Budget

This seems to be the economic policy question of the hour. It might be worth recalling that last month, the Wall Street Journal polled economists about this question. Of those who expressed an opinion, here are the results: * 6 percent said no, all the tax cuts should be allowed to expire, * 24...
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Just think how great our kids would learn in this school. Oh, by the way, the only factor ever proved to improve kids’ learning, is Mom. Yes, this is the same state that just gave out vouchers (IOUs) to state employees. With 9$B in debt and the highest taxes in the country, don’t laugh...
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Every year, the Americans for Tax Reform Foundation and the Center for Fiscal Accountability calculate Cost of Government Day. This is the day on which the average American has earned enough gross income to pay off his or her share of the spending and regulatory burdens imposed by government at the federal, state, and...
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Play are these Government programs designed to end the recession real or fake? // BookMark To:
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Connecticut has the 5th biggest deficit nationally as a percentage of General Fund for 2009-2010 o NV – 30% o AZ – 29.8% o CA – 25.6% o NY – 24.3% o CT – 23.1% Connecticut already has the highest tax burden in the country. Connecticut’s young leave their home state at the highest...
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Dripping with a southern syrupy drawl the elderly woman standing in front of the Bibb says, “Foley bankrupted the Bibb, He’ll bankrupt Connecticut”. News to Fedele:  CONNECTICUT IS BANKRUPT. We are 9  BILLION dollars in the hole. Tom Foley is the only person running for Governor who has ever shut anything down. Foley is...
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It is highly likely we are going to see a return to high inflation. #1: Because the government needs it to get out of the debt they have incurred. (A Billion $ A Day in Interest and climbing.) #2: Inflation is a natural economic outcome of creating money that has no basis in real...
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If the President’s Deficit Reduction Commission uses “baseline” or “current services” budgeting as a benchmark for determining spending “cuts” and tax increases, that’s a good sign that the crowd in Washington wants to pull a fast one on the American people. Baseline budgeting. This is the clever Washington practice of assuming that all previously...
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The following chart show federal spending over the past decade on a per-household basis, adjusted for inflation: The Cato Institute. BookMark To:
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Probably not much, but their “financial reform” package is going to affect farmers all across the land. Farmers use derivatives to even out the price for their products.  Market fluctuations especially at harvest time can destroy a growing season.  By using derivatives farmers can “lock” in prices and assure a known price for their...
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Your taxes are going up, personal and business.  The Congress and President are planning on letting the “Bush” taxes cuts expire and the HealthCare bill has dozens of new taxes buried deep in it. Businesses after downsizing to reach to the market demands are sitting on a lot of cash.  Apparently reluctant to increase...
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Someone asked me who is running for Governor? I replied, “a couple of rich guys from Greenwich and Oz”. Oz is refreshing.  Something attractive about having a governor named, “Oz”.  Here is the link to his site. I met Oz and the son of Oz and found them both highly likable.  They pass the...
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Petition to keep the Lifeguards at Blish Park funded. Click here As a point of clarification the reduction in funding for the Lifeguards was proposed in the Board of Selectmen Budget, not the Board of Finance. In the comment section, if you favor refunding the lifeguards, what would you propose to reduce in funding?  If...
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The Proposed 2010 Budget from the Marlborough Town Website. I’ve converted it to pdf for those of you who don’t have Microsoft PowerPoint installed, click here. BookMark To:
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From the Connecticut House Democrats: Yes that is -$3.5 Billion in Fiscal Year 2012. Essentially $9.5 Billion in deficits for the fiscal years 2012, 2013 and 2104. Any comments? Thoughts as to what we as a state should do? BookMark To:
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