The state of Connecticut is broke. This is despite its status as America’s wealthiest and most educated state. Our government is the least popular in the country for good reason: it repeatedly hiked taxes and wasted so much money that we’re unprepared for the next recession. The Dan Malloy Democrats let the government unions pillage the state. The have run out of money in Hartford; now they are coming to loot New Canaan by transferring their liabilities to us.
Do we let a set of bankrupt ideas bankrupt our state or will homeowners and taxpayers say that enough is enough? We know where the money is going: the Dan Malloy Democrats are shoveling it to the government unions as fast as possible. Much of that money goes from overtaxed Connecticut workers to pensioners living in Florida where they pay no state income tax. It can’t go on that way, so it won’t. There is no Berlin wall—if taxpayers can escape, they will.
Ultimately, Connecticut’s liberalism will not be defeated by conservatism; it will be defeated by reality. Our tax-and-spend government teeters on the brink of bankruptcy, propped up by the most mobile of industries: financial services. With 24 hours and a U-Haul, a hedge fund can leave. Connecticut would get downgraded with the flight of just a few funds. For example, if Bridgewater’s Ray Dalio flees, those left behind will sink underneath our crushing debt.
We know what to do: the opposite of what the Dan Malloy Democrats have done to the state and want to do to our towns. We cut red tape that hampers job formation. We cut wasteful spending. We cut the taxes that make us uncompetitive. We rein in the government unions that control the state for their own benefit. Connecticut is a place to escape from—just ask General Electric, Aetna or Beretta—but we can make it a place to escape to.
Can the principles of limited government and free markets grow in New England’s rocky soil? We have a chance to restore our town governments in 2017 and our state government in 2018. We are starting right now at the local level. If you want to help, please like us on Facebook in order to stay in touch. The state government proves how badly government can fail; our towns can prove that we can make it work. Connecticut can do better.