All is well in the Land of Oz

The scene in which Governor Dannel “Dan” Malloy says, “CT budget and economy both poised to take off” In the last of a series of articles written by the CT Mirror’s Keith Phaneuf on how the candidates for governor would deal with Connecticut’s $1.4 billion projected state budget for the year following the November election, Governor Malloy has said,

“We really don’t have a deficit…I know that’s hard to believe.”

Malloy tells the CT Mirror;

  • Connecticut doesn’t have a deficit
  • There will be no cuts to key services
  • There is no need to discuss concessions with state employees
  • He will not propose or accept any tax increase during his four years as governor – even to shift the tax burden by making the wealthy pay their fair share so Connecticut can reduce the disproportionate pressure on the middle class.

And how is Malloy going to achieve this incredible feat of having more services, no additional taxes and no deficits? As the CT Mirror explains,

“The governor said he’s confident that both the nation’s and Connecticut’s economy are on the cusp of a major surge.”

But wait, there is more! Not only do we get all that, but after talking with Malloy, the CT Mirror adds that Malloy says we’ll get even more if we just re-elect him.

“Swelling tax receipts not only will close whatever part of the deficit he can’t close with efficiencies, he says, but will also create opportunities for future tax cuts.”

In response to Malloy’s beyond belief explanation of the crisis facing Connecticut and its state government, the CT Mirror quotes me saying,

“What a sad commentary,” said petitioning candidate Jonathan Pelto, a Mansfield Democrat and former state representative. “He’s not functioning in the same economic world that the rest of us live in.”

The truth is that Connecticut faces a $5 billion revenue shortage over the next five years and Malloy’s reliance on inappropriate borrowing has further undermined the fiscal health of our state. While Malloy claims the problems will all disappear, the CT Mirror correctly notes that,

Pelto is at the other end of the spectrum, insisting that a major tax hike on the wealthy is needed to safeguard public services, public employees’ pensions, and municipal aid.

If you are going to read one article about Governor Malloy’s approach to the problems facing the state, this is the one to read. You can find the whole article at: http://ctmirror.org/malloy-ct-budget-and-economy-both-poised-to-take-off/

Paid for by Pelto 2014, Ted Strelez, Treasurer, Christine Ladd, Deputy Treasurer, Approved by Jonathan Pelto