Saturday, June 5, 2010

Rating Cut by Fitch on Wealthiest U.S. State

Connecticut is preparing to borrow $956 million to close a budget gap in the fiscal year beginning July 1, after borrowing money last year to cover a deficit of $947.6 million. Not good. Fitch has reduced the states credit rating from AA+ to AA.

“The downgrade reflects the state’s reduced financial flexibility, illustrated by its reliance on sizable debt issuances during the current biennium to close operating gaps in the context of already high liabilities,” Fitch said.

Connecticut is the wealthiest state on a per capita basis with personal income of $54,397 in 2009, according to Department of Commerce.

403 comments:

  1. Welcome to the future. That's what's coming for the United States as long as we continue to run trillion dollar plus deficits.

    ReplyDelete
  2. Simple solution, idiots. Spend less than you have. Of course, isn't Connecticut where Bernie Sanders and Joe Lieberman are U.S. senators? It must be that the concept doesn't reside anywhere in the state.

    ReplyDelete
  3. obama should see that connecticut is in desparate need of higher taxes to spread their wealth around

    ReplyDelete
  4. Peter Schiff for Senate. He'll fix the damn hole.

    ReplyDelete
  5. Typical American state spending beyond its means and the means of its residents. Quite a tough thing to accomplish given CT is the nation's wealthiest state. The solution is pretty obvious. Stop spending so much money.

    ReplyDelete
  6. Montgomery ScottJune 5, 2010 at 1:34 PM

    The wealthiest state per capita has obviously chosen to elect public officials who cannot use common sense and fiscal restraint, passing publicly-funded mandates that have driven the state into a black hole of debt.
    The relationship between the wealthy (per capita) and 'intelligence quotients' is obviously overrated.
    THIS, by the way, is the state that brought us Christopher Dodd...

    ReplyDelete
  7. The real shame is that we pissed away a trillion dollars of "stimulus" money on cronyism and political paybacks, when we should have used that same money to cut taxes on businesses and entrepreneurs! From the state level to the federal level, the government canNOT allocate capital more efficiently than the market.

    I hope people wake up to this fact before we've destroyed this country.

    ReplyDelete
  8. the problem is the politicians DONT CARE.
    Unless there is some real fallout from this they will just keep doing it.

    ReplyDelete
  9. Can't they just buy a printing press too?

    ReplyDelete
  10. I live in CT and the problem is our state is filled with moochers on one side and elitists on the other...New York liberals who have moved their families to the 'country'. Our liberal state senate takes every opportunity to block efforts to make cuts in favor of ever increasing spending and taxes. As always, the middle class is caught in between. And they keep getting reelected. The only option is to move out of the state, and that looks better every day.

    ReplyDelete
  11. Another form of deficit spending. I don't know why it's so hard for liberals to practice financial responsibility.

    ReplyDelete
  12. it's impossible for a government to spend less with so many dependent on handouts: social security, medicaid, medicare, public school, earned income credit, food stamps...

    Over 85% of the public is incapable(or unwilling) of paying their own way. For any state or federal budget, the discretionary items total less than 5%.

    The skillful politicians give money to those that vote for them (it's like mass bribery), and they don't mind that congressional pay raises and pork projects (total of 0.03% of the federal budget) get so much attention.

    ReplyDelete
  13. the federal government should print another two trillion and bail out all the states.

    ReplyDelete
  14. Im astounded that Peter Schiff has gotten no traction whatsoever. He actually could fix Connecticut and the country. Instead the contest is between a termagant and a liar. Ain't democracy wonderful?

    ReplyDelete
  15. USA = Greece Part II. It's just a matter of time.

    ReplyDelete
  16. If I were to spend $5000 more every month, then I bring in, I wonder if my credit rating would go down as fast?

    ReplyDelete
  17. Another simple solution: stop electing liberals and democrats in the Northeast!!!!

    ReplyDelete
  18. The solution is even more simple than not electing liberals...Make sure that every elitist liberals who votes for liberals is mandated to have at least 3 illegal Mexicans living in their nice home in Stanford, Wallingford, and other nice town.... they will do your cooking and cleaning and gardening and they can all bun k in the guest room...just like back home in Chihuahua...then your taxes wil go down, no more public housing!!! simple.

    ReplyDelete
  19. Honestly, the faster they bankrupt their taxpayers the better. I do not hear Connecticut residents kicking and screaming yet, therefore, tax them more. That said, I must say at least they did not go to the Feds and beg for a bailout, with every taxpaying American forced to support the State's insatiable appetite for tax and spend.

    ReplyDelete
  20. Borrowing to cover deficits. Yeah, we did that here in California with great success till no one would lend us more money. Now if only we could turn our southern border into a series of toll roads, we can start spending again.

    ReplyDelete
  21. Nobody wants to cut down on services. The state gov't and probably the federal gov't gives managers no incentive to cut back expenditures. They know that if they don't spend their entire budget in one fiscal year, they can't ask for more in the next. The gov't needs to be run like a business. Eye on the bottom line.

    ReplyDelete
  22. Every time we borrow Wall Street gets richer. I don't see why people get so upset about all of their bonuses, when our State is the one begging them to finance our debt.

    ReplyDelete
  23. Shocked!!!! It seems to be so well run and managed from their 'hard working (taxing) and honest governor, senators. and congressional people let alone the thieving bastards that comprise all the local governments. Conn. is one of those states we rush through without stopping for even gas to get to our summer home in Maine. Please elect the lying veteran democrat for senate. The people deserve it and him. More liberals and fake independents please....

    ReplyDelete
  24. HAD ENOUGH YET?

    Last chance to save this country will be in November!

    ReplyDelete
  25. We'll be moving pretty quick. CT is terminally liberal and getting what it deserves.Good luck with the phony soldier as your next senator for life and why on earth is screeching moonbat Ned Lamont in the running for governor?

    ReplyDelete
  26. Schiff for Senate 2010!!!

    ReplyDelete
  27. Losing Hope and the people have nothing left to spend but change.............. The Independent Voter

    The problem with socialism is that sooner or later you run out of other peoples money - Marget Thatcher

    In Russian they say: "He who does not work, does not eat"

    Who can we blame now.............um um....aah.......um....? GWB thats it!! Yes,.....um.....ah its GWB fault for the past 8 years...ahh....um...ah...I mean 9 1/2 years.

    Libs and the Empty Suit POTUS are marching this Great Country to Marxism. Quick, get the NJ Governor in to help turn the mess around in one term??

    ReplyDelete
  28. Democrat pigs got what they deserve, enough with them getting the cash and us getting the shaft.

    ReplyDelete
  29. I also live in Connecticut. Taxes here are insane and 'they' want to increase them even more! I've gotten about 12% in raises over the last 12 years while my taxes have more than doubled! These same taxes have driven industry out of the state exacurbating revenue loss. When I retire in 3 years I'll be moving to a more rational place.

