Connecticut, home to great wealth, may be sinking into a fiscal mire | Dems Love Detroit Mentality

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

Debt: “Connecticut has $11.3 billion available assets to pay $74.9 billion worth of bills,” its report on the state said. “Connecticut would need more than $20,000 from each of its taxpayers to pay all of its bills.”…

Declining Tax Base: The state’s population is falling: Its net domestic out-migration was nearly 30,000 from 2015 to 2016. In 2016, it lost slightly more than 8,000 people, leaving its population at 3.6 million. Indeed, recent national moving company surveys underscore the trend, showing more people leaving Connecticut than moving in. In 2016, the state also saw a population decline for the third consecutive year,…

Spending Unabated: The Services Employees International Union’s Local 1199, which represents 7,000 state workers, has taken a very vocal stance against the governor’s proposed cuts and employee layoffs. The union has denounced the governor’s proposal for cuts as heartless, and says it will hurt those who already struggle and are the state’s most vulnerable, including children and the disabled.”

Democrats live in a fantasy world where creating debt for your children/grandchildren is more compassionate than spending wisely.

This entry was posted in Darwin Award Nominee, debt, economy, government, History, nothing changes, politics. Bookmark the permalink.

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