Brexit and the United States-God Saved The Queen

I have been asked over the week my thoughts on the Brexit situation and how it impacts our country.  I know this is away from my usual opinions on the worsening Connecticut economic debacle and the highly corrupted state political situation however as an economist I feel I should offer thoughts on it.
First in my opinion I feel it is an excellent choice on the part of Britain to regain its independence and economic sovereignty.  I do not believe nor have seen enough economic evidence that the European Union has created such economic prosperity in Europe and for other countries in the world to justify its expense.  Also I do not believe nor have seen enough economic evidence that the Euro currency has created great economic excitement nor economic stimulation for it to continue to thrive as a viable unified currency.  To me all it has done is propped up weaker countries and placed economic strain on stronger countries (like the United Kingdom).
Secondly the issue of radical terrorism has expanded in the European Union due to open borders and unlimited immigration policies that have been able to allow and nurture terrorism cells especially in France and Belgium.  Europe is far less safe than what it was in 1990.  The European Union liberal drum roll of being politically correct when it comes to immigration and radical terrorism/lack of profiling has created an unsafe and highly dangerous situation for both Europe and the United States.  The citizens of England had enough and chose freedom and  sovereignty as a nation. 
To me all the European Union has evolved in is a bureaucratic liberal experimental think tank that has no checks and balances in it.  They wish to force feed the Union with failed liberal social and economic experiments. 
England in my opinion now will prosper economically and terrorists will have a much more difficult time in their operations in the United Kingdom.  The fear mongering manipulations of our financial markets here in our country make little sense to me economically.  Why the stock market dropped the way it did on Friday proves that fear when properly placed in the media allows for financial/stock swings to beat up the small investors in the market while allowing for massive profits for the stock shorting gamblers and large institutional investors to gain.  There should be no fear over this exit.
Former British Prime Minister Margaret Thatcher summed up the issues of the European Union in her famous quote "What we should grasp, however, from the lessons of European history is that, first, there is nothing necessarily benevolent about programmes of European integration; second, the desire to achieve grand utopian plans often poses a grave threat to freedom; and third, European unity has been tried before, and the outcome was far from happy." -- Margaret Thatcher   margaretthatcher.tv
 God saved The Queen this past week and God saved England.  Can God save America next?

Connecticut The Corrupted State

A constitution defined:  is a a body of fundamental principles or established precedents according to which a state or other organization is acknowledged to be governed.
In my opinion Connecticut has no constitution.  It has no principles or precedents governing.  It has corrupted leadership and elected officials. 
With Connecticut's Omnipotent One Party Rule fully entrenched the constitution be it with regards to a legally binding state constitutional spending cap or with the total disregard for Connecticut's Clean Election Law is ignored. 
It is without question this weeks corrupted agreement between the Connecticut Democrat Party and in particular with Governor Malloy and the State Elections Enforcement Commission was done in secret with no one being allowed to be interviewed by the Commission.  Mr. Malloy and his Connecticut Democrat Party were in  clear violation of House Bill No. 850-Public Act No. 13-60 (which I urge Connecticut Democrats to reread and to comprehend what laws campaign financing should be followed).  Malloy made expenditures well in excess of what this law allows in his mailings in the last election.  It can not be denied nor was it actually investigated by the State Elections Enforcement Commission (which to me now is another tool of the Connecticut Democrat Party).  Should taxpayers and voters expect anything different?
And the question that also needs to be asked is why taxpayers are paying taxes to support such a corrupted regime in Hartford?   If the Constitution is non existent what rule of law are we following in Connecticut?  Thus why are we paying taxes?
Connecticut should be referred to at all times as the "Corrupted State"  I would hope in the next legislative session after more items are taken off budget illegally, more taxes were raised and new taxes implemented, more secret hiring of politically connected Democrats occur, no discussion on most laws or the budget take place that some legislator brings up a law to change the official state nickname to "Connecticut-The Corrupted State".  At the same a new law could also be passed to tax anyone moving out of the state.  An exit tax-a fitting tribute to the cancer that has engulfed our state-the Connecticut Democrat Party.
It is time to take back Connecticut in November.

