more for the political and economic incompetency that we have in Hartford?
No-it seems to me like more of the same, there will be more copping a plea and get a pension. Yes-just more of the same.

I Guess Len Suzio Was Right And Should Be Your State Senator

I guess Len Suzio was right all along. And why he should be Connecticut's 13th District State Senator. And this proves that Tom Gaffey was and is corrupt. Yet his fellow Super Majority Democrats defend him and will keep him employed with taxpayers monies for the future. I am wondering if Gaffey gets to keep his state pension and if he does why? Why is taxpayers monies being wasted in this fashion? And why are there two sets of laws, one for any Super Majority Connecticut Democrat and one for the minority Republicans?
Corruption continues to plague our political system here in Connecticut. It shows how poor our state government really is. Why was taxpayers monies wasted in the past election if Gaffey knew he was guilty? Did he think it would just go away?
And why didn't the media take Mr. Suzio's allegations of corruption seriously? Were they too fearful if Gaffey actually lost the election and new ideas were to emanate from Hartford?
Taxpayers in our state have a poor state government. And the media has stopped doing its job. It continues to protect this corruption. This past election shows how pathetic their reporting has become be it Bridgeport or Gaffey. Len Suzio needs to become the new State Senator. Enough corruption has taken place by Tom Gaffey. I do not wish to have any more of my tax monies go to this debacle.

Connecticut's Economic Woes

There are many. There are many, many economic issues for Connecticut in 2011. So far, I have heard absolutely nothing coming out of either the continuing Democratic Super Ruling Majority nor from Governor Malloy with regards to what will be done to solve the $3.5 billion dollar deficit, massive future unfunded liabilities and excessive unemployment. There are no quick fixes with these issues. Connecticut Democrats spend too much, show no accountability in these same spending programs and overtax both businesses and residents. Unless these core issues are actually addressed (and I can not see how with the Democratic Super Ruling Majority), Connecticut's economic woes will continue to mount.
And no higher taxes will do nothing to help solve our economic woes. State government needs to be lessened and reigned in. Bloated state spending programs have done nothing to resolve issues here. It has been and will continue to be more of the same. Wasteful spending and excessively high taxes-for what economic reason? In 2011 we need a contraction of our state government if Connecticut will survive economically to 2012.

Let Us Tax Connecticut's Air

Why not? It would provide a way for the Connecticut Democratic Super Majority in Hartford to keep overspending tax monies and further drive Connecticut into bankruptcy. It it actually a feasible plan with some thinking out of the box. Since there can be no cuts in spending in Hartford, raising taxes is the one and only alternative that can be offered. Thus by taxing the air that we breathe here in the state the Super Majority will show their omnipotence as supreme taxing economic beings dictating to the masses what we can and can not have so as to perpetuate their political ego and overspending.
Are you breathing too much? Tax it. Eating too much? Tax it. Living too much? Tax it. Taxing everything is another economically illiterate solution which I am sure will be thrown around in the coming year.
Why Connecticut voters voted for this coming mess in Hartford is beyond me. We are on the verge of bankruptcy, spending needs to be slashed like it has been in family budgets. When will the economic stupidity stop?

2011 and Economics

What will 2011 bring economically? If one is working and paying their bills it will be more of the same in my economic opinion. Economic stagnation. If one is still not working, where will the jobs be in 2011? How are we helping the unemployed by giving them three years of unemployment benefits? How does this create jobs and who pays for the unemployment compensation?
How will the economy cope with another run up of energy prices? What happens to the economy when gasoline is at $4+ a gallon and heating oil is at $3.25+ a gallon. How higher can these prices go?
Will the new Governor and the Connecticut Super Democratic Legislative majority address Connecticut's coming fiscal insolvency? Or will they continue to raise taxes, raise spending and continue to create an even greater deficit of which there will be no fiscal resolution to? How does one party rule in Hartford help our economy in any way in 2011? How has all of the billions of dollars that the state has thrown at "problems" been efficient to help to create solutions to these same "problems".
2011 in my economic opinion will bring more political economic illiteracy at all levels of government. My advice is to be frugal economically in the coming economic storm.

How High Will Energy Prices Go?

How much are you willing to pay for gas and heating oil? $4 a gallon will probably be the norm for 2011. And where will this money come from for consumers? Unknown. We know government at all levels disregards thrift and conservation, but we as consumers must now figure out once again how to pay for skyrocketing energy costs. We know our government still can not figure out how to develop a comprehensive energy plan which would make our economy self sufficient. It only has had 37 years to do this, we really can not expect it to happen that soon. Natural gas shale, offshore oil drilling and a promotion of nuclear power are all fantasies to our mindless and economically illiterate government.
Thus for 2011 expect to pay much more for energy, even though we have plenty in our country which could be used. We know our elected officials have no thought for energy self sufficiency for our country. It would just make too much sense economically.

