The Malloy Administration=Economic Insanity

The Malloy Administration equals economic insanity. It also equals economic illiteracy. It also equals higher gas prices. It also equals higher business taxes. It also equals higher personal taxes. It also equals a higher cost of living, working and doing business in the state. It also equals illegal Esty carbon taxes (which will doing nothing to supposedly stop the mythical pollution we have in our state). It also equals more and more productive businesses and industries moving out of our state. It also equals more of youth moving out of our state.
The Malloy Administration-once they clean and rape our economy thoroughly will then be able to understand shared sacrifice for the few remaining individuals who work in our state-the rest will have voted against Malloy before he runs for reelection by voting with their feet. And move out of Connecticut and its economic insanity lead by the Malloy Administration.
Gee I wonder what the deficit will be like in two more years?
Gee I wonder what the deficit will be like in two more years?
Gee I wonder what the deficit will be like in two more years?
Gee I wonder what the deficit will be like in two more years?
The same lies over and over again.

Again Higher Spending And Higher Taxes

Connecticut will never learn. It is the same story over and over again. Higher state spending with higher taxes produces the same stagnant economy. Higher state spending with higher taxes makes more businesses and industries move out of state. Higher state spending with higher taxes stagnates economic growth. Higher state spending with higher taxes forces our young people to leave for more tax and job friendly states. Higher state spending with higher taxes keeps an entitlement elite in the money. Higher state spending with higher taxes keeps lobbying groups running our state. Higher state spending with higher taxes produces zero new job formation. Higher state spending with higher taxes slams the working middle class. Higher state spending with higher taxes slams small businesses in our state. Higher state spending with higher taxes is just more of the same stale political leadership on both sides of the aisle.
Connecticut will never learn. Higher state spending with higher taxes produces the same stagnant economy.

National Debt/National Debacle

Is the national debt a national debacle? Does the current administration have any idea what a downgrade in credit means to borrowing for the national debt? How does the current administration's rhetoric do anything to resolve the national debt issue? Why is cutting spending on a national level so politically difficult when our economy can not support a debt of this magnitude any more? Why are lobbyist increasing their spending in Washington so as to influence the budget decision? To the tune of $3.5 billion dollars in 2010 to buy influence, power and a high national debt.
Why is Representative Ryan's program being vilified without even being read or understood? And where is the actual Obama plan to resolve the national debt? I only hear the constant complaining and negativity coming from the Democrats with absolutely no direction or plans coming from them to resolve the national debt crisis that they have created.
The national debt is a national debacle and needs to be resolved today. A lowering of credit value should shame Washington into action. But I forgot that economic illiteracy is the menu of choice by Congress and this Administration. The national debt is a national debacle.

Connecticut's Decline

Connecticut is in decline. A steep decline. A decline of enormous proportions. A decline of jobs. A decline of business and industry. A decline of affordable housing for young people starting out. A decline in affordable education for legal residents while illegals are given a free ticket to this same education. A decline in our transportation and road system. A decline in representative government for those who work in our state. A decline in truth in state government-has it ever existed in the first place? A decline in youth actually remaining in our state after graduation from high school and college. A decline in most aspects of the quality of life.
Connecticut's decline rests totally upon an economically illiterate state government and those who are in power in Hartford. We have economic decline due to over taxation, grave economic inefficiencies of state government and a massive lobbying effort which displaces the middle and upper income taxpayers from having any representation in Hartford.
Connecticut is in decline. A steep decline. And will continue to get worse with the coming Malloy budget.

Dan, Dan The Tax Man, Raise Some More Taxes Today!

Yes-Dan, Dan The Tax Man
Raise Some More Taxes Today!
Yes-Dan, Dan The Tax Man
How Many Jobs Went Away Today?
Yes-Dan, Dan The Tax Man
How Many More Businesses Closed Today?
Yes-Dan, Dan The Tax Man
How Few Concessions Did You Get Today?
Yes-Dan, Dan The Tax Man
Raise Some More Taxes Today!
Yes-Dan, Dan The Tax Man
How Many More Moved Out Of Your State Today?
Yes-Dan, Dan The Tax Man
Economics Is Obviously Not Your Strong Point!
Yes-Dan, Dan The Tax Man
Raise Some More Taxes Today!
Yes-Dan, Dan The Tax Man
And Watch Your State Go Away!