Connecticut and Its Economic Decline

It is evident that Connecticut is in and has been in an economic decline for many years now.  Since the passage of the Weicker state income tax that was supposed to solve all of Connecticut's problems we still see an economic decline.  For many years now, over and over again.  An economic decline that is far reaching from young and old citizens moving out of state along with many businesses and industries heading elsewhere.  An economic decline that encourages constant non productivity through a political elite ruling class that is embellished with high salaries, benefits and pensions while penalizing those who actually produce and earn their income through yet even new and higher taxes on their wages.  An economic decline that chooses to tax literally anything and everything in a never ending quest for more revenue to constantly satisfy the same political elite ruling class that has helped to bring Connecticut to economic ruin.  An economic decline as viewed by millions of taxpayers dollars being spent on a Hartford baseball stadium that can not be finished nor generate any income in the near future.  An economic decline in which the Governor picks who wins and who loses through taxpayer funded corporate welfare cash given to businesses who donate to his ruling party.
The list is endless in the chronic economic lie that the Connecticut Democrat Party and Dan Malloy have force fed taxpayers for years now.  More and higher taxes continue to bring Connecticut to its economic knees. 
And many of these same Democrats are running for re-election in November for their golden House and Senate seats.  Why?  To further Connecticut's economic decline?  To pad their pensions and benefits?
Think about the continuing economic decline of our state when you vote in November.  If you still live here.  It is time to take back Connecticut. 

Dan Malloy’s Governing Delusions

Dan Malloy as Governor of Connecticut has done an excellent job of grinding Connecticut into the ground since he has taken office in 2011.  It has been a long six years with his debacle of his second term not ending until 2018.  And it seems to most taxpayers in the state that if anything goes wrong it is easy to blame the Republicans for it.

It is too bad that Dan Malloy does not believe in either telling the truth nor accepting responsibility for the mess he has turned Connecticut into.  He accepts no responsibility for higher taxes, business and taxpayers moving out of state in droves nor his reelection campaign lies that there were no deficits in the state budget.

This is the record that the Connecticut Democrat Party is running on to continue their unyielding grip and control on the state House and Senate.  How does this party have any credibility with the taxpayers and voters of Connecticut is beyond me.  And it is also beyond many of the voters of Connecticut.  And many of the voters in Connecticut will be for in some cases for the first time in their lives voting Republican to stop the hemorrhaging of their state.

It is time to take back Connecticut from omnipotent one party rule in November.  It is time to force Dan Malloy and his Democrat party into economic reality once and for all.

Armed Forces Day May 21-Let Us Give Thanks to Those Who Serve

Saturday May 21 is Armed Forces Day.  It is a day to reflect and give thanks to all of our Men and Women who serve in our Army, Navy, Air Force, Marines and Coast Guard without ego or fanfare.  It is a time to reflect on all of those who gave their lives to preserve the freedom of our country. 
To me it is a thankless job especially when our national elected officials are ignorant of military and world matters.  America has always been asked to help in times of crisis or natural disaster.  It should be understood that the greatest country in the world is expected to lead in times of need or crisis.  Our country relies upon an all volunteer Armed Forces to help keep peace in our world, help protect our citizens abroad and to allow others the opportunity to live in a free society rather than under a dictatorship/tyrant rule as we still see in 50 countries of our world such as Cuba, Iran and North Korea to name a few.
Freedom is not and has never been free to achieve.  Millions upon millions of people have died in a quest to be free and to remain living free in our world.  Freedom should be taken for granted nor abused by politicians who in many cases are ignorant of their world history of freedom.
Let us rejoice and give thanks to all those who are current serving and have served in our Armed Forces every day of the year not just once a year.  For with out them the likelihood of us being free would be questionable.  Thank you all who have served and are serving our country.

What Is To Like About The Connecticut Democrats Fourth Deficit Budget?