    ReplyDelete
  30. Every Nation who rejects God ends up in Judgement. Our Judgment is a Naked Communist sent here from the Muslim world to destroy us. He is an Arab who speaks fluent Arabic . He hates Israel ,God's chosen people who God has an everlasting Covenant with + will protect them
    supernaturally when Osama refuses to help. At that point America will be split in TWO on the New madrid fault that runs from Ak/Mo. border to NW suburbs of Chicago. Katrina was the warning shot to repent + turn back to GOD's ways.
    No more Homo's having SEX in public on the Floats at Mardi Gras. $,200 Innocent Babies butched by Abortion. God says he will laugh in Heaven at a Nation's destruction if they shove their fist in His face . Just like in 60's when we threw HIM out of our schools. How's that working out for YOU AMERIKA ! What fools. Your problem is spiritual not Economic . When God's supernatural hand of protection is lifted Satan
    destroys you. It is exactly like the days of Noah when God's Judgment wiped out humanity with the Great Flood. After that, the militant HOMO's were detroyed at Sodom + Gomorrah. This is the final end of all God mockers. . .period.
    Lot's wife , was turned into a pillar of SALT for disobeying the Angel whoo said , "Leave the city now , and do not look back . The song for the time is barry Mc Guire " We are on the EVE of Destruction . " America , you have very little time to turn from your wicked ways !

    ReplyDelete
  31. Good comments here from some common sense folks.

    As a CT resident myself, I just shake my head at the abject stupidity of the Left in this state. 2 Dem senators, and 5/5 Dem House members....and a Dem-controlled state legislature that fights the Governor tooth & nail on every single proposed budget cut. They've never seen a social program or a tax they didn't like.

    Oh, and the people? I can't tell you how many $80,000 cars I've seen driving around with Obama/Biden bumper stickers. Stupid is as stupid does.

    ReplyDelete
  32. Even "Drunken Sailors" stop spending when they run out of money.

    Don't tax more, learn to spend less!

    ReplyDelete
  33. Eat your Socialism CT! You Liberal phuks deserve every bit of the misery heading your way! At this point I almost pray for collapse as it quite likely is the ONLY thing that will wash the Liberal filth away. The idiot sheeple will wake up then! They will wake up because they will have to WORK to SURVIVE! The Government tit will squeak as it drying up....then they will chew & when that doesn't work, the useless entitlement crowd will RIP itself & it's "community organizers" and Unions apart...with no food, housing, or the nanny state to take care of them they will start to show up in roving gang/masses in the yards of people like ME!....and I will commence to build the DEAD LIBERAL WALL

    ReplyDelete
  34. In 1992 there was no income tax in CT, first the tax was at 3%, now it stands at 5.5%.

    CT population hasn't increased since 1992 but people working for the state has doubled.

    If CT was a business it the management would be fired. You doubled your payroll for the same production?

    What is this telling us, no matter how much you tax it will be not enough.Because this idiots running the state have no clue.

    ReplyDelete
  35. "If I cannot pay for it, I cannot afford it."
    Simple, huh? That is the maxim by which our household lives by. How much debt do we have? ZERO!
    I respectfully ask all those who are in government positions to make financial decisions, which part of the above quote do you not understand?

    ReplyDelete
  36. It's OK, ObaMarxist will just print some more money

    ReplyDelete
  37. People get the governments they deserve.

    ReplyDelete
  38. Nah, Sanders is Vermont I think. We've got Dodd along with Lieberman, although we might have been better off with Sanders.

    Simple solution. Amend the State Constitution to force balanced budgets or some sort of resonable debt (as revenues are based off projections and aren't an exact science).

    ReplyDelete
  39. Connecticut and all the states should have a mandate for balanced budgets; if it needs to be increased a vote from the people should increase it only. Tax increases and large spending bills should be voted on by the people. If 65% of the population of states or nation wants a voted their way and the elected official votes against it they should be recalled automatically, if they are enriching themselves the wealth of the entire family should be turned over.

    ReplyDelete
  40. Connecticut could have easily saved itself the downgrade by raising taxes to the New York level; too bad, now the state is paying a high price.

    Those living in the "platinum state" have benefited from the largesse of almost 40 years of Milton Friedman inspired neoliberalism. The moochers are living off of the surreal world banking, finance and real estate center in New Yark City.

    Connecticut is not Democratic it is Straussian.

    Straussians like Joe Lieberman, have made sure the tax rate is real low.

    In CT: If your income range is $10,001 and over, your tax rate on every dollar of income earned is 5%.

    In NY: If your income range is $20,001 and over, your tax rate on every dollar of income earned is 6.85%.

    ReplyDelete
  41. If these politicians had to surrender their salary and all their personal property to cover the debt they wouldn't spend so much. Now that is accountablility.

    ReplyDelete
  42. People on this board need to remember that New England's been taxing itself 200 years longer than the rest of the country. People here love government; these crappy little states have a state representative for almost every town. And we love to spend money on charitable works for our dilletante elites; our small town of 20,000 got $140,000 for little theater and a craft center last year and we've got 187 other towns. Now that I'm retired, I can't afford to live here, what a surprise.

    ReplyDelete
  43. No surprise here: Connecticut has been run into the ground by the throathold of Democrat majorities in state government and unions in the private & public sectors. The state has had literally no job growth during the last twenty years, yet government has doubled in size (why? Exodus of skilled, high-paid youth leaves poor, children and elderly behind, who require more "government benovolence"). As for "rich", chop off Fairfield and Litchfield counties and the state ranks as one of the poorest 10 in the nation. Major cites, like Hartford, Bridgeport, and Waterbury are in steep decline, rivaling Detroit. As with California, Connecticut ("The Land of Steady Habits.") serves as an example of what to expect when socialism & unionism runs the show.

    ReplyDelete
  44. Hey where's Lowell Weicker??? Thought his income tax would solve everything.

    Suckers.

    ReplyDelete
  45. The problem is much the same all around the country. Politicians get elected by promising more freebies than the next guy. Eventually the freebies, and kickbacks to the big financial supporters, overload the system and it all falls down. This is what is happening in Greece, most US states and the Federal Government itself. It is simply how Democracies always fail: the people try to vote themselves everything for free from the treasury and end up collapsing the state. Just get ready for the tyranny that always follows.

    ReplyDelete
  46. Sanders is Vermont's burden - not that Vermont is any more pleasant place fro a thinking person to live.

    ReplyDelete
  47. Hey hey hey! We live here in the People's Republic of Connecticut.

    Too many police. Too many teachers, paid WAY too much. The DMV - what a joke. State programs - what a joke. The legislature - what a joke. Government-employed parasites on every corner.

    TOO MUCH GOVERNMENT.

    The day is coming, and soon. The people who pay the bills are going to turn around, and say, to the parasites who live off us (government worker-leeches).... ENOUGH. GO GET A JOB THAT MAKES SOMETHING INSTEAD OF TAKING SOMETHING AWAY.

    Just wait. It ain't going to be pretty.