Tuesday's Economic Thoughts

And there are many.
House Budget Committee Chairman Paul Ryan's, "The Path to Prosperity" is a courageous attempt to cut federal spending and is being met with the usual liberal panic screams and lies. If one actually reads the plan, one can see the economic logic being presented by him and his plan to reduce the National Debt. The same National Debt for those who are living on another plant is $14 trillion dollars plus at least $30 trillion in unfunded liabilities/off budget items.
Mr. Malloy's stunted attempt to do anything about Connecticut's high taxes, unfunded liabilities, massive state spending and nepotism can viewed as a direct opposite of Mr. Ryan's courageous stand. Malloy offers residents/taxpayers more of the same, excessively high taxes and excessively high state spending. He has no understanding whatsoever of how our economy works. Then again there will be few who continue to stay and work in our state due to this economic illiteracy and economic fraud.
Fiscally Conservative Wallingford Mayor Dickinson again offers a strong town budget much to the dismay of his political enemies. By cutting spending and doing with less, Wallingford again leads the way in our state with sound fiscal management. Maybe our economically illiterate Democratic Super majority in Hartford could come down and see how real government works. What a fantasy.
High energy prices? They are an illusion since the Federal Reserve states there is little inflation in our economy at this time. Thus the $4 a gallon for gas you are paying coupled with $3.65 a gallon for heating oil apparently does not exist when you are paying for it. We only have have since 1973 to become energy self sufficient-maybe by 2073 we will be.

Why Is Mr. Obama Running For Re-election? $14 Trillion Dollar National Debt

And why did he announce it in April 2011 when the election is November 2012. Thus we will now have a mere 18 months of campaigning by Mr. Obama. I am sure this campaigning will be paid for by taxpayers. The same taxpayers who must foot the $14 trillion dollar National Debt that Mr. Obama has nurtured and expanded since he has taken office. The next 18 months we will hear about the great governing of Mr. Obama while we as taxpayers try to grasp this $14 trillion dollar National Debt. The next 18 months we will hear how evil the Republican candidate for President is, was and will be while we hear songs of praise of Mr. Obama and his $14 trillion dollar National Debt. We will also try to understand the constant changes in Mr. Obama's foreign policies while simultaneously fighting war on three fronts and the expansion of the $14 trillion dollar National Debt due to these now three wars. We will try to comprehend all of the failed economic stimulous programs that we enacted by Mr. Obama and how they contributed to the $14 trillion dollar National Debt. Yes we as taxpayers joyfully welcome the next 18 months of pure rhetoric, theatrics and lies that the next Presidential election will bring. All while we try to grasp a $14 trillion dollar National Debt.

Obamacare One Year Later-Do You Feel Any Better?

I am wondering with Obamacare one year old do you feel any better? Have your medical insurance premiums gone up in the year? Do you know an elderly person now having trouble with his or her supplementary carrier? I know my Aunt now has to pay for all blood tests. Does everyone now have medical insurance? Is everyone in our economy now healthy? Since the implementation of Obamacare, four states and over one thousand organizations have been exempted from its regulation-did you get your personal exemption yet from the President? I thought everyone was forced into this plan since it was so good? And so cheap also? Not the extra trillions of dollars it will cost taxpayers over the next ten years.
Not much has changed since the first year of Obamacare, our President is lost economically, lost nationally, lost on the world wide scene and most importantly lost with Obamacare.
Call your Congressperson today for your personal exemption, after all they exempted themselves from this economic medical debacle.

How Do We Define Connecticutax Shared Sacrifice?