Not much.  In trying to understand as an economist and as a taxpayer a complex $20 billion dollar budget in 48 hours or less, there is not much to like about this budget.  Nor did I like the past Connecticut Democrat Party/Malloy developed deficit ridden budgets.
This budget again lacked any input from the Republicans who represent a large part of the state.
This budget in theory does not raise any taxes however it again puts off the payments of GAAP debt for yet another year.  This only increases the interest payments the state must make in the future.
This budget also takes over more local control from cities and towns by creating in 2018 Regional Education Service Centers that will force cities and towns to consolidate human resources, finance and technology divisions.  This was done with no input from the 169 towns and cities in our state.
This budget has built in deficits in it due to the apparent creation of supposed savings and shifting of budget items around.  If you did this in private business you would probably be arrested for accounting fraud.  This is a well known magic trick of the Connecticut Democrat Party to help continue their economic debacle.  There will be no increased savings nor lack of spending.
This budget caps non union pensions at a mere $125,000 a year.  I am curious as to how many middle class citizens in the state receive this type of pension or any type of pension from their employer?
This budget also satisfies long time Democrat controlled cities by allowing Bridgeport to defer part of their pension payments into the state run pension system for municipal workers for two years  and Middletown receives $2 million dollars more in funding through the implementer rat function of the budget bill.  Political favors given without anyone knowing about it in an implementer bill is known as a rat.  Again in private business this amounts to bribery. 
What is to like about the Connecticut Democrats fourth budget?  Not much.  It is more of the same with the exceptions of cutting some spending.  But there was once again no structural reforms in the way the state does business.  Connecticut still has massive unfunded short and long term debt.  Depending on how one views it it is between $44 billion dollars and $80 billion dollars (figuring in long term benefit and pension obligations).  This economic issue was still not addressed nor will it ever be addressed with the continuing one party rule of the Connecticut Democrat Party.
I do not like this budget.  It is more of the same.  The Economic Armageddon is fast approaching thanks to the Connecticut Democrat Party.

Fourth Connecticut Democrat Budget-Will There Be A Fifth?

Four budgets now here in Connecticut.  Each budget only slightly different than the other.  Each based upon incredible and overly opportunistic projections of tax revenues that never seem to be met due to the decaying Connecticut economy.  Pet projects and political nepotism never being touched.  High level non-productive, highly paid and massive benefit do nothing positions never cut.  Those most in need due to illness and or disability have their programs slashed.  Mandated transportation for school children bus funding is cut.  Hospitals are taxed and are supposed to provide free care for those who have no insurance even though there is socialized health insurance that is supposedly affordable for all.
Thus four budgets have been created with no input, discussion or debate from the Republicans in Hartford who represent believe it or not a large percentage of the remaining Connecticut taxpayers who still live here.  The supposed spirit of bipartisanship is unknown and declared illegal by the Connecticut Democrat Party at times of budget negotiations.
More of the same for Connecticut taxpayers.  More budget deficits, more long term unfunded liabilities, more and higher taxes, more of Hartford's Omnipotent One Party Rule and their continuing economic nightmare.  Will it ever end for Connecticut taxpayers?
I do not think so.  This budget serves up the same economic lies as the last three.  In 2017 we will be reading about the new deficit much the same as the old deficit and the new taxes that are needed to cover it.  We will be reading about how the highest taxpayers of Connecticut are not paying their fair share even though they are moving out of state quickly due to the massive tax burdens they have.  It is the constant replay of the Connecticut Democrat Party's economic nightmare and debacle.  And it has to stop this November with the voting out of office in mass of these same Democrats who have ruined Connecticut beyond economic repair.  Taxpayers can not afford this economic burden placed on them now that they are truly the economic slaves to the Connecticut Democrat Party.
It is time to take back Connecticut in November. 

Continue To Spend Taxpayer Money That Does Not Exist-The Connecticut Democrat Party Plan

I am exhausted.  As a taxpayer I am tired at the end of the week working my three jobs. On my weekends I still must work on the classes that I teach grading papers and answering student questions.  I work seven days a week.  I work so I can pay a never ending state burden since taxes are constantly being raised for those who work for a living in Connecticut.
Connecticut has also a never ending budget deficit that increases on a daily basis.  Yesterday on April 29th it is now $256 million dollars and rising.  The current Democrat Party budget proposal is just as economically illiterate as the last one, in one area the Democrats are adding money they think they will receive from future legal settlements.  Maybe in all of our personal budgets we should add money we can dream about receiving, spend it and not worry about it if the money does not come in.  We as citizens of Connecticut can adopt the Connecticut Democrat Party way of budgeting and never worry about the consequences of it.  I am exhausted reading about this economically irrational way of budgeting that I feel is illegal to actually present to the public.  Remember the ignored Balance Budget Amendment?
Thus we are now looking at a Connecticut Democrat Party two year budget deficit for Fiscal 2016-17, 2017-18 of about $5 billion dollars.  Depending on the way you look at Connecticut's long term funded and unfunded liabilities the range is $60 to $80 billion dollars.  It is nothing new.  However there really is nothing new coming out of Hartford and the Connecticut Democrat Party as far as spending and debt prevention is concerned.
It is time to take back Connecticut in 2016.  It can only be done by voting out of office the do-nothing Democrat State Representatives and Senators and start fresh with a Republican majority in both the State House and Senate.  The time has come to end this misuse and waste of hard earned taxpayers monies each year, year in and year out for the past thirty years.  Connecticut due to the Connecticut Democrat Party has bankrupted the state and its taxpayers.  These irrational economic policies that are force fed to Connecticut taxpayers will only end with a balance in state government ending too many years of Omnipotent One Party Rule in Hartford.
I am exhausted.
It is really time to take back Connecticut.