    ReplyDelete
  48. Socialism, Spend it all and break the bank.. then come in and take it all and make everyone reliant on govt!! on the way to a new world order., PUKESSSSSSSSSSSSSS

    ReplyDelete
  49. Couldn't happen to a Bluer state!

    ReplyDelete
  50. I can see why more and more people are packing up and moving to Texas.

    ReplyDelete
  51. Stupid liberals. This never would have happened if Bush had a third term. GO MARLINS!

    ReplyDelete
  52. Hmm, Bush ran this country into the debt it is in right now. Highest taxing republican president in history except of course for Regan. The whole country overspends each year except for Nevada who has a law that guarantees there is never a deficit. As long as there is bickering instead of people actually working together the same thing is going to continue to happen.

    ReplyDelete
  53. Peter Schiff for Governor

    ReplyDelete
  54. WOW!
    It seems as that there a lot of state residents that are sort of angry over this issue.

    Unfortunately, there is some 'fear' about putting a name to the comments...
    It IS understandable, of course, that the East Coast people would have this type of issue, as the state in question has managed to usurp the United States Constitution in several areas.

    I remember the teachings of my youth, back when the Constitution was the Supreme Law of THIS LAND, and here is a relevant example of what I say:
    Amendment 2, Constitution...The right to KEEP and BEAR ARMS shall NOT be INFRINGED...
    Conneticut State Laws:
    http://crime.about.com/od/gunlawsbystate/p/gunlaws_ct.htm

    I seem to recall that 'bank charter' laws were all the rage in Conneticut, back in the early 1970's. The INTERBANK system was just beginning, and Conneticut was 'the place to incorporate', back then.

    Wasn't the Madison Avenue logo something like this: Mastercharge! The INTERBANK card!'?
    YES it was...and VISA came along with the 'I get my Scuba In Aruba' ads...

    WELL, NOW, "Bill in Bombay" is doing all of the 'customer service' jobs that were promised by the banks incorporating in Conneticut, Delaware, and other states, and the 'borrow and pay-back-later' mantra of the 'liberals' is beginning to come to fruition. I can hear the past statements echoing in the judgment book of history...
    EEEW! FISHING! They kill the poor DOLPHINS, for god's sake! We have to put a stop to this...
    EEEW! MINING! They dig holes in the GAIA Earth, for god's sake. We have to put a stop to this...
    EEEW! FARMING! They have the audacity to earn a PROFIT by growing food and selling it to (sin of sins) the GENERAL PUBLIC! We have to put a stop to this...

    Didn't Chris Dodd promote the 'UNLOST' (the U.N. Law Of the Sea Treaty)? ISN'T this a fractional part of the infamous 'AGENDA 21'?
    YES, It is, and, YES, HE DID.

    OH, I almost forgot LIEBERMAN...

    ReplyDelete
  55. These are the sores, cuts and pus of the self-inflicted wounds of this country over the horrible public policies in place over the last 20 years. Bottom line: get used to a lower standard of living. That's it, case closed. Recovery: Not now, not until the basic approach to the nation's spending habits changes. A simple case in point: the USA probably has the most inefficient and bloated legal system in the world. Sure people have rights, but to exercise them you need a lot of money. Try hiring a lawyer.

    ReplyDelete
  56. Yeah I resent the fact that everyone thinks that We're all Liberal in CT. In fact, its the state aid that attracts the libs who are generally of the lower class because who doesn't love free stuff? Especially when you're poor. I'm by no means rich or elitist and it makes me sick to see the state spending like this... as for the rest of the country, if you think your immune and can point a finger, wait a year or two and you'll be in the same sh***y situation we are... unless we make a change in 2010 and vote as many of these idiotic liberals out ASAP! So for everyone who thinks CT is full of rich elitists who spend their weekends in our boats off the new york coast, your grossly misinformed... its the poor who have moved in makiing our state aid enormous... and thats my fault how? I ALWAYS voted Conservative...and this is what I get. FML!

    ReplyDelete
  57. I am reminded to thank God tonight that I am a Texan.

    ReplyDelete
  58. For everyone that says they are moving to another state to escape the madness. What State is in any better shape?

    Every State is in a RED HOLE, all you have to do is look at their pension funds, that are BILLIONS in the RED!

    And don't forget Government Motors, their Pension plan went from being $1 Billion OVER funded, to about $14 Billion UNDER funded when Government took over. Guess who is on the hook for that? Government at it's best!!!!

    ReplyDelete
  59. Henny Penny Chicken lickin foxy loxy and turkey lurkey, run for your life the sky is falling!!
    Your all a bunch of winers!!!!!

    ReplyDelete
  60. Beware the Tyranny of the Majority.

    ReplyDelete
  61. We are starting to see how they plan on taking down America and freedom. I would have never guessed it but, it appears that they are gonna do it state by state. This is the CHANGE that they all been talking about. This is how Regan did it to the commies and now they plan on repaying us the favor. These sneaky rats have done it by infiltrating our Gov.
    This is not about politics, this is about freedom. This is not about Democrats vs. Republicans, this is a global communist conspiracy that dates back to the early 1900's, but phase two kicked in under Nikita Kruschev in 1958. The plan was to infiltrate the Unite States and implement communism from within.
    Kruschev said "We will spoon feed you socialism and you will become communists without even firing a shot". Kruschev also told Ezra Taft Benson that his grandchildren would be living under communism. People laughed at that and they also laughed at McCarthy. Well, Joe McCarthy was RIGHT....

    ReplyDelete
  62. Ohhhh Hey buddy can you spare a dime?????

    ReplyDelete
  63. Well at least you in CT are paying your taxes to support poor Americans. In AZ we get to support people who jumped a fence and are not even citizens .... until the libs wave a wand and make it so. It's crash and burn time everywhere.

    ReplyDelete
  64. Finally, it looks like people are waking up to the fact that its the precious teachers, firefighters, garbagemen, and all local government workers who are strangling America. I hear very little of the crocodile tears for these professions that I heard as recently as a year ago now that people understand how their overtime pay and early retirement and short working days and absurd benefits and pensions are killing us.

    ReplyDelete
  65. Want to see one of the big reasons for huge deficits in the most populous states? Massive pension scams abound where workers are retiring at 40 with $100,000 a year plus benefits for life and many receiving much more. This is the 800 pound gorilla that democratic legislatures have been using to buy union votes for decades, all paid for by the taxpayer.

    ReplyDelete
  66. I bet politicians are great at playing 'monopoly'. They would still feel like they are playing with fake money or other peoples money and wouldn't hold back at all.

    ReplyDelete
  67. They need more illegals.

    ReplyDelete
  68. I understand that in Athens when democracy was still direct, if the men voted for war they each strapped on their armor and grabbed a sword. Being removed from the reality of decisions is what is destroying us.

    ReplyDelete
  69. The unions will destroy the rest of America by bankrupting ever form of government at every level. Most businesses that have been "held hostage" bu unions are gone. Hardly any union "workers" (lol) exist except the at all levels of government. The day has come that this disaster will come to a head. The quandary is that any politician that would do the right thing and kick the unions out of government can never be elected... We have finally become outnumbered.

