Connecticut may be the richest state in the country, on a per capita basis, but it’s racked up a sizable debt worth more than $53 billion – and it could be taxpayers who are forced to bail out the Constitution State, according to the former governor of Indiana.
“Someone’s going to the barbershop,” Mitch Daniels, a Republican, said during an interview with FOX Business’ Stuart Varney on Thursday. “The first will be the taxpayers, already beleaguered in some of these states.”
And Connecticut isn’t the only state struggling with a debt crisis: California, Illinois, New Jersey and New York are unable to make pension payments to retired government workers.
In Illinois, for instance, vendors wait months to be paid by a government that’s $30 billion in debt, and one whose bonds are just one notch above junk bond status, according to Daniels. New York’s more than $356 billion in debt; New Jersey more than $104 billion; and California more than $428 billion.
Puerto Rico, now with white folks.
Other than debt, it seems these states have something else in common but I can’t quite put my finger on it..
So, creditors own the States…
Call me when they go into receivership. That’s when it’ll get interesting. Until then, people have their heads stuck in their anuses.
Jail the politicians for financial malfeasance. Withhold any perks and retirement benefits and assign them mandatory menial work until their deaths.
One great thing about Daniels is he was good with Indiana taxpayers.
Little second hand story. He’s now Pres of Purdue University. Relatives of ours have season passes for PU football and PU basketball. At one game, the regular ticket holders next to our relatives didn’t show up for the game. Along comes Mitch Daniels who sits in one of the empty seats.
The relatives and Daniels spoke for a while, and eventually Daniels told them that he turned down the free seating reserved for the University President, and sell the seat for season passes. He said he always could find a vacant seat when he walked around the stadium because of season pass holders who might not show for a game.
Now that’s frugal.
The constitutions of these states protect the government workers pensions but don’t protect the hard-working taxpayers in any way!
They subscribe to the proven Alfred E. Neuman philosophy… “WHAT, ME WORRY?”
Places like this are dying, because people like me are leaving. I pay about 10k to 15k a year in payroll taxes and 7k in property tax. I’m selling one house I own right now and when my son starts high school next year I’m selling my other one. The population of NYC is growing, but there losing taxpayers. The growth is coming from immigrants And illegals who Are burdened on government services.
Each and every one of those states are going to be crying for a Federal bailout and pitching a hissy fit when Trump tells them “No”.
I think they’re actually in debt up to their long hairs
California holds a kabuki theater every year where Jerry Brown stands in front of a display showing the amount of revenue to be raised by new taxes on….well, everyone and everything, and the projected spending. Abracadabra -the budget is balanced.
Except that during the year, thousands of taxpayers leave California while thousands of tax takers move in. It doesn’t even take half a year before California’s budget is out of whack and the state is broke again. Brown’s answer is that “Californians need to figure out how to prosper in this economic train wreck the Democrats have created.”
In Connecticut, California, Illinois and other blue states, this situation will never change. Tax takers will continue to vote in irresponsible legislators, and taxpayers will continue to leave for more friendly jurisdictions. None of these states will ever admit to having a spending problem; all of them claim this situation is caused by a revenue problem. My credit card is maxed out, but that’s only because my job doesn’t pay enough.
IF I had my way, conditions for even considering a bailout would be that every legislator would be stripped of office and barred from holding elected position, and every legislator over the past 30 years would lose all of their benefit and pension rights. The taxpayers may have to go to the barbershop, but the people that created this mess should go first.
Believe it or not, there are some good folks here in Connecticut. I’m out in the Sticks in Eastern Conn and a lot of my neighbors vote against the Dem/Progs, belong to gun clubs and go to work everyday. We may be turning the tide here with the Repubs winning the Governorship and making gains in the House and Senate. Yeah, I know, about a dimes worth of difference between the two.
The big cities are controlled by the Dems and are in the crapper but they give away enough chit to keep the moochers voting for them. Our out going Governor, Mumbles Malloy, just signed an executive order for a $10,000,000 STUDY on putting tolls on out roads. We will have a huge shortfall for this budget year and he’s proposing spending more money that we don’t have!
I am getting tired of banging my head against the wall but other than our politicians and the taxes, Connecticut is a nice place to live. I have too much stuff and too many friends and family here to start over at my age so I’ll stick it out, doing my best to vote the bums out.
Vote Tim Herbst, Nutmeggers.
Connecticut, otherwise known as WhiteyMcWhiteville.
Looks like they were reaching out to uplift themselves, using somebody else’s money.
Let’s look class, yep, Progs.
Public Pension Unfunded Liability pdf ALEC report
https://www.alec.org/app/uploads/2016/12/Getting-Politics-Out-Of-Pensions-Final-WEB-2.pdf
https://www.alec.org/app/uploads/2018/04/2018-RSPS-State-Pages_Final.pdf
rich state/poor state report from alec.org
the previous link is primarily an insomnia cure…sorry
“Nationalization of Debt” is another term for “Redistribution of Wealth.”
This is a direct consequence of the 16th Amendment and the abandonment of the principles of Apportionment and Limited Government.
In other words – We the People have brought this abortion onto ourselves – and only We the People can jettison it – if we harness the will to be free.
izlamo delenda est …