Posted on 02/26/2017 10:12:15 PM PST by RC one
Connecticut – led by a Democrat legislature and governor and represented by an entirely Democrat congressional delegation – ranks as dead last among the states, owing largely to its massive debt obligations and unfunded liabilities.
According to Mercatus, Connecticut’s fiscal state is “poor across all categories,” which cover cash, budget, long-term, citizen service-level, and trust fund solvency.
The study finds:
On the basis of its fiscal solvency in five separate categories, Connecticut ranks 50th among the US states and Puerto Rico for its fiscal health. Connecticut’s fiscal position is poor across all categories. With between only 0.46 and 1.19 times the cash needed to cover short-term liabilities, Connecticut’s revenues matched only 94 percent of expenses, producing a deficit of $505 per capita. The state is heavily reliant on debt to finance its spending. With a negative net asset ratio of −0.88 and liabilities exceeding assets by 34 percent, per capita debt is $9,077. Total debt is $20.88 billion. Unfunded pensions are $83.31 billion on a guaranteed-to-be-paid basis, and other postemployment benefits (OPEB) are $19.53 billion. Total liabilities are equal to 53 percent of total state personal income
Under Gov. Dannel Malloy (D-WFP), the state has seen massive tax increases and exits by swarms of businesses. In 2014, a Gallup poll found that about half of the residents of Connecticut polled said that, if given the chance, they would move out of the state.
(Excerpt) Read more at breitbart.com ...
Folks will just do what they did in Detroit (and even in TX, during the oil bust of the ‘80’s).....just walk away from their mortgage.
That will destroy the neighborhoods/values as fast as this idiotic Gov is doing.
To hear the emperor talk...he inherited the mess...EVERYthing is someone else s fault.
As absurd as Juan Williams claiming, the other day, that Trump inherited 0zika’s ‘improved economy’.
The leftists truly live in LaLa Land....24/7.
Precisely. And they SPEND, SPEND, SPEND...and wonder why we are in debt.
The fix. Raise taxes.
And a tax on paper and plastic bags is being discussed. That will solve the problem. /s
Not all of us voted for him. Both times they got a extension of voting hours in rig deport then Hartford. Somehow after that he won. Strange.
Dannel Malloy lies about the governor M. Jodi Rell 2004–2011. Rell supported the state's constitutional spending cap resisting pressure from groups favoring expanded state government spending which would bypass the cap. As a result, in late June 2006 the state reported a $910 million surplus for the prior year and the state's Rainy Day Fund exceeded $1 billion in deposits for the first time. https://en.wikipedia.org/wiki/Jodi_Rell
What happened to all of that money?
This is SO true. Further, the Mayor of Bridgeport did a walking photo-op with Malloy in the street, and they laughed about how they could always “find a box of missing ballots” in a pinch. They joked about blatant voter fraud and fixing an election in front of media cameras and nobody cared. Sick.
Malloy is also an anti-2nd Amendment zealot. He jammed his detachable magazine restrictions through, as well as requiring a license just to purchase ammo. Now he wants a huge fee increase on acquiring CCW permits. This in the home of Remington, Mossberg, Ruger, Colt, etc. My home is dying.
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