    ReplyDelete
  70. HA,HA.Just think OBamacare has not even kick in yet.

    ReplyDelete
  71. Guns, Gold, Ammo, and Food.

    If you can count it or weigh it, you don't have enough.

    ReplyDelete
  72. That's a blue state.

    They shouldn't mind a hefty tax increase to put them back in the black.

    Paying taxes is patriotic you know.

    ReplyDelete
  73. We don't want any of you liberals from Conn. or anywhere else moving to "fly over" country. Stay the HELL OUT!!!!!

    ReplyDelete
  74. Just remember it is the State legislature that spends the money. Aren't they majority democrats?

    ReplyDelete
  75. Socialists want to eliminate the middle class. Marx called it the bourgeois. They want all of us to be poor and dominated by rich elitists. Open your eyes.

    ReplyDelete
  76. It hasn't hit us yet. Just keep flying over Kansas! DO NOT STOP. Nothing to see here, Move on. Thank you.

    ReplyDelete
  77. Just proves that no matter how rich the state Democrats will spend it into bankruptcy. But look on the bright side, the unions are doing well.

    ReplyDelete
  78. the problem is not the goverment! the problem is you and i! the minute the freebies start coming we just cant take it when they try to cut it. my favorite commercial is "the scooter store" a little old lady proclaims my insurance and medicair paid for everything i did not have to pay a dime. stuff like that shows americans have no clue about finances and the adage nothing is ever free including a scooter.

    ReplyDelete
  79. The government now costs more than it is worth.

    ReplyDelete
  80. The same state that gave us George W. Bush. Go figure.

    ReplyDelete
  81. Yeh, I get the same thing in teaching. I just retired in AZ. Some of the teachers were livid that the state was cutting back in areas and we would no longer qualify for the government grants. Get it, we have to kick in with money we don't have and the feds will pony up with money they don't have. It's really tough being a conservative in a fantasy world.

    ReplyDelete
  82. We don't live in a moral world any more. Wrong is not wrong. Now the voters are the victims of politicians. What a crock. We are to blame and we need to fix it. We need to teach people that if YOU don't earn it, you can't have it. No more relying on others in society, ie. rich, businesses, feds, random taxes on ipads et al. to live a middle class life. Living in the middle class is a privilege not a right for the lazy or unfortunate or people who have kids out of wedlock.

    ReplyDelete
  83. Montgomery ScottJune 5, 2010 at 8:25 PM

    i see a bunch of posters named 'anonymous'.
    At the BOTTOM of the box where you 'post a comment', there is a link to enable you to comment by ACTUALLY POSTING A NAME.

    by the way, the SKY IS REALLY FALLING, and CT. is perhaps the 4th state to announce this fact.
    (Californicatia {AKA Mexico Light), New York state, and MA. were way ahead of the curve in this 'Fitch' credit rating issue. I should give 'honorable mentions' to IL., OH., WA., OR., FL., MI., and OTHER states for announcing their issues (Conneticit likes to keep this 'dirty little secret' 'under wraps', 'Wink, Wink!').

    ReplyDelete
  84. I have already moved out of the state. If Texas secedes I'm moving there next.

    ReplyDelete
  85. We wouldn't have this problem had Ron Paul not been focus-fired down by the media. America, you want to stop the slide into a third world country? You want fiscal responsibility? Stop putting the mainstream candidates in. If the media likes a candidate (talk radio/fox included) then chances are, they are going to continue the policy of screwing Amerika. If they attack them, chances are they are the solution to the problem.

    ReplyDelete
  86. When Obamacare kicks in in full swing and when is time for all of us to pay the piper,then is game over.

    ReplyDelete
  87. I still live in Conn., barely, and let me tell you, our problems DO exist because of liberals.

    Our governor knew we had no money, but every time she wanted to cut spending, the Dems would blast her as being "anti" whatever it was she wanted to cut spending on.

    It's disgusting. Between Hartford, New Haven, Bridgeport and Waterbury, we have thousands of people who do NOTHING but consume services without putting anything in. We have so many anchor babies and illegals it would make your head spin. Meanwhile, municipalities are taxing property owners so much (to provide services for the people who live 12-to-a-room in rented apartments) that there are more foreclosures than you can believe.

    But yes, the libs keep voting them in. Me, I'm just hoping to be able to keep paying my mortgage until I die.

    ReplyDelete
  88. CANT ADD A THING,"ANONYMOUS SAID" COVERED IT LIKE A PRO.YOU HAVE A WAY OF PROJECTING A POINT WITH OVERWELMING COMMIN SENCE THAT HAS ELUDED THE REGULAR JOE.MAKE SURE TO PUSH YOUR VIEW AND KNOWLEGE TO PEOPLE IN PERSON,IF WE DONT SAY IT TO THE FACES IT WONT BE AS IMPORTANT.GREAT COMMENTS,BILL IN NC

    ReplyDelete
  89. Blessed is the nation whose God is the Lord. Psalm 33:12

    This is why progressive libs are so animate about the lie of "Separation". Remember the
    "God is dead" movement of the 60s? Maybe you're
    to young. April 8, 1966 edition of Time Mag.
    Google it!!!

    This is the radical 60s croud destroying a town near you and Obama is their willing puppet.

    ReplyDelete
  90. The state has about $80 billion in unfinded liabilities - mainly govt (union) workers pension plans, healthcare benefits and endless other benefits. How is a state of 3.5 million people going to pay for that? Fed govt bailout? No that scam is pretty much over because it is all going to implode.

    ReplyDelete
  91. Everyone said it so well. I want to add that our Governor Rell gave former Governor Rowland a pension. If I was to be fired from my position I would get nothing...absolutely nothing. Why is this governor collecting tax payers dollars?

    We elect the politicians into office. If they can't perform and do what they say, fire them!!!

    ReplyDelete
  92. It is inevitable.

    People get wealthy, People get very comfortable, They become complacent, lazy and softheartet.

    They become stupid and at the end they become poor and hungry again.

    And new people come - the ones which are lean, hungry and hard! And they take it all!

    ReplyDelete
  93. democRATs and other government-welfare parasites are bankrupting the Normal-American Community.

    Yes, it's just that simple. Corrupt democRATs along with their corrupt union thugs and other mooches sucking on the taxpayer tit must be shunted onto the ashheap of history.

    Now.

    ReplyDelete
  94. Barrack Hussein Obama--he grew up in Indonesia right?

    ReplyDelete
  95. The problem with socialism is that one day you run out of other peoples' money. A democracy is doomed when voters discover they can vote themselves money.

    ReplyDelete
  96. I love all these self-loathing comments! This Texan enjoys a ZERO state income tax, moderate home prices (about $85/sq ft), property taxes less than most and a state sales tax of 6.25%. I moved from Illinois to Texas 24 years ago and saved enough in state income taxes alone to college educate one of my four children for free!!!

