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Author Topic: Connecticut is circling the drain financially  (Read 1259 times)

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Offline endicom

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Connecticut is circling the drain financially
« on: July 30, 2017, 11:13:12 pm »
Hot Air
Jazz Shaw
July 30, 2017

This is one of those situations where we might be able to take two seemingly incongruous facts and put them together to find a deeper meaning. Ready? Fact number one: Connecticut is one of the richest states in the nation depending how you measure such things. Fact number two: Connecticut has managed to run up nearly $75B in debt and is teetering on the edge of being in worse financial shape than Puerto Rico. (The Daily Beast)

More... http://hotair.com/archives/2017/07/30/connecticut-circling-drain-financially/
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Offline dfwgator

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Re: Connecticut is circling the drain financially
« Reply #1 on: July 30, 2017, 11:15:33 pm »
Eventually you run out of other peoples' money.
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Offline Gefn

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Re: Connecticut is circling the drain financially
« Reply #2 on: July 30, 2017, 11:44:17 pm »
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Offline endicom

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Re: Connecticut is circling the drain financially
« Reply #3 on: July 30, 2017, 11:44:49 pm »
Quote from: dfwgator on July 30, 2017, 11:15:33 pm
Eventually you run out of other peoples' money.


And there's lots of that in Connecticut.

Frankly, I think all the states are facing some degree of this problem. If your state is currently doing well then that may be because it came later to the game.
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