Connecticut Democrats Fiddle While Connecticut Burns

Another week another budget deficit.
Another week while Connecticut Democrats play the blame game and Connecticut burns.
Burns through more taxpayers monies it does not have.
Throws more people out on the street with real needs while protecting a bloated upper level management salary, benefits and pension system.
The Connecticut Democrats in Hartford remind me of being on an all inclusive cruise ship while it is sinking and they are still sitting at the bar demanding their free drinks.   Even if they sink they still want their freebies, the heck with staying alive.
And another week of finger pointing, layoffs, cuts to cities and towns, rumors of new and higher taxes, on and on and on.  Nothing new, nothing different.
The new economic reality that the Connecticut Democrat Party is facing in the November election will be chilling for them.  A new world awaits them when they campaign and when voters go to the voting booth.  Connecticut in the most simplistic terms is broke and bankrupt.  It has now a never ending monthly budget deficit and a massive amount of long term unfunded debt and liabilities.  It can no longer borrow its way through this mess.  It has come to the end of its road.
The only way Connecticut can reform itself is in November.  It has to vote out of majority the tired and economically illiterate Democrats that have failed to lead the state for years now.  They have lead taxpayers to misery and continue to force them to move out of state for years now.  
The time has come for a change.  Let the Connecticut Democrat sink and go away this November.
Connecticut taxpayers deserve much better.

Malloy's New Budget-Same As the Old One-Tax Increases Now At the Local Level

More of the same.  That is the way the new Malloy Budget could be viewed as.  If you are a unionized Connecticut state employee you can view the budget as the end of your job and possibly your living in Connecticut any more.  The Democrat Governor made sure a great deal of pain would be felt for those most in need of state governmental services like disabled people and those employees who depend upon the state for employment.  Many Republican led cities and towns had a great deal of their allocated education funding monies completely taken away by Malloy in his new budget with those same cities and towns looking at massive property tax hikes. Thus the new budget still does not address any type of structural changes in the way Connecticut runs its salaries, benefits and pensions.  There was no addressing the multiple levels of non productive management found in our state government along with their bloated salaries, benefits and pensions.
Connecticut State Colleges and Universities President Mark E. Ojakian who earns over $332,000 a year plus benefits and an enormous pension (and apparently has never taught in his life) wants to have unpaid leaves as part of his solution to save money.  I have not heard either him or any of his highly paid coworkers state that they will be cutting their pay and benefits to help save money and avoid yet another tuition increase for state students.  I guess he can not deal with a pay cut in his political position nor can his coworkers. 
More of the same.  Malloy states the same thing over and over.  He has lied again.  Taxpayers now will brace themselves for the new local tax increases compliments of the Connecticut Democrat Party.  Nothing changes in Hartford; it is all about the protection of a ruling elitist political class, spending for those politically connected and damned be the Connecticut Taxpayer who has been enslaved to pay for this economic mess.

Why It Is Time To Take Back Connecticut in 2016

It is time to take back Connecticut.

Enough is enough.

Taxpayers have had enough.

Enough of excessive spending for political patronage jobs.

Enough of the crony capitalism of free money given to politically connected business.

Enough of excessive life time benefits and pensions that can no longer be funded.

Enough of excessive and high taxes.

Enough of the discarding of essential services for those who are truly disabled and needy.

Enough of the overpaid and nonteaching Board of Regents.

Enough of the bloated management structure of state government.

Enough of the chronic budget deficits and unrealistic spending.

Enough of the unrelenting and unlimited long term unfunded liabilities of Connecticut.