    This November we'll bury our collective boot so deep into Reid and Pelosi's backside they'll need the jaws of life to pry it out. Then in 2012 we finish the job on POTUS!!!

    ReplyDelete
  97. What I can't figure out is what credit requirements do these states have to make to borrow money?

    If I want to get a loan of any sort I have to meet criteria. Im not going to get that loan if I have a sizable amount of debt.

    Why don't we run the states the same way the states run the people?

    I want to throw the tv across the room everytime I see a GM or Chysler commercial with it's "credit criteria fine print".

    What credit criteria you idiots, your running on tax money stolen from taxpayers. What credit did you have to get that money?

    ReplyDelete
  98. you may be a lot of wonderful things if you have to borrow money to pay your bills, but you're certainly NOT "wealthy"

    ReplyDelete
  99. Why do you people for one second think these people are leaders?

    They are leaches! FIRE THEM ALL IN NOVEMBER.

    ReplyDelete
  100. It boils down to this: Government is totally out of control. It has it's hand in everything we do. It taxes every aspect of our lives, repeatedly. Look at payroll with holding, sales taxes, real estate taxes, city taxes, state taxes, excise taxes, licensing fees, license plate fees, automobile registration fees et al, et al ,et al.

    On top of this their utter inablity to even levy these fees in an efficient manner it is an utter disgrace and an un American rip off. Look at your local Motor Vehicle Department and imagine your healtyh care administered in the same fashion. You may just end up dead.

    Why the heck do we allow this? That is not a retorical question, I repeat, why do we allow this. It must stop now, immediately.

    Remember the only wat to change this crap is to vote it out in November 2010. I repeat, vote it out in November 2010.

    We are at a point now where the current administration, via the FTC, is going to tax news outlets as to content so as to control the flow of information ala PBS, Pravda, Ivestia and Soviet era publications. This is a fact, look it up in current news sources. The left has enjoyed a virtual monopoly on information dissemination up until the advent of the internet and alternate news channels ala Fox News and a few others.

    We need to stand up and be heard, we need to yell loudly as do to the Obama thugs in the Soros, Andy Stern SEIU and ohers of that ilk.

    I say get in their face and shout them down for a change. Stop being intimatedated and stand up for our country. Most of you good folks out there are Veterans, it's time to fight again, against all emenies both foriegn and domestic.

    I'll stand with you all the way, let's get it done... Remember in November. It's our country, not the illegals, not the socialists, it's our people, it's our's. Let us take her back.

    ReplyDelete
  101. I have a friend that works for the state of CT, and he says we are not taxed enough for the "Services Provided". He pretty much is a communist. The problem with going after the Wealthy, the real wealthy, is that they do not have to stay here or in NYC they can do business and live in Florida. You can not keep spending money you don't have, and demanding that an ever smaller % of the population to pay for it. CT has been running Business and Industry out of the state for going on 100+ years now. All we have no is the Casino's, EB lucky to get a boat to build, Pratt and Whitnney would be some place else if they could. And Aviation is in one of the worst slumps on record. I know I am a pilot, Unemployed one at that. All they have to do is just roll back spending to 2006 or 2007 level, same for the Federal Government, no body staved and they would close the red ink. But no, after all Democrats run the show since 2007. The economy started to tank when the clowns took back the house.

    ReplyDelete
  102. BORROW???? uh....from WHO??? This whole country is one gigantic Ponzi Scheme...do you know the difference between our gov and madoff??....NOTHING !!

    ReplyDelete
  103. Now that the party's over, it's time to pay the band.

    ReplyDelete
  104. Anonymous ought to run for Congress...with so much to say, were he/she/they ever to get the floor, the business of running the U.S. into the ground would grind to a halt...

    running your mouth is so easy...question is can you do anything???

    ReplyDelete
  105. OMG, Connecticut, surely you have enough sense to send Peter Schiff to the Senate. He would help save this country!

    ReplyDelete
  106. If in fact you are referring to me, due to the length of my post, I am RJM2238, and while not running for Congress, Funny stuff that, I am retired, Thanx. I don't know what I can do to do except to advocate what I feel is necessary for the majority of Americans who give a hoot to do. Get involved, remember, take time out to educate others and Gall dang it, get the heck out and vote, get your family to vote, get your friends to vote, and as the Democrats do, by God get the dead out to vote!!!

    I would love to do more but lacking resources I, you and others are in a bit of a quandary.

    The power of incumbancy, with the associated funds to purchase votes via earmarks, favors, job offers and votes and other little tidbits makes it hard to crack the ice.

    Our hope this election cycle is the mood of anti-incumbancy. We must take back at least the House or the Senate to divide and slow or stop this liberal train wreck or we have problems, big time trouble.

    Tell everyone you know to get out and bring family and friends and do the right thing...

    Let's go.

    ReplyDelete
  107. Ct. is doing their part to bring about the NORTH AMERICAN UNION.

    ReplyDelete
  108. Like Connecticut, California borrowed until they couldn't borrow anymore. Yet California has the cajones to boycott Arizona?

    When the states that are running perpetual, unsustainable deficits need a federal bailout (they will), the fiscally responsible states like North/South Dakota, Nebraska, Texas, etc. will get screwed. This country is circling the drain.

    ReplyDelete
  109. 2/3 of the US trade deficit is oil, some $40B a month.

    The direct cost of the wars is now estimated at $15B a month.

    Want to fix the economy?

    Get off oil.

    ReplyDelete
  110. Wait a darn minute there, I'm Anonymous!

    You know this whole thing really isn't "rocket science", if there's a hole in the bucket that is leaking faster than you can fill it, you've got to patch the hole.

    Mark Steyn said it best. "If you're rich you can afford to be stupid. We aren't rich."

    ReplyDelete
  111. I think Alabama may be the richest state, with over 400 billion in a rainy day fund, these old country boys have done well. Property taxes are dirt cheap and the cost of living as well. Move down here and enjoy life. Let all the other states go bankrupt. I don't care.

    ReplyDelete
  112. Blacque Jacques ShellacqueJune 6, 2010 at 12:13 AM

    California can't be too far behind...

    ReplyDelete
  113. Only the first domino to fall! Too bad that a few people can ruin a country of 310 million!

    ReplyDelete
  114. My Granddad always said "Government spends what Government takes in, plus as much more as they can get away with." The ugly truth is, once taxes hit about 18% of GDP, you start to strangle the economy- any taxation above that rate is counterproductive. So long as people really are overtaxed, then cutting taxes really does increase revenue to the treasury.

    ReplyDelete
  115. ...hummm armed insurrection doesn't seem so out of the question anymore now does it? Take America Back For Americans!

    ReplyDelete
  116. You stupid liberals will never learn. You're just a bunch of heathens- God hating, intolerant leeches that have bled this country dry. We will all pay the price now, but I'm not going down without a fight. I saw a great bumper sticker on a car last week..."Let's play cowboys and liberals."

