Posted on 07/28/2018 5:46:31 PM PDT by george76
Not a problem.
Simply sue the rating agency.
The suburban/rural areas of the state are actually very nice. However, the taxes are enormous in order to fund all the welfare blight in the cities.
Thanks for posting. Interesting.
They are borrowing money to pay for past debt and the service costs of that debt. Any business that did that would be considered functionality bankrupt and pretty soon legally so.
A government can borrow money to pay for a capital item that will have a life span longer than the debt, like a road or wastewater plant. That’s actually fiscally prudent. Borrowing money to pay for operations is lunacy.
Malloy will fix it up. He’ll just raise taxes more.
Sanctuary City?
Solution: tax Yale
He’s not running for re-election. So a chance to get a Republican governor (almost happened last time).
A tax & spend death spiral city in a tax and spend death spiral state. And this downgrade comes on the heels of Mayor Harp raising already punishing local property taxes another 11%. There is hardly any middle class left in New Haven. What you have are few restaurants & bars, Yale University, and ghetto squalor. The historic New Haven green is off limits to anyone but drug addicts and drunks.
New Haven. Another democrat led city run into the ground.
Fingers crossed. CT is really a beautiful state.
I really like the idea of suing the rating agencies.
As an alternative, how about electing some Republicans.
These include a budget imbalance in the education department
Sanctuary policies are cost drivers despite what Nancy Pelosey might say. Educating all the disparate children of illegals and meeting mandates is nearly insurmountable. Section 8 public housing is not taxed, EBT and welfare benefits are expensive, these things are bottomless holes/ Bankruptcy is next.
Won’t be the first time New Haven has suffered and economic downturn.
Thomas Jefferson’s trade embargo with Europe decimated the city.
Connecticut pension system worst in the nation, according to new study
Is this the state that is unhappy with having too many white folks and wants to import more colorful people?
Have Yale send out emails asking for cash!
This state was wrecked by the mafia.
Born and raised in Waterbury 1967 left in 1988 and never turned back.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.