I am fascinated by the concept of shared sacrifice for the working class of Connecticutax. It is an amazing concept to read about and listen to our elected officials talk about. It is amazing to hear the Connecticutax Democratic Super Majority in Hartford explain to those people who work in our state what shared sacrifice is. To me it is a simplistic economic concept, it means to continue to increase taxes for those who work and do business in our state and then redistribute it to those who are state elected officials and workers in the form of above average wage, benefits and pensions.
Shared sacrifice is not part of our elected officials or workers vocabulary. It means instead to continue the economic status quo of excessive spending and taxation coupled with excessive state employee benefits especially for those in power. It means that those who continue to work in our state will support to an even larger degree the economic insolvency that the Connecticutax Democratic Super Majority in Hartford has helped to nurture, develop and refine over the past 25 years.
I am truly fascinated by this concept and how this elite ruling class has exempted themselves from it-sort of like getting more money in your pension through mileage reimbursements. And I forgot our auditors overlooked that! Thats ok, what's another $10,000 wasted of taxpayer's monies?

Look At The Shared Sacrifice Of The Ruling Elite In Hartford

We must overlook the missed shared sacrifice of Mr. Malloy and the $8.5 million dollars of taxpayer's monies he took in matching funds for his campaign.

And we must also overlook the shared sacrifice of the states recently retired top two auditors.
Equal to blame from both parties as quoted from 3/27/11 Kevin Rennie-Hartford Courant Now You Know Column The two auditors who held the job for nearly 20 years, Republican Robert Jaekle and Democrat Kevin Johnston, retired late last year. According to the Office of the State Comptroller, based on their "three high year earnings," Jaekle receives "an estimated retirement benefit" (translation: pension) of $137,640 a year. Johnston receives a pension estimated at $160,800 a year.

Please keep in mind that the auditors are the crack troops of fiscal prudence. A portion of those generous pensions includes mileage. Again from the comptroller, "The average of Mr. Johnston's three high year earnings included $10,450.92 attributable to reportable mileage. The average of Mr. Jaekle's three high year earnings included $11,427.82 attributable to reportable mileage."

Now that is real shared sacrifice upon two individuals who were guarding the states finances. Let us see how much we can rip taxpayers off now. How from an accounting auditing perspective can mileage be counted towards a pension? How from an audited accounting perspective can this be allowed? And what is the concept of shared sacrifice? What a bunch of shared lies coming out of Hartford.

Yes Higher Taxes Solve Everything

Stupid me. I did not realize that higher taxes solve every problem on a state level. Just when I thought I knew a great deal about economics by studying and teaching it for the past 37 years, I never realized that politicians are right when they state that higher taxes solve everything. It is kind of like when Lowell Weicker stated that the new founded State Income Tax would solve all of Connecticut's fiscal problems. So twenty years later we have a budget deficit of $3.6 billion dollars and state spending has doubled over that same twenty years period. Just as a side, the state population continues to fall. Thus twenty years later the state now spends 100% more on less citizens and still is in the hole by $3.6 billion dollars. And here is another fact that the Connecticut Democratic Super Majority does not want you to know: 49.3% of all state revenue is made up by the state income tax (only ranked #2 in the country) and 40% of all income tax receipts are paid for by the top 1% of the income earners (those making $500,001 and more). And I see that the Connecticut Democratic Super Majority wants to increase that figure even more to solve all of their fiscal worries and continue to spend wastefully and foolishly as they have done for the past twenty years.
What economic illiteracy. Continue to tax the supposed rich even more so that more will move out of state and the burden will fall on the remaining overtaxed citizens of the state. Rather than cutting spending once and for all and lowering taxes, the Connecticut Democratic Super Majority wants that Number 1 ranking in taxes in the country.
Taxpayers can shout with glee, "We're #1, we're #1". And will not be for basketball any more-get use to those empty basketball game seats, taxpayers can no longer afford the games, only higher taxes as the Connecticut Democratic Super Majority wants us to have. How ignorant of me, higher taxes solve everything in Connecticut. But one day coming quickly taxpayers will say no to this economic madness.

Why Don't You Just Cut Spending In Hartford?

