Connecticut, home to great wealth, may be sinking into a fiscal mire

Fox News ^ | 5/26/2017 | Elizabeth Liorente

[American in Israel]

Democrats are termites. They undermine the foundation and eat you out of house and home

[lurk]

No prob. Just raise taxes on everything.

[I want the USA back]

Democrats have ruined it. They take money from the productive ones and give it to slackers. So the producers leave and the parasites stream in.

[Vendome]

Eat the rich...

[catnipman]

“Connecticut would need more than $20,000 from each of its taxpayers to pay all of its bills.”

And that number rises on a weekly basis as the net outflow of taxpayers and employers continues and government spending increases.

Typical financial death spiral of Democrat administrations.

[Carriage Hill]

Kloward & Piven are smiling...

[Early2Rise]

Four years ago Jim Powell at Cato wrote a similar article for Forbes: https://www.forbes.com/sites/jimpowell/2013/08/01/how-did-rich-connecticut-morph-into-one-of-americas-worst-performing-economies/#e0b81e03af5

The Cato Institute gives Connecticut Governor Dannel P. Malloy an F grade for his economic policies that throttle investors and entrepreneurs. Malloy “creates a more hostile climate for business, but then tries to compensate for the damage with tax incentives.”

[Svartalfiar]

$5 BILLION! California only has a deficit of $1.8 billion. The productive members of CT need to flee....NOW. Tonight. Call American Van Lines or UHaul right now. Jeez.

$5B over two years, while CA's $2B is only a single year deficit. Also, CA has a ton of debt built up from 2010s when they had a deficit of $26B, $10B, etc.