The economy is on all our minds and the news goes from bad to worse.  With the State deficit ballooning, Governor Rell is looking to put a moratorium on foredclosures.  However, she’s also said that bringing back the tolls is not an option for her.

Earlier this week The Courant told us just how bad it is:

In Connecticut, Rell must erase a current-year deficit of more than $300 million and also close a $6 billion shortfall in the new two-year budget.

Economists who recently briefed Rell on the recession said the state is facing not only a cyclical downturn, but also structural changes in the region’s economy.

Klepper-Smith said the state can expect to lose 60,000 to 80,000 jobs, many of them from the financial services sector important in Hartford and Fairfield counties.

Edward J. Deak, a Fairfield University economics professor who also has advised Rell, said the structural changes mean some of those losses will be permanent.

“Even as we pull ourselves out of the cyclical recession, we’re going to have to pay attention to the fact that the financial system that we’ve known and loved is gone, it’s not there anymore,” Deak said.

Public colleges are also in trouble.

Some are excited about the claim that gay marriage will boost our economy and that of Massachusetts.  But the $13M that might produce is a drop in the bucket.  Also, I’m not sure we wish to be known as the Las Vegas of gay marriage.

Let’s remember to pray for the State economy!