    ReplyDelete
  117. Some of you folks may have lost hope,but, you sure as heck haven't lost your sense of humor!
    Hope tomorrow is wonderful for all of you.

    ReplyDelete
  118. To the idiot who thought Bernie Sanders was a U.S. Senator from Conn - hey, are you able to Google??? That commie Bernie is from Vermont.

    ReplyDelete
  119. Lieberman is not an Independent. He is a liberal and caucauses with the Dems. Tax and spend. The leftists will attemp to bailout CA, Michigan and Conn with red state money.

    ReplyDelete
  120. Yawn,
    Well, this is the new AMERIKA.

    Is it November yet?

    DTOM!
    http://RightWingStuff.com

    ReplyDelete
  121. Get rid of the Idiot socialism crazy Democrats who only know how to spend spend and spend even more! These very same power mad and money mad idiot Democrats have done a real bang up job of destroying California over the past 15 or so years, now they are working on the destruction of the entire nation. They are indeed a fast spreading cancer! Get rid of them in November before the nation goes belly up!

    ReplyDelete
  122. The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
    Alexis de Tocqueville

    ReplyDelete
  123. Move Chris Cristy to Connecticut! Clone him!

    ReplyDelete
  124. Everyone here remembers that the governor of Connecticut - the one who signs the budget into law - is a republican, right?

    ReplyDelete
  125. Communism is a helluva drug...

    ReplyDelete
  126. As long as we can print money, as the world's reserve currency, no budget woes will matter. Especially with the Euro's current problems, people and institutions will continue to buy the 'as good as gold' B.S. about U.S. Treasury instruments.

    ReplyDelete
  127. elect democrats/liberals/America haters in blue states and this is what you get

    ReplyDelete
  128. Did you plug the hole yet daddy?

    ReplyDelete
  129. What hppened to the rainy day fund?Take the train from Boston to Washinton and you will see what happens when so called tax the rich takes place.You do not see America from the interstates.

    ReplyDelete
  130. You don't know it yet but you're going down.Bigtime.
    " They" love it when a plan comes together.

    ReplyDelete
  131. Paul in VirginiaJune 6, 2010 at 6:28 AM

    Great comments, keep 'em coming. Well done! By the way, last standing conservative in CT is welcome to relocate to Virginia (recommend Virginia Beach), unless of course the last CT conservative has already high-tailed it.

    ReplyDelete
  132. Is Bernie Sanders still proud to be an avowed socialist? "Basic Economics," by Thomas Sowell, lays bare, in an uncomplicated and interesting style, the reasons that government action leads to what is happening in Connecticut.

    ReplyDelete
  133. Blame Bush for Connecticut's stupidity?

    How stupid can you get?

    This state has been on a downward spiral since it became Democrat. Democrats have transformed CT into a welfare queen's nirvana. People are paid enormous sums to have children and not work. They get unbelievable pensions for 20 years of service. We seem to have ten administrators for every teacher in every region. Democrats have never met a penny they could not spend.

    ReplyDelete
  134. My wife & I are unemployed, & hopefully selling the condo as CT elects, more of the same RINOs & DINOs, & moving to another state where we can afford to live. At 60 & 63, our TAXES will be 3 times our income. I'm looking @ Taxes & Fees on our properties, & activities.
    Last yr we made $98K, this yr will be arournd 36K, & after that will be less.
    I guess this is the Progressives plan to take care of the elderly, Tax us to DEATH........

    ReplyDelete
  135. The good news is; When the government goes broke, the citizens take over again by force of arms.
    Wait till they cannot pay the Cops and national guard. By that time all the welfare types will be rioting in the street.
    Then an armed citizenry takes over.
    Elect new officials.
    Then the chinese theory "No workee, No Eatee" takes over.

    ReplyDelete
  136. Peter Schiff (Running for your Senate seat - currently held by Dodd; the same Peter Schiff never uttered by MSM) will at least ID the problem, unlike these primates that don't seem to understand that they've set us on a death spiral.

    Come on you guys, get Schiff in there! Just look him up on the internet, save your state and the country.

    ReplyDelete
  137. As Margaret Thatcher said, "socialism is good until you run out of other people's money." Unfortunately, other people's money is made on the same Main Street the present Thugocracy in power demonizes daily for behavior when compared to Congress is childs play. The nation has a financial crisis for ONLY one reason, a self-serving US Congress who has passed legislation to create barriers for Main Street that can be ignored for a price that increases family wealth, campaign coffers or political power.

    ReplyDelete
  138. this is to be expected in our communist government just like the ussr.

    ReplyDelete
  139. Jim in WisconsinJune 6, 2010 at 7:55 AM

    Jim in Wisconsin,

    I worked for 20 years in local government and I ALWAYS looked out for the taxpayer. Which REALLY pissed off the the powers to be. I was shamed and cussed at for using common sense and not bending to group think. I finally was let go for not getting along with others. I couldn't stand going to work 4 of 5 days a week not to mention weekends and holidays........ At least these UNION TURDS weren't there when I did project work on off days..........

    ReplyDelete
  140. i live in ct and yes, the libs in our state legislature are a complete joke. oblivious fools

    ReplyDelete
  141. Fugeddaboutit! It's over! You don't control your government anymore, you dumb idiots. We, the brothers and sisters in the public sector unions, control everything. And we aren't going to give up a thing. Whatever we want, we get because we can just treat your house, your car and your paycheck as ours and write a check against it. When you fools are working at age 75 or 80 so you can afford dog food for dinner, we will be long retired and living high on the hog with fat government pensions. And if any of you try to anything about it, we will send some of the brothers by to have a 'talk' with you. (Suckers.)

    ReplyDelete
  142. The problem here in CT is that the state is run by a Democrat legislature. The fact that Blumenthal is ahead in the polls for Senator here tells all. They will vote for a rock if it runs as a Democrat. No hope for us.

    ReplyDelete
  143. Won't be long now. All smart people need to have a back up plan to get out of major cities when the crash comes. Those dependant on government will more then likely turn to crime and riots when they get hungry.

    ReplyDelete
  144. Pinhead's vision of America is failing. Socialism and the redistribution of wealth by gov't will always lead to a lackluster economic activity and malaise. Am I right Jimmmmy Carrrter? Fire Pinhead and the progressive radical global socialist "nut jobs" and let's go forward with "free enterprise and press".

    ReplyDelete
  145. conservative working familyJune 6, 2010 at 8:25 AM

    The next two fiscal years are going to be a mess here in CT.

    Doesn't matter who gets elected to US Senate this year.... Blumie, Linda, and Schiff are all going to have little to no influence over our state finances. Besides, they're all a bunch of Fairfield County pseudo-elitists, obligated to their country club cronies, not to the working man.

    Unfortunately our state districts nominate and elect reps with little to no understanding of finance. Most of these races are popularity contests with candidates making absurd promises that we should have been smart enough to see through back when we voted for senior class president!

    While dozens of municipalities in the state have managed to stay in the black through tough times, this will be the year when the consequences of Hartford's filthy political vermin are felt at home, at school, and at the tax collector's office.