I do not know, has this concept been tried in Hartford? Has Mr. Malloy and his fellow Super Democratic Majority considered cutting spending rather than raising the following taxes:
Income tax: Increases income taxes on individuals making more than $50,000 a year and couples making more than $100,000 a year; increases the highest income tax rate from 6.5 to 6.7 percent; eliminates the 3% bracket on an individual’s first $10,000 in earnings and a couple’s first $20,000 for those making more than $56,500 and $100,500, respectively; expands the number of brackets from 3 to 8.
Sales tax increase: Increases the state sales tax from 6 percent to 6.25 percent and to 6.35 percent at retail locations.
Sales tax expansion: Applies the sales tax to now-exempt items such as hair cuts, car washes, and clothing and footwear that costs less than $50.
Eliminates Sales Tax Free Week
Property tax credit elimination: Eliminates the existing $500 property tax credit for the middle class.
Cigarette tax: Raises taxes on cigarettes by 40 cents a pack, from $3.00 to $3.40; increase tax on snuff from 40 cents to $1 per ounce; increases tax on other tobacco products from 20% to 50% of wholesale price
Alcohol tax: Raises taxes on alcohol by 20 percent (tax on distilled spirits goes from $4.50 a gallon to $5.40; tax on beer goes from 20 cents a gallon to 24 cents; tax on wine goes from 60 cents a gallon to 72 cents)
Gas tax: Increases the state gas tax from 25 cents a gallon to 28 cents a gallon; and diesel fuel from 26 to 28 cents a gallon.
Earned Income Tax Credit: Increases state spending by more than $100 million though a new, negative income tax of up to $1,700 for low income households that earn less than about $21,500 a year from their jobs.
Death Tax: Lowers the estate tax exemption from $3.5 million to $2 million, making more of an estate subject to the estate tax, which starts at 7.2% and rises to 12%, over and above the federal death tax.
Hotel tax: Increases the sales tax on hotel stays from 12 percent to 15 percent.
Corporate tax: Extends a 10 percent corporate profits tax surcharge on large businesses for two more years; establishes “throw back” rule expanding their income subject to state taxation.
Luxury sales tax: Applies an additional luxury sales tax of 3 percent on clothing over $1,000, jewelry over $5,000, vehicles over $50,000, and boats over $100,000.
Driver’s license: Increases the driver’s license tax from $66 to $72, good for 6 years ($1 a year increase).
Car registration tax: Rises from $75 to $80 biennially.
Care rental tax: Rises from 8 percent to 9 percent.
Insurance premiums tax: Increases the insurance premium tax from 1.75% to 1.95%.
Health facilities: Raises taxes on hospitals, nursing homes, and intermediate care facilities for the mentally retarded, in an effort designed to trigger federal reimbursements.
Energy tax: Establishes a new tax of 2/10ths of a cent per kilowatt on electricity generated in Connecticut , with a special interest exemption for favored “green” energy producers.
Real estate conveyance tax: Makes permanent a .25% real estate tax and expands an optional conveyance tax.
Cabaret tax: Creates a new cabaret tax of 3%.
Admissions & Dues Tax: Eliminates exemptions from the 10% tax on admissions to certain places of “amusement, entertainment, or recreation” (eg, New Britain Rock Cats home games, events at the Hartford Civic Center ).
Boat tax: Taxes boats at a statewide rate of 20 mills.
Airplane tax: Taxes airplanes at a statewide rate of 20 mills.
Film Tax Credit: Decreases tax credit transferability to 50%, then 25%, against the corporate tax.
Sales Tax Exemptions Eliminated
Pet grooming services
Automotive storage
Boat services (docking, storage, cleaning, repair, tow)
Packing & crating
Car washes
Automobile road and towing services
Limousine services (with driver)
Labor charges -repair of small aircraft
Clothing and footwear under $50
Non-prescription drugs
Manicure and pedicure services
Eliminate trade-ins exemption for auto vehicles
Eliminate exemption for coupons, discounts, trade-ins
Airport valet parking services
Cosmetic surgery
Haircuts
Yoga Studios
Cloth and fabric purchase for non-commercial sewing
Hazardous waste removal
Eliminate exemption for solid waste to energy facilities
(Cited From The Federation of Connecticut
Taxpayer Organizations, Inc. Susan Kniep, President
Website: http://ctact.org/)

I do not know I guess it much more fun just to raise taxes in Hartford rather than face the economic reality that higher taxes would further inhibit economic growth and job creation in the state. It will continue to worsen the business climate in the state. It will continue to accelerate the young people leaving our state for better economic opportunities elsewhere. It will continue the politics as usual which the Super Democratic Majority embraces. I do not know how higher taxes solve anything at all. Just more of the lies of Hartford.