Enough of the lies of the Connecticut Democrat Party.

It is time to take back Connecticut.

Enough is enough.

Taxpayers have had enough.

It is really time to vote Connecticut Democrats out of office in November.

They show no leadership nor management abilities.

They show no respect for Connecticut Taxpayers.

It is time to take back Connecticut.

Connecticut's Imploding State Government

Layoffs.
Every state union and non union job is at stake.  Every gold lined pension and benefit job is at stake. Unions are at stake.  Everything that Connecticut's political patronage system and state employee unions have worked for over the years that have been extracted out of Connecticut Taxpayers is at stake.
Do the remaining Connecticut Taxpayer's care?  For haven't we been down this road numerous times before at the beginnings of the utopian state income tax in 1991?  The same state income tax that was supposed to give the state financial security forever?  And didn't?
Depending upon your interpretation there are 45,000 full time state employees.  There are as of 2014 46,766 state pension retirees that costs the state in both short term and long term liabilities about $1.6 billion dollars  http://ctsunlight.org/pensions/ 
I do not have an accurate figure of how many part time state employees there are (my guess is at least 10,000 due to part time jobs in education). According to the Legislature’s Office of Fiscal Analysis 1,941 job cuts saves $132.8 million, 2,913 job cuts saves $198.8 million, and 3,879 jobs cuts saves $267.8 million.  However Connecticut has a $1 billion dollar deficit for fiscal 2016-17.  So what else can be cut without raising taxes? The more shocking figure is the actual costs of state pensions and benefits for 46,766 former employees.
Thus how can taxes not be raised?  Will the remaining Connecticut Taxpayers sympathize with the state employee unions who claim high-income taxpayers do not pay enough?  Or will actually notice how many have moved to lower taxed states like Florida, South Carolina and that evil bathroom segregated state of North Carolina?
Layoffs.
Connecticut's state government continues to implode.  The band-aid approach has failed.  Wasted economic resources and tax dollars continue to be seen on a daily basis in our state economy.
Rome did burn many years ago.  Connecticut burns daily to the point of no economic return.  And Dan Malloy is worried about North Carolina?  Dan Malloy should worry about Connecticut maybe once in his never-ending do nothing administration.

Connecticut's Government Economic Implosion Courtesy of the Connecticut Democrat Party And Its Unions

Economic breaking point.  Economic collapse.  Economic debacle.  Choose the words they all describe the current Connecticut government economic implosion.  Our state government has collapsed economically under the burdens of its political manipulation and payoffs/payouts.
State union contracts take precedence over state laws, long term debt and unfunded liabilities are at $80 billion dollars with no end in sight and pick any number for the ever growing yearly budget deficit. 
Now since the state unions are not going to agree to any concessions they will supposedly face layoffs.  However they will not go down without a big rally taking place next weekend that Connecticut's media will be all over.  I truly wonder how much support or economic sympathy they are going to receive from Connecticut Taxpayers at this rally.  For many Connecticut Taxpayers are sickened by the knowledge that state union contracts take precedence over state laws if there is a conflict between the two.  There will be the usual blame game and the unions will state that Connecticut will be brought to its knees if there are any layoffs or cuts to their salaries or benefits.  Really?  I think their arguments will fall on deaf ears today.  Connecticut Taxpayers are seeing the massive costs of state government with their unions and never ending high pay and benefit political management positions.  All producing what?  All costing how much?  All continuing to contribute to the chronic economic downturn of the state.  All for what?  Satisfying the never ending Connecticut Democrat Party tax and spend philosophies that have truly bankrupted Connecticut?  For example look at your Motor Vehicle Department, a symbol of the cronyism and incredible economic inefficiencies of the Connecticut Democrat Party at work with yet a new Commissioner who does not even remember if he has a Masters degree or not.  This is really good government?  This what taxpayers must continue to support?
Voters must look hard at who they vote for this coming November.  They need to look at the economic collapse of this state brought to them courtesy of the Connecticut Democrat Party and its unions.  And they need to vote out the Connecticut Democrat Party in mass once and for all.

UTC’s $400 Million Dollars Or Has Connecticut Lost Its Economic Way

Has Connecticut lost its economic way?

At what economic point can the economic downturn not be righted?

I think we have reached the economic breaking point.