    God Bless

    ReplyDelete
  146. When you take on debt you give up your independence and future.

    ReplyDelete
  147. CT has a veto-proof Democrat majority in both houses of the General Assembly making Gov. Rell essentially powerless in the legislative budgeting process. It has "big city" mayors like DeSteffino in New Haven that have made their municipalities magnets for illegal aliens who suck up social services, pay little if no taxes, and send a bulk of their wages back to their country of origin (though this has stimulated the explosion in wire transfer businesses). It has relatively high state income, sales, and property taxes along with high regulatory licensing fees. All which have combined to lead to an exodus of wealthy retirees and ambitious, talented, educated young adults. All a recipe for economic stagnation and decline. Or more simply, "We are so screwed."

    ReplyDelete
  148. I'm from CT. The house DEMOCRATS are killing our state. Over taxed, over spending, over regulating businesses, punishing the worker and the producer. Most of our CT reps understand nothing about businesses, jobs, and free market economies. ACT NOW! If we want to keep our businesses and jobs in this state we better dump all the liberal DEMOCRAT fiscal idiots in this coming election. Or we'll all be driven out of state_ Your choice!

    ReplyDelete
  149. And poor Paul Krugman tells all governments to spend more money.

    If we don't have economic freedom we don't have freedom. Taxes cut into our freedom because they reduce the choices we can make for ourselves. Deficits will reduce our children's choices and their freedom.

    The government does need funding. However, as another poster wrote, government hiring in CT has doubled since 92 but the population hasn't. CT isn't getting its money's worth. The requisite increase in taxes to pay (almost) for this raise in workers has done little except cut into people's paychecks. And reduce their freedom.

    ReplyDelete
  150. This is another reason why I am so glad I live in Texas. Texas has one of the best economies in the entire US. And, we so happen to have a Republican governor. And two Republican Senators. Hmm. Do the math.

    ReplyDelete
  151. Hey, America! Close your checkbooks and get ready for November 2nd. Vote out incumbents that aren't true conservatives and elect new blood.

    When the crooked credit rating agencies start cutting the nations credit rating, it will be too late.

    ReplyDelete
  152. jody rell is the worst governer we have ever had.

    ReplyDelete
  153. Tell everyone to vote against every incumbent. CT this is where we need to begin!

    ReplyDelete
  154. jody rell is a complete piece of shit idiot liberal in republican clothes,,she lies and wastes our money

    ReplyDelete
  155. Instead of borrowing the money, why don't they reduce the budget? Start cutting!!! I also thoguht the CT had the highest taxes too.

    ReplyDelete
  156. Not true. Rell is not the problem.

    ReplyDelete
  157. Our state of ct has seen new bumper stickers on stop signs and the like they say,,,OBAMA SUCKS

    ReplyDelete
  158. rell is one of the problems she has no power over the liberals and refuses to lay off state workers

    ReplyDelete
  159. Connecticut would have been bankrupt a long time ago if it wasn't for the still higher taxes in New York. Fairfield County residents pay 47% of the state's income tax with only 25% of the state's population.

    It just boggles my mind when I try to think of why anyone would fill in that circle on the ballot next to the (D)'s who caused this mess with their veto-proof majority

    ReplyDelete
  160. Tell has done an okay job looking at the tax happy morons she has to work with. Vote out all incumbents these next few years.

    ReplyDelete
  161. The further we stray away from the Original Constitutional Intent and towards the Socialist Utopia promised by Marx, Engals, Mao, Sorros, etal, the less able to meet our fiscal obligations we are. Social programs only exist on the back of a strong free market...they never stand alone.

    ReplyDelete
  162. Virginia has a balanced budget amendment and it has worked well for the commonwealth. If revenues do not cover expenditures, the budget is cut as needed. Yes, it is painful to endure the cuts and some governors have used the pain to pass tax increases (Mark Warner - closed the DMVs several days of the week to spread the pain to everyone to force a tax increase during the last budget crunch), but it is far better than pushing the state into debt.

    ReplyDelete
  163. Bluminthal will only bury us even more . Vote R this Nov.

    ReplyDelete
  164. Some facts about CT from a former Ct resident.

    1.Ct has not had any new jobs in over twenty years.
    2. More college graduates leave CT every year than any state in America
    3.Dodd and his father were so corrupt both had to leave Congress.
    4. Leave and go South!

    ReplyDelete
  165. Why would any state borrow money to cover operating expenses? Considering how high taxes already are in CT sounds like time to cut big government. They don't have a revenue problem they have a spending problem.

    ReplyDelete
  166. Please folks!!! Not only vote R this November; but vote for Peter Schiff!! He's our last hope!

    ReplyDelete
  167. Instead of giving to the repub party, pay five homeless people to vote R this Nov. ACORN East.

    ReplyDelete
  168. What did they think was going to happen when the liberal loons kept electing corrupt Dodd Sr. and Jr.? This November, assuming everyone has come to their senses, we will see real change. Support Peter Schiff! (See www.schiffforsenate.com) He's the only true conservative running.

    ReplyDelete
  169. I wonder if Chris Christie could be governor of two states???

    ReplyDelete
  170. Governments will always spend as much as they can because the hopes of the incumbents to continue in office depends on their "buying" votes. They divide and conquer.

    Remember, the first rule for an elected official is to get re-elected. Spending all they can is the enabler.

    ReplyDelete
  171. The financial crisis facing individual states is a problem facing the whole US and the world. One can blame the politicians who are only looking out for themselves. However, the problem is deeper than that. The economic turmoil is created artificially by international gangsters. The politicians are only pawns who do their dirty work. Those who are responsible for the world wide misery are not known to the public. They are meeting in secret locations to cut up the earnings of the working people and at the same time make sure that they are making millions. The international banks, insurance companies, oil companies etc. are in cahoots to blunder the world population. When there is no way out there will be a war. After all we have to get rid of a few billions of people. These parasites will find a way to stir up problems. All they have to do wave the flag and the stupid public will go and fight each other for the benefit of the super rich.

    ReplyDelete
  172. Connecticut subsidizes those cheap southern states. Like Arizona. CT gets 60 cents in Federal spending for every $1.00 a citizen pays in income tax.

    Arizona gets $1.25 for every $1.00 a citizen pays in income tax.

    If the Republicans in Congress would stop stealing from prosperous liberals and giving to loser states that can't get by without a handout, CT would have a budget SURPLUS!

    Here's some more info on how Republican-leaning states mooch off of their betters:
    http://www.taxfoundation.org/research/show/266.html

    ReplyDelete
  173. Notice how the state and local governments aren't doing anything about their pension costs. Almost all these plans are not only badly underfunded, the annual contributions are 20K+ / person. The bribes of the unions are trying to get the baby boomers to retirement with pensions that are unsupportable, but "promised". All this is so obvious. Of course the states are not broke soley because of pensions, but take a look at how much these costs are and have been going up. And then they let people work overtime just at the end which makes a huge increase in their pension income. In the state of Michigan, if you start working for the state tomorrow making 50K / year, the state will pay $18,100 for your pension just in the first year. Unsustainable.