Where Is The Presidential Leadership?

Or how many more crisis will Mr.Obama avoid? And why does he have to travel so much at taxpayers expense knowing we have a $14 trillion dollar national debt? Does he receive that many votes from foreigners voting in our upcoming Presidential election in 2012? By not saying anything about the Middle East, excessive inflation, the national debt, his irrational national health care plan or the new energy crisis does he really think he will receive more votes that way? Will he really raise that much more money by avoiding all situations where he must make a decision? Can he make a decision? Is the mood of hope and change long gone? Was it made up by a loving media? Was there any leadership at all with massive spending programs being rammed down taxpayers pocketbooks with no dialogue or discussion? Are we really better off in 2011 or have we set back our economy years with misguided, economically illogical spending programs?
Will we be able to recover as an economy in 2013 with a new President and Congress who actually lead and make coherent economic decisions? I trust that we will be better off with a massive change in Washington, but for now the silence is deafening. And America needs to be a leader again in world and economic affairs once again. Those who are willing to give their lives for freedom can't wait any longer.

Where Are Connecticut's Jobs?

I do not know I can't find them. Where are Connecticut's Jobs? I have looked everywhere. I have looked for them from all of the business and industries that have moved out of state. I have looked for them in the State Attorney General/New US Senator offices. I have looked for them through the massive amount of paid lobbyists in Hartford. I have looked for them in the Democratic Super Majority offices. I have looked for them in all of the tax laws that we have here. I have looked for them in the new state budget which increases spending another 2.4%. I have looked for them in all of the unfunded liabilities that the state has to pay in the future. I have looked for them in the state university system. I have looked for them through new tolls and taxes that are coming to our state. I have looked for them following all of the young people who are and have moved out of state. I keep looking for them and I can't find them. I guess I am looking for them in all of the wrong places. I guess I am looking for jobs from the economically illiterate sector of our economy, Hartford. I can't find them, I can not find those jobs. But I can find high taxes, oppressive business regulations, losses of our best and brightest moving out of state,coming instate tuition for illegal immigrants, coming repeal of the death penalty, losses of business and industries due to high taxes, high transportation costs, high workers compensation costs and future massive unfunded liabilities. Where Are Connecticut's Jobs? Lost and gone forever?

What Leadership?

I look at Wisconsin and their government in amazement. Limits in public sector union power, lower state spending, lower taxes in some cases, local governments being given more rights and less mandates and a Democratic party which shows absolutely no values, leadership, or abilities to govern. I see a powerful Governor who is willing to make decisions which will move his state forward with a stronger economy and economic growth for the future. A state which leads by example.
Do you see any of this in Connecticut? Public sector unions whose power should be questioned, higher state spending, much higher taxes, more local unfunded mandates and also a Democratic party which shows absolutely no values, leadership, or abilities to govern. I do not see a powerful Governor who is willing to make decisions which will move his state forward with a stronger economy and economic growth for the future. A state which leads by economic illiteracy is what we have instead.
What leadership? I see none in Connecticut.

More Of The Same

Hartford is just more of the same. Where is the new economic thought? Where are the economic dynamics to transform Connecticut's economy into a robust and vibrant entity? Where are the cuts to state spending? Where are the lessening of state regulations and laws which negate economic growth and prosperity in our economy? Where is the leadership economically?
In my economic opinion all I can see is more of the same, excessively high spending with now even higher taxes on everything purchased plus some new tolls thrown in. Why? What does the Malloy plan create and prove? More of the same. More of our best and brightest moving out. More of our business and industry moving out. More special interest lobbying groups dictating to taxpayers what they can and can not have. More social welfare spending which does nothing to empower those in our economy. More stale rhetoric by misguided economically illiterate paid professional politicians in Hartford.

