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Old 04-15-2011, 02:45 PM
 
Location: New England
8,155 posts, read 20,999,179 times
Reputation: 3338

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Quote:
Originally Posted by JayCT View Post
They actually borrowed from the rainy day fund. Read the link. Even so, it was no where near $3.5 billion. Jay
Right, I just caught that in your reply. I mistakenly put THIS years projected deficit in place of the 2.3 billion they had in 09-10. A billion here, billion there...pretty soon your talking real money.

The bottom line is, we had these shortfalls and borrowed almost a billion dollars to close the gap, and are projected to be at 3.5 billion this year. I think it will be worse.

Moody's didn't downgrade us because were have been fiscally responsible.

Edit: This is from April 2010:
With just 2½ months left before the fiscal year ends and most of the current budget already spent, three-quarters of the $323 million sliced off the deficit technically was achieved by raiding the next state budget, specifically by taking nearly $240 million in budget reserve funds originally assigned to 2010-11. But that raid was offset by a matching amount of spending cuts, additional federal revenue and transfers out of special accounts and trusts
House adopts $323M deficit-reduction bill | The Connecticut Mirror

Trust me Jay, there is so much smoke and mirrors going on it's rediculous and no one will talk about reducing the size of government. We did NOT have a surplus, that's crazy talk and nothing more than a shell game to lull the public.
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Old 04-15-2011, 09:23 PM
 
Location: Connecticut
34,917 posts, read 56,893,272 times
Reputation: 11219
Quote:
Originally Posted by JViello View Post
Trust me Jay, there is so much smoke and mirrors going on it's rediculous and no one will talk about reducing the size of government. We did NOT have a surplus, that's crazy talk and nothing more than a shell game to lull the public.
Isn't that what politics is all about??? Jay
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Old 04-16-2011, 06:58 PM
 
1,844 posts, read 2,422,810 times
Reputation: 4501
Me too.
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Old 04-17-2011, 06:50 AM
 
Location: CT
323 posts, read 633,816 times
Reputation: 187
Awesome city.
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Old 04-17-2011, 07:19 AM
 
2,080 posts, read 3,920,998 times
Reputation: 1828
Quote:
Originally Posted by JayCT View Post
Isn't that what politics is all about??? Jay
My god Jay, that's the problem! When people accept the absurd as normal, its all over. When guys like JV start pointing it out, others look at him like he has two heads...we need a do-over in this country. And fast...
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Old 04-17-2011, 06:48 PM
 
Location: Wherever women are
19,012 posts, read 29,708,171 times
Reputation: 11309
Good grief, I thought they outsourced everything to Bangalore

With so much negative sentiment, does King Malloy I know that his subjects are unhappy
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Old 04-17-2011, 07:15 PM
 
Location: New England
8,155 posts, read 20,999,179 times
Reputation: 3338
Quote:
Originally Posted by Tetto View Post
My god Jay, that's the problem! When people accept the absurd as normal, its all over. When guys like JV start pointing it out, others look at him like he has two heads...we need a do-over in this country. And fast...
Agreed. And frankly that's all I'm trying to do is throw a little cold water into the face of CT residents. I believe they are getting screwed and fleeced and many don't even realize it or are in denial that it could be this bad and this corrupt.

Quote:
Originally Posted by Antlered Chamataka View Post
Good grief, I thought they outsourced everything to Bangalore
LOL Oh God, thanks for the laugh. Sadly, we could learn a lesson about efficiency and humility from them.
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