    ReplyDelete
  174. I see a lot of people saying it'll all be better when November comes. You guys are living in same dream world the commie Liberals are. Because if we elect "big tent" Republicans- Charlie Christ, Arnold Schwarzenegger, George Bush, John McCain; we're still as screwed as if every Marxist admirer Liberal Democrat stayed in office. Wake up!

    All of you can sit here and talk smack but what you really need to do is GET INVOLVED in your PRIMARIES! Toss out all of these establishment Republicans that have been just as culpable in this mess!!!! Throw the John McCain's out on their butt and usher in the Chris Christie's. Winning November is not winning the battle; getting the right people elected is!

    ReplyDelete
  175. Indiana is one of the few states that has a balanced budget and a surplus; it has a great Governor, Mitch Daniels, and has a relatively low cost of living.

    My heart bleeds for Connecticut liberals subsidizing the rest of the US - poor things, driven into the ground by those nasty Republicans. By the way, per capita charitable donations from Connecticut are lower than those in Mississipi.

    ReplyDelete
  176. It's called the Downstate (NY) effect from proximity to you know where.
    Liberals know how to tax and spend ala Obama.
    Connecticut is also not known to be a "clean" state - it has more than its share of criminals running elements of their governments.
    Better to move out of MI, NY, CT, IL, MA and CA!
    We left upstate NY in 1991 and the movers said they had not moved anyone into NY in four years. I bet it has not improved.

    ReplyDelete
  177. This comment has been removed by the author.

    ReplyDelete
  178. Coming soon to all of North America I should think, especially since we're headed toward the second of a double dip with sprinkles, which means our own fair Canada will not escape this time what with its over-heated housing markets in locales such as Victoria or Vancouver.

    When will this noble blog begin to explore in earnest the opportunities and possibilities opened up by a complete economic wipe-out, would you say?---you're great at reading the signs, now it's time to piece them altogether into a grand mosaic of hope and promise combined with utter despair.

    http://elenchics.wordpress.com/2010/06/02/canada-british-columbia-and-the-sovereign-debt-crisis-this-time-its-personal/

    ReplyDelete
  179. Yep this is what happens when States use credit to pay off creditors. Same thing that happens when private citizens use credit cards to pay off creditors. Pretty soon incomes just cover the interest and the principals just keep growing. Soon this will be every state with a budget crunch. Then comes the bailout and the Federal taxes only cover the Federal Debt. Then all hell breaks lose.

    So lets spend more to cover our debts rather than pay off the ones we have. At least then we can keep the money flowing to Wall Street. God knows it's not flowing anywhere else.

    ReplyDelete
  180. Let's see. California, Connecticut, New york, Michigan.... All liberal Democrat states with HUGE entitlement programs .. How do we solve this? hmmmm ... okay two ways ... 1) Elect someone like Gov. Christie in New Jersey to fix it internally 2) make the entire United states adopt the same worthless programs and help pay for our poor decisions .. if there is Federal Healthcare, then the state can stop the programs they have that are bankrupting them. If we collect revenues for the conservative states that watch their spending then we can continue to spend freely as we always have. ..

    ReplyDelete
  181. Why are red states in so much better financial shape than blue states?

    ReplyDelete
  182. Bernie Sanders is from Vermont. I am in no way a supporter of his. But while he was mayor of Burlington, he instituted many practictal money saving ideas

    ReplyDelete
  183. Anonymous said...
    Everyone here remembers that the governor of Connecticut - the one who signs the budget into law - is a republican, right?

    June 6, 2010 4:15 AM


    Yes, we do. However, we also know the laws are written and enacted by a VERY liberal coingress that can override any vetos. SO this is just your attempt to "Blame Bush" on a state level without looking at who is writing the laws and changes and who can over ride any veto the lead administrator might try to impose. The economy was doing well and the deficit actually being reduced until 2006. Hmmmm what happened then?

    ReplyDelete
  184. Would anybody miss anyone in their State Legislatures (or DC for that matter) if tomorrow we woke up and they were all gone?

    ReplyDelete
  185. Meanwhile, Knox county, Tennessee (a thoroughly Republican place) just got a credit upgrade. Funny how that works when you have a surplus in your rainy day fund! $41 million!
    If you're a conservative, move to Knoxville.

    ReplyDelete
  186. Move to Florida. Palm Beach can cerainly accomodate the rich bastards.

    ReplyDelete
  187. The Democrats are owned by the State unions who bleed those of us in the private sector. In bad times,the unions continue to demand increases while those of us in the private sector have to give back money and benefits or our jobs. When are people in Connecticut going to realize how bad it really is and vote the Democrats out and limit the power of the greedy state unions.

    ReplyDelete
  188. Too bad. You get what you vote for. Man up.

    ReplyDelete
  189. Tax and spend. Spread the wealth around. How's that working out for you? Now we have it at the Federal level. This country is in HUGE trouble.

    ReplyDelete
  190. I heard that they are planning to build a moat around Yale University. The elite school that can't come up with an idea to improve the economy of that miserable state.

    ReplyDelete
  191. Moved to CT from Michigan 3 years ago. Everything here in CT is more gas utilities food taxes you name it- it costs a hell of alot more to live here. But Michigan has no jobs. And far worse weather.

    ReplyDelete
  192. Rome had it correct. Our leaders should have full time jobs and receive no compensation to serve us.
    70% many of the wealthy are going chapter 7 for protection. They aren't moving away as most are saying. The middle class is being destroyed.

    ReplyDelete
  193. If you haven't moved to Florida, Texas, or Tennessee (no state income tax), you are dumb.

    ReplyDelete
  194. the largest employer in Connecticut is the State of Connecticut with 55,000 employees...
    Governor Christie of NJ for President in 2012, he actually making the tough decisions without raising taxes...No Romney or anyone else who is a member of the Council on Foreign Relations!

    ReplyDelete
  195. After all the Keynesian spending the result is higher unemployment and massive amounts of additional debt. And the cry from the left --- meet the new stimulus same as the old stimulus. mo' power, mo' power, mo' power - stupid is as the godless left does.

    ReplyDelete
  196. Unions ripping folks off, entitlements galor, and pork spending on stupid political stuff will break this country.
    Combine that with the last generation of teachers and parents not teaching our generation what it means to be an American, and the US is toast.

    ReplyDelete
  197. This might help, I propose a 65% tax on all union dues not used for collective bargaining, the AFL-CIO, SEIU, NEA , NTA, all seem to have a billion dollars to spend at election time, Put all new local, state and federal hires in a 401k instead of a pension, Put a 65% tax on networks ad revenue, Make all gov. employees pay at least 20% of there medical insurance.

    ReplyDelete
  198. Build more toll booths on I-95. Plenty of people are driving on the south bound lanes.

    ReplyDelete