The Malloy Administration and the Connecticut Democrat tax and spend policies have failed yet again.  I find it ironic that the Governor is now withholding legal payments of $140 million dollars to state hospitals and other social service providers for services to the poor because apparently their profits are too high (?). 

At the same time the corporate head of United Technologies Corp. earned $10 million dollars last year in compensation.  UTC received $400 million dollars of Connecticut taxpayer’s monies in 2014.  Some employees of UTC especially executives donate money to the campaigns of the Connecticut Democrat Party on a regular basis.  Thus one must assume there is a direct economic correlation between money donated to the Connecticut Democrat Party and free Connecticut taxpayer money received by that same state corporation.  Yet hospitals are not entitled to the money that they are legally entitled to.  But UTC deserves that $400 million dollars for whatever reason.  $400 million dollars could have paid off the current deficit in 2016 and could put a dent into the never-ending state deficits of the next 100 years.

And we continue to hear the rhetoric of Malloy that somehow this is the entire Republicans fault for his incoherent economic policies that have bankrupted the state.

Here is my suggestion for the state’s economic crisis: ask for the $400 million dollars back from UTC over the next twelve months.  Apply that $400 million dollars to the $80 billion dollars of long term bonds, debt and unfunded liabilities the state has.  Then pass a law to end all forms of corporate welfare payments in Connecticut.

Too radical?  Possibly?  But maybe just maybe taxpayers are sick of the Connecticut Democrat Party tax and spend economic debacle in 2016. 

No More Raises-What Is The Use Of Working?

No more raises.
Not now.
Not in the future.
Never.
Sounds familiar?  Many overtaxed middle class Connecticut taxpayers have not received raises for many years now.  In my case at one college I teach at I received a massive pay cut per class and in the total amount of classes I can teach due to Obamacare.  I recently left one University I taught at for thirty years since I have not gotten a raise in ten years.  Many of the people I talk to and many of my students complain of stagnant wages, no raises for years and continually higher state taxes.  When will it ever end?
Here in deficit ridden Connecticut our Governor has become a fiscal hawk.  After six years of unlimited and unyielding spending with new and higher taxes taxpayers see that Dan Malloy's ultra liberal tax and spend policies have bankrupted the state.  Thus he now changes his policies and rhetoric.  He wants taxpayers to really believe him now that the Connecticut Democrat Party and Dan Malloy are truly concerned about state spending, state taxes and the $80 billion dollars of long term unfunded debt and liabilities that the state will owe forever.  Are Connecticut taxpayers that stupid to believe him?  Or are Connecticut taxpayers fed up with his lies?  Are Connecticut taxpayers really going to believe that it is somehow the minority Republicans fault for this economic debacle when the Democrats have been in control for thirty plus years now?
This new Democrat fiscal policy has exerted its influence with the state labor unions condemning their labor contracts in particular the recently negotiated University of Connecticut labor contract and their amazing raises.  It has said no to raises to many departments.
No more raises.
Not now.
Not in the future.
Never.  Except maybe after the election in November.  Except maybe after the Connecticut Democrat Party claws, fights and lies its way into reelection, keeping control of the legislature for yet another two years condemning the Republicans for even questioning their policies and corrupt way of doing business in the state.  Then after the dust settles they will give retroactive raises to their labor unions and raise taxes yet again.  More of the same for thirty years now.
Connecticut voters and taxpayers need to come to the realization that Hartford's Omnipotent One Party Rule has damaged the state beyond economic repair.  We really need a balance in government.  If we do not get it Connecticut taxpayers need to ask themselves-what really is the use of working to support the Connecticut Democrat Party and its failed economic policies?