Once Again Rosa DeLauro Votes Against Her District

Why she got reelected is beyond me. Why the people of Connecticut's Third Congressional District vote for her is amazing. She in my economic opinion does not in any way represent this district. Representative DeLauro voted against the extension of the Bush tax cuts, she actually voted against her President. Her President who is economically challenged when dealing with economic issues. She apparently voted against the bill because of supposed tax cuts for the 2% of the most wealthy and that it does not create enough jobs. As an economist I fail to see how the top 2% are getting such a massive cut in this bill, if anything those who leave $5 million dollars in inheritances will see the federal government steal 35% of it now. That money has been taxed numerous times already. Why is that justified? How did DeLauro's vote for socialized health care and the Obama stimulus package actually create jobs for our economy either? They were both job killers.
Once again she has voted against her district. Why is she our Representative?

Why Is It Difficult For Government To Cut Spending?

And why won't they cut spending? Why must firmly entrenched pork barrel spending continue at all levels of government? Has spending by government ever have an actual clean audit? Is all governmental spending efficient and free of fraud? At what level of deficit spending does government become bankrupt? At what level of governmental spending does their liabilities exceed their assets? Are we at that point at this time? Can a new Congress actually have the guts to reform taxes and cut spending at the same time to avoid bankruptcy?
Mr. Obama is no comeback kid, he has little economic education nor economic understanding of the two year debacle he has created. The reforms economically are simplistic. Ignore the biased media and leftist Democrats and cut spending and taxes. Create a plan to pay off the national debt. 2012 is around the corner and mercifully this administration and its failed economic policies will be gone.

Economic Follies

Economic follies are all around us, must be that time of the year.
On a local level how does Wallingford pay for $1 million dollars of union pay raises mandated by an illogical arbitration settlement?
On a state level how does Connecticut pay for $72+ billion dollars of short and long term debt?
On a federal level how does Washington pay for $14+ trillion dollars of national debt?
I can see Wallingford's plan which is the most logical, layoffs and movement of funds. On a state and national level it is more of the same economic illiteracy that we have seen for years. This holiday season politicians still do not get it, there is no more money, spending needs to be cut once and for all.

Chris Dodd Still Hates Small Business In His Final Days As Senator

Senator Chris Dodd still hates those in small business. His two votes today in the Senate against the repeal of the utterly ridiculous small business 1099 form reporting of information requirements for payments of $600 or more to corporations. This 1099 reporting was hidden in the socialist Obamacare health care bill. Dodd voted against Senator Johanns's amendment and Senator Baucus's repeal amendment. Chris Dodd can still do damage to the businesses of Connecticut in his final days as Senator. He once again has proven his ineptness and his anti-business stance. From his economically illogical finance reform bill to the passing of socialized health care, to the countless other economic blunders he has made a Senator, good bye and good riddance Chris Dodd.

Chris Dodd Will Never Get It

Chris Dodd will never get it, here is my last correspondence I received from him. What has he really done for us? And he never came clean on all of his sweetheart deals, what a debacle. It is nice to know he does not have to be bothered representing the people of Connecticut any more in his last days as a Senator. Good bye and good riddance Chris Dodd.

November 15, 2010
Mr. Robert Swick
Wallingford, CT 06492



Dear Mr. Swick:

Thank you for your recent letter. It was a pleasure to hear from you. At this point in time, my office has begun closing down in preparation for my retirement from the United States Senate. As a result, I suggest that you send any future inquiries, comments or concerns to my colleague, Senator Joe Lieberman and my successor, Senator-elect Richard Blumenthal, when he takes office. Nevertheless, I appreciate your thoughtful correspondence, and would like to pass along my sincere thanks for giving me the opportunity to serve our state and nation.


I am extremely proud of the incredible things that we have accomplished during the current Congress and over the last thirty years on behalf of the people of Connecticut. None of it would have been possible without the dedicated engagement of Connecticut's residents sharing their points of view, opinions, and ideas on how I could best serve our state. We may not have always agreed on every issue, but it was important for me to hear from you and I appreciate your input.


Throughout my tenure in the Senate, I have been honored to work with my colleagues to enhance the lives of Connecticut residents by protecting consumers, strengthening the quality of life of children and families, improving our national security and relations abroad, and delivering federal support for our state's needs. This work will continue in the good hands of Senator Lieberman, Senator-Elect Blumenthal, as well as Representatives DeLauro, Larson, Courtney, Murphy, and Himes.


Once again, I would like to express my appreciation for your correspondence. Over the years, the stories I have heard from Connecticut residents like you on these and numerous other issues have inspired and guided my work. Thank you for giving me the opportunity to serve, and best wishes.

Sincerely,


CHRISTOPHER J. DODD

United States Senator

Are We That Much Safer Flying?

Are we that much safer when we fly? The new debacle of the TSA with xray body scans and rough pat downs really make us that much safer when we fly? Where is the evidence and proof? Why are law abiding, tax paying United States citizens subject to this kind of harassment? Wasn't the old system actually working since we did not have any issues since 9/11? Why does the governmental bureaucracy once again displace common sense?
And why are we not updating our air traffic controlling radar to the most advanced means possible instead of the out-of-date system that continues to exist in 2010? Because of union lobbying?

Many questions but once again little or no response from this administration and its political hacks. Do I feel safer flying with this invasion of my privacy? No. Political corruption, bureaucracy, and inefficiencies all have replaced common sense when flying. And it will only make our resistance stronger to our government's invasions of personal freedoms and liberties that this administration has taken away since 2009.