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Drowning in debt, Connecticut faces budget crunch
Reuters ^
| August 23, 2017 | 7:28 AM
| Hillary Russ
Posted on 08/23/2017 5:59:04 PM PDT by Olog-hai
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1
posted on
08/23/2017 5:59:04 PM PDT
by
Olog-hai
To: Olog-hai
To: Olog-hai
Unions and illegals burying the Nutmeg State.
3
posted on
08/23/2017 6:05:07 PM PDT
by
montag813
(ue)
To: Olog-hai
Could pull a California and issue “Chit-mans” in lieu of cash/checks.
4
posted on
08/23/2017 6:05:29 PM PDT
by
RetiredTexasVet
(Start using cash and checks or the elite class and bankers will make "cashless" the norm.)
To: Extremely Extreme Extremist
Raise taxes on David Letterman.
5
posted on
08/23/2017 6:06:18 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ....)
To: Olog-hai
It’s always education, police, fire, emergency services that are always cut first right after politicians give themselves a raise after new taxes to balance the budget (read: pensions, medical for politicians, etc etc).
6
posted on
08/23/2017 6:08:11 PM PDT
by
SkyDancer
(There Are Three Great Ways To Perfect Landings - Unfortunately We Pilots Don't Know Them.)
To: Olog-hai
Another dimoKKKRAT paradise in the making.
To: SaveFerris
Funny you should mention that. New Jersey found itself in a bizarre situation last year over something like this. The state relies so heavily on tax revenue from very wealthy taxpayers that the state legislature had to pass a mid-year adjustment to the state budget after one taxpayer moved out of the state. The guy's name is David Tepper, and he's a major hedge fund manager who moved to Florida where there is no income tax. I've seen estimates that for his last year in New Jersey he paid in excess of $100M in state income taxes alone.
8
posted on
08/23/2017 6:13:00 PM PDT
by
Alberta's Child
("I was elected to represent the citizens of Pittsburgh, not Paris." -- President Trump, 6/1/2017)
To: Olog-hai
Let's look at how Connecticut is faring after tax increases in 2010, 2012, and 2016.
Several thousand tax filers in the state have adjusted gross incomes of more than $1 million a year, and they account for about a third of all income tax receipts.
About $200 million of the drop in receipts came from the states closely watched top 100 earners, who are the source of an outsize proportion of the states revenue, the WSJ reports.
9
posted on
08/23/2017 6:13:19 PM PDT
by
DoodleBob
To: Olog-hai
And to think that Malloy was touted by Obama as a paragon of state administration!
Connecticut is beautiful but its very high taxes, casinos, voter fraud, rampant unemployment, sanctuary cities and strict gun laws are having their effect: bankrupt on all fronts.
To: Olog-hai
I suggest that they push harder Left. Maybe it would help.
11
posted on
08/23/2017 6:14:30 PM PDT
by
ClearCase_guy
(Islam: You have to just love a "religion" based on rape and sex slavery.)
To: Alberta's Child
I imagine old Letterman boy would move real quick, too.
12
posted on
08/23/2017 6:15:46 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ....)
To: Extremely Extreme Extremist
Yes. Raise taxes on everyone and everything in a section south of Torrington that begins with West Hartford, and everything west of Bridgeport.
13
posted on
08/23/2017 6:16:30 PM PDT
by
CTyank
To: Olog-hai
Do an Illinois and issue higher interest bonds, increase spending, and increase taxes.
It always works.
14
posted on
08/23/2017 6:16:44 PM PDT
by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: Extremely Extreme Extremist
Raise taxes, duh. Yep. And more gun control. And no more gasoline or diesel vehicles. That ought to do it.
To: Billthedrill
You guys left out bringing in 20,000 unvetted refugees from the Middle East.
Plus a special tariff on soda over 8 oz.
16
posted on
08/23/2017 6:23:00 PM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ....)
To: Olog-hai
CT was counting on a Hilmama bailout. Oh well.
Democrats have run the state for decades and can’t manage a balanced budget.
Just raise the income tax! Lowell Weicker forced it on the state.
17
posted on
08/23/2017 6:23:48 PM PDT
by
goldstategop
((In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever))
To: Olog-hai
Never underestimate the sneakiness of Democrat politicians and government employees.
18
posted on
08/23/2017 6:26:25 PM PDT
by
blueunicorn6
("A crack shot and a good dancer")
To: Olog-hai
All these financial institutions in CT should have told the Democrat politicians that if you spent much more than you take in, you will go broke. They were probably counting on a bailout from Hillary to save them. Wrong.
19
posted on
08/23/2017 6:29:46 PM PDT
by
txrefugee
(.)
To: Olog-hai
They just need more diversity, send them some more illegal aliens, they seem to like them.
20
posted on
08/23/2017 6:30:42 PM PDT
by
Lurkinanloomin
(Natural Born Citizen Means Born Here Of Citizen Parents - Know Islam, No Peace -No Islam, Know Peace)
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