The Confusion Of Higher Taxes In Connecticut

Politicians seemed to be confused by higher taxes. As being non productive members of our economy and society, politicians especially here in Connecticut, believe that higher taxes solve all problems. Their confusion stems from the fact that they are part of the larger problem in our state economy, they produce and contribute virtually nothing to our well being and economic growth to our economy. They instead entrap and trick our productive members of our economy to be enslaved in a quasi sociological-political-economic-legal system which does little to empower those who have less and takes away from those who are productive. Those who are productive work hard for a living, developing productivity to make the economy run and pay an excessive amount of taxes to support an out-of-balance state government which elevates those who work for it with massive salaries and benefits. These same salaries and benefits are earned by a minority of the population of our state. Approximately 100,000 full and part time workers in a state of 3,500,00 people. You can do the math, .028% of the population. Thus .028% are allowed to dictate what the other 97.2% can and can not have. Is there excess and waste in this area? Those who have less or are poor in political terms enjoy many free things granted by these same ruling politicians and are paid for by those who are productive in our state economy. They have little if any incentive to end these freebies granted to them by our non productive politicians because votes can be bought in this manner legally.
Thus we have a continuing dilemma, how to keep this small ruling political and union elite in power in Hartford and paid for by those who are productive. How we can tax them even more to keep unions comfortable and the Super Democratic Majority unaccountable for their poor and disgusting actions. It is almost the same scenario that we had when we broke away from England in 1776, taxation without representation. In my economic opinion there is a great deal of confusion to higher taxes in Connecticut.

So What Else Can We Tax?

I am curious as to what else we can tax in Connecticut? Our economy apparently will be stimulated by increasing state spending by 2.4% and by increasing taxes by $1.5 billion dollars. And our Governor feels we are going to be more competitive with these increased taxes than New Jersey which is actually attempting to reign in spending, taxes and public sector unions. Thus the Democratic Super Majority in Hartford wants us to believe that both higher taxes and higher spending will cure Connecticut's economic ills (not that it has for the past 20 years). It is this disconnect of economic reality which continues to be endorsed by the Democratic Super Majority and by the state media.
Let me be blunt, this tax and spend program by our new Governor fails any economic test and fails to do anything for our economy other than worsen it. It is a typical liberal misguided and ill conceived tax program which will further erode our state economy and continue to create more economic discontent. All for the sake of a continuing failed liberal social program that does nothing for our state.
So Mr. Malloy keep taxing and spending, the end result will be yet another economic debacle solely of your making and of your blame.

Can We Have Leadership? Can We Have...?

Can we have leadership? Can we have a Christie type in Hartford that can actually govern this state out of its fiscal debacle? Can we have compromise? Can we have lower taxes? Can we have private sector job growth and creation? Can we have realistic cuts in state spending? Can we have elimination of agencies which do nothing for the betterment of the state? Can we no longer have corruption and nepotism in state government? Can we see some signs of a stronger, actual two party system exist when election time nears? Can we have a balance of ideas in the state legislature? Can we have a full audit of productivity of all state governmental programs? Can we have a full accounting audit of all state governmental programs? Can we eliminate in state tuition for illegal immigrants? Can we ever have a functional government not run by special interest groups or lobbyists in Hartford?
Why are we not ashamed of what exists as so called government in Hartford? It truly disgusts me especially with the Malloy budget proposal. And when will the economic debacle end?

Vote Today For Len Suzio For State Senator

Today please vote for Len Suzio in the 13th State Senatorial District. He is a hard working individual who is ethical and he is what is needed to represent this district.
He believes in cutting spending and not raising taxes, a philosophy lost by the Democratic Super Majority in Hartford. His talents in Hartford are essential if we are going to get Connecticut working again and make our state once again vibrant economically.
Poor government has gone on for too long in Connecticut. The current budget debacle is proof once again of the lack of economic reality that exists there.
Vote today to elect Len Suzio for the 13th State Senatorial District. Vote for Mr.Suzio. He will not disgrace taxpayers like Mr. Gaffey did.