Annoyingly clear thinking from Don Pesci:
The rich ain’t gonna get us out of this ditch.
Here’s why: The real problem in Connecticut has been caused by accumulative excessive spending, a problem only a brave few in the legislature want to solve.
Prove it, doubters say. The proof is in the astounding growth of the bottom line of the budget. The 8 or 9 billion deficit yet to be discharged is larger that the last pre-income tax budget of a little less than two a decades ago. And the present budget is three times as large as that more modest $7.5 billion budget; that’s an increase of an entire budget for each of the three governors who followed the late Gov. William O’Neill into office. Collectively, these governors, and the legislators who during this period used budget surplus after budget surplus to increase spending, are the problem.
Read the rest here: Permanent Spending Cuts, Temporary Taxes.