Welcome To The Weekly Connecticut Democrat Budget Crisis

Welcome to the weekly Connecticut budget deficit crisis.  Round and round the budget deficit goes where it will stop the Connecticut Democrat Party will never know.  Or care either.  With each passing week Connecticut seems to be having yet even higher and higher projected budget deficits.  The new deficit clocks in for fiscal 2017 at a mere $900 million dollars while for the current year to me it is any ones guess.  I will point out yet again Connecticut's long term debt as viewed through both short and long term bonding along with unfunded long term liabilities stands at $70 to $80 billion dollars in my best guess opinion (since the figures seems to be secret from the state).
Thus Hartford's Omnipotent One Party Rule has now run out of options.  Connecticut due to thirty years of unchecked and imbalanced Democrat rule is broke.  It has no more areas to tax, no more taxes it can raise, no areas of political nepotism and patronage to cut,  nor any more new jobs being created, nor any more new businesses moving into the state and lastly any more new higher income citizens coming into the state.  The Connecticut Democrat Party has raped and pillaged the state of its economic vibrancy to the point of no return for their own personal political gain.  And yet they will somehow spin this latest economic debacle upon a somehow "obstructionist" Republican party that has been completely shut out for years in the actual budgetary process.
It is the constant Democrat lie here in Connecticut.  A Democrat party that has lost its credibility with both the taxpayers and voters with its spins and lies about the budget.  With its spins and lies about its political appointments.  With its spins and lies about economic development.  With its spins and lies about taxes.  With its spins and lies about revenue.  With its spins and lies on spending.  And it seems that the Republican party only now is allowed for their opinions to be voiced in the media.  And only now will Republicans be allowed at the budget negotiation table.  When it is too late?  So that the Republicans will be somehow blamed for this mess?
What is the economic solution?  There are many solutions however they are not politically correct for Connecticut Democrats.  There needs to be a serious cut in the never ending levels of middle and upper level state employee managers and commissioners who receive massive levels of salaries, benefits and pensions for what amounts to do nothing jobs.  There needs to be an end to pensions that can be escalated with unlimited amounts of overtime.  There needs to be an end to lifetime paid for medical benefits for former employees.  There needs to be an end to the unlimited corporate welfare to politically correct companies in the state.
And that is only the beginning of what can be cut.
But these are hard political choices.  In my opinion much too hard to be made by Hartford's Omnipotent One Party Rule.  Too many of Hartford's Omnipotent One Party Rule would be forced to make do with less just like Connecticut taxpayer's have been doing for years now.
Connecticut is broke.  And will be forgotten economically.  Thanks to Hartford's Omnipotent One Party Rule.

Connecticut's Budget-More Of The Same Rhetoric

Connecticut has many economic problems.  Connecticut in my opinion also has a leadership problem.  Connecticut seems to have the same problems year in and year out.  Just change the date and you will hear that businesses are moving out of the state, taxes need to be raised, young people are moving out of the state, there is never enough money for social welfare programs and services, union wages and benefits are too low they can never be cut, non-union management wages and benefits are too low they can never be cut, no programs can be cut because it will cause too many issues and that wealthy Connecticut residents do not, will not and never have paid enough in taxes.
Does this sound familiar?
It should because it has been the same rhetoric we have heard since the Utopian state income tax was passed in 1991.  I will point out also that since this time the Democrat Party has controlled both state legislature governing bodies.  I will also point out that state spending has grown by leaps and bounds since 1991.  In my opinion our state government has ceased being a democracy as Hartford's Omnipotent One Party Rule has eliminated any minority representation nor say in state government in this time frame.   Thus the Connecticut Democrat Party rules ineffectively year in and year out.  The Democrats fail to address year in and year out their bloated political patronage spoils system that benefits only the elite few who either contribute heavily to their party and or are politically connected enough to benefit from a lifetime of taxpayer paid for salaries, benefits and pensions.  That is really what matters for the Connecticut Democrat Party.  No laws or rules of our State Constitution exist for them nor do they need to follow them either.
So it is now 2016.  And Connecticut is bankrupt with billion dollar plus deficits and, at least, $70 to $80 billion dollars in long term unfunded debt and liabilities.  And the process starts again as Connecticut Democrats blame a lack of revenues (even though we are third highest taxed state in the country), Connecticut  Republicans are blamed for being obstructionists, and higher taxes will yet again solve all of the states problems.
Rhetoric.  A lack of leadership.  Massive economic problems.  The Connecticut Democrat Party is responsible for the economic dismantling of this state.  They are to blame.  And they still can not see out of their kingdom of spoils the destruction and ruin they have inflicted upon the remaining taxpayers of the state.   We really need to overhaul Connecticut and its non-functioning and non- preforming government once and for all.  But it may be too late.

