Tag Archives: Dannel Malloy

Connecticut spiraling into financial despair

dannel malloy

Gov. Dannel Malloy (Demorat)


Odd how high taxes can lead to a financial crisis…
From Fox News: While Illinois Opens a New Window. Connecticut has been under the microscope for its $15 billion backlog of unpaid bills, multi-billion dollar pension crisis and paralyzing political polarization, it is not the only state facing pressure to pass a spending deal by June 30.
The nation’s wealthiest state, Connecticut, is also facing a series of challenges as it remains unable to strike a budget deal with the new fiscal year approaching on Saturday. It is likely the state will enter the new month without an approved two-year budget, but a so-called provisional “mini budget” is still on the table. This last-ditch option includes $300 million to balance out spending cuts the state would be prompted to make in order to keep up with the deepening deficit.
Revenue shortfalls in the state register around $450 million for the current fiscal year alone, while estimated deficit totals are projected to clock in near $5 billion for the 2018 and 2019 fiscal years combined, according to The Connecticut Business & Industry Association. Debt outstanding levels and unfunded pension liabilities relative to revenues are among the highest of any state in the country, Moody’s Investors Service said in May.
As previously reported by FOX Business, income-tax collections are projected to fall Opens a New Window. in fiscal year 2017 for the first time since the recession.
Connecticut’s financial despair comes despite the state government’s approval of one of its largest tax rate increases ever in 2015.
The three major rating firms have downgraded the state’s credit rating in response to the ongoing budget crisis. In its most recent downgrade, which landed Connecticut with the third-lowest rating out of every state behind only New Jersey and Illinois, Moody’s said “the downgrades reflect continuing erosion of Connecticut’s finances, evidenced by the pending elimination of its rainy day fund, growing budget gaps and rising debt levels.”
However, the situation could get worse still.
On Thursday, health insurance giant Aetna announced it would move its Hartford, Connecticut-based headquarters — after more than 150 years in the state — to New York City in late 2018. The company cited a lack of access to talent as one reason it was leaving its Connecticut base, and said Thursday its long-term commitment there will depend on the state’s “economic health.”
Earlier this year, General Electric (GE) announced a similar move, shipping its headquarters from Fairfield, Connecticut to Boston, Massachusetts.
DCG

Please follow and like us:
0
 

Project Longevity and the Sandy Hook Massacre

Ever heard of “Project Longevity”?
No?
Sounds like some anti-aging scientific research project on the long-sought magical elixir of life, doesn’t it?
Not so.
Project Longevity is the Orwellian name of a U.S. Department of Justice (DOJ) “comprehensive initiative to reduce gun violence” — not in the cities of Chicago, Illinois; Detroit, Michigan; or Oakland, California, which are plagued with “gun violence” and high rates of shooting homicides — but in the state of Connecticut!
With a total population of 3.58 million in 2011, here are Connecticut’s crime rates for murder and violent crimes from 2000 to 2011 (Source):
CT crime rates
Does the table above look like a crime-ridden state to you? In fact, the numbers of homicides (133 to 128) and violent crimes (10,083 to 9,767) actualy went down in 2011 from a year ago!
Now compare the state of Connecticut’s murder rates with those of 7 of America’s largest cities (Source):
murder rates of large cities
As you can see, the city of Chicago, with a population that’s 89,000 fewer than that of the entire state of Connecticut, had 292 homicides (murders) in 2011 — 164 more than Connecticut.
And yet the state of Connecticut is the object of the Obama regime’s DOJ’s Project Longevity.
On November 27, 2012, Attorney General Eric Holder, U.S. Attorney David Fein and Connecticut Governor Dannel Malloy joined members of law enforcement, public officials, social service providers, community leaders and researchers in New Haven, CT, to launch “Project Longevity.” The project is funded by federal, state and local sources.
This is what Eric Holder said at the launch:
“Project Longevity will send a powerful message to those who would commit violent crimes targeting their fellow citizens that such acts will not be tolerated and that help is available for all those who wish to break the cycle of violence and gang activity. Today’s announcement underscores our commitment to working together – across levels of government and jurisdictional boundaries – to protect the American people from the crime that threatens too many neighborhoods and claims far too many innocent lives.”

On December 14, 2012, 17 days after Eric Holder’s visit to New Haven to announce the launching of Project Longevity, 20 mostly white* school children and 6 adults were shot to death in a town 34 miles northeast of New Haven. The town is Newtown, CT — a peaceful prosperous town ranked the 5th safest city in America by the website NeighborhoodScout.com based on 2011 crime statistics. (* Ana Marquez-Greene, 6, is part black. Her father is black jazz musician Jimmy Greene.)
The subliminal message impressed on the American people is that if the massacre had happened to a place such as Newtown, then no one is safe from gun violence.
Ron Pinciaro, executive director of Connecticut Against Gun Violence, said in a telephone interview that “we’ve got to do something” and that the change needed was a cultural shift.
The massacre of 20  upper-middle class first-graders at Sandy Hook Elementary School in Newtown, CT, allegedly by a disturbed lone gunman who then killed himself, would be the match that ignited a nationwide call for gun control and for a ban on assault weapons. (See Sen. Feinstein’s “assault weapons” ban bill.)
It remains unclear whether the gunman Adam Lanza actually used an assault rifle to kill the Sandy Hook 26.
H/t FOTM reader Grace.

UPDATE (Oct. 9, 2014):

This post was published 1½ months after the Sandy Hook “massacre”. Since then, there is compelling evidence that the “massacre” was a contrived event. Please go to our “Sandy Hook Massacre” page for all the posts we’ve done on this false flag event, especially “No one died in Sandy Hook: Testimony from Social Security Death Master File.”
In light of this evidence, Project Longevity takes on added and sinister significance.
~Eowyn

Please follow and like us:
0