April 21, 2010

State budget a colossal mess

In the eyes of local officials at least, state leaders have displayed almost staggering audacity in tackling whopping deficits by doing nearly everything wrong -- borrowing against future revenues, sucking money out of reserves, reducing payments into already underfunded pension trusts and so on.
Bristol's comptroller, Glenn Klocko, pronounced it "crazy" last night and he's exactly right.
State leaders, on both sides of the political aisle, are destroying Connecticut's credit rating by shoving tough decisions down the road in the vain hope that something better will somehow happen.
Klocko said that when he watches what the state is doing, "it really frightens me."
I don't profess to have the answers, but I do know that when you're faced with hard decisions, it's a lot better to try to deal with them honestly. The state is just shoving the bills into a box and hoping creditors won't come calling. It never works.
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Copyright 2010. All rights reserved.
Contact Steve Collins at scollins@bristolpress.com

9 comments:

Anonymous said...

And Bristol is NO better!

Anonymous said...

If Klocko is scared by the State's robbing of Peter to pay