Malloy's Brave New World

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Connecticut’s sometime Governor Dan Malloy manipulates his office well.  In his new re branding as an austerity minded, fiscal conservative Governor in his latest State of the State speech he energized the Republican party and got his Democrat party upset.  Apparently if taxpayers are to believe him they will see a dawn of fiscal conservatism never felt in the state before.  And only he as Governor given full fiscal power can address the massive budget deficits that seem to continue and that he has created since he has taken office.

Taxpayers may wondering some of the following thoughts:

Where were the Republicans during the last four years of budget negotiations-were they not allowed to negotiate by the Democrats?

Hasn’t all budget debate been cut off by the Democrats in both the House and Senate every year?

What happened to roughly $5 billion dollars of tax increases that Malloy has created, the same tax increases that were supposed to balance the budget?

What happened to GE?

Why does Connecticut continue to have a net migration out of the state each year since Malloy has taken office?

For some media members to declare that Malloy has taken changed the political dynamics in state is absurd.  Malloy and Hartford’s Omnipotent One Party Rule continue to care less about state taxpayers.  Their concern is to continue the political patronage system that allows them to reward member of the Democrat party in high paying positions with massive salaries, pensions and benefits.  Was there any mention of cutting Judges pensions of $100,000 a year?  Was there any mention of an across the board pay cut for all state commissioners?  Was there any talks of cutting back the massive amounts of bonding that takes place yearly for political pet projects?  Of course not.  But there will be cuts to those physically and mentally disabled because that can hurt the most and get the most political press.

Thus it is more of the same, I am sure after months of supposed negotiations nothing will happen, taxes will be raised and somehow the Republicans will continue to condemned as obstructionists by all even though they are the minority party who are not allowed to represent the people who voted them into office.

More of the same, Malloy is a political chameleon whose only concern is his political career and reward.  It is too late to change the debacle created by him and his party.

Connecticut's Budget Cuts-Make Them Hurt

Here it comes.  Hartford’s Omnipotent One Party Rule budget cuts.  The cuts are apparently going to hurt.  Hurt probably those that need the help the most.  And that is the way that the Connecticut Democrat Party looks at those budget cuts.

The budget cuts I am sure will protect those upper level salaried Managers/Commissioners and the benefits/pensions they will receive forever after they leave work.

All this after our Governor lied to get reelected and tell us that there was no budget deficit.  But Connecticut is entrapped with massive budget deficits and long-term debt.  Our elected officials can’t even agree upon the debt amount.  It is more of the lies of Hartford’s Omnipotent One Party Rule at work.

Wouldn’t it be helpful if all state Managers/Commissioners take a pay cut to show they have some “skin” in the game they profit from?  Or end the massive amount of political patronage jobs that roll on year in and year out?  Possibly not giving Judges full pensions after three years of work?  The list can be endless in cuts in the never-ending spoils system that our state government operates under.

But we know it will not happen under the Malloy regime. 

Budget cuts-make sure you hurt those that need the help the most.  Make your political point that the Connecticut Democrat Party is in charge and rules with an iron hand.  To me it is what Socialism is all about-Connecticut Democrats Socialism in 2016.

What Does Connecticut Do Now? Welcome To The New Connecticut.

What does Connecticut do now?
Population loss.
Excessive and high local and state taxes.
Budget deficits, low reserves and massive long term debt.
Years of one party rule.
Welcome to the new Connecticut.
Pretty much the same as the old Connecticut for the past twenty six years.
Since the Weicker Administrations State Income Tax,  the state budget, state spending, budget deficits, state taxes of all sorts, long term debt, state employee salaries, state employee benefits/pensions, state management salaries, state management benefits/pensions have grown dramatically with really no end in sight.  State government employment is a tool for political favors and political patronage.  If you are incompetent but are a Democrat you can be a State Commissioner.  If you have no experience in a particular field but are a Democrat you can have a high paying job in state government without any testing or experience.  Thus if you are a Connecticut Democrat and have political connections you are in.  It is simple as that.
It has contributed to the economic turmoil that continues in the state unabated.
It has contributed to the mass migration out of Connecticut.
Thus what does Connecticut do now?
If you are a Connecticut Democrat-nothing your reward is the current corrupted spoils system.
And really nothing can change that in the foreseeable future.
Connecticut Democrats continue to lie to taxpayers.  They can twist any situation to their political advantage with no ethics or morals involved.  The state media is worthless as it just puppets what the Connecticut Democrats want them to say.
What does Connecticut do now?
Welcome to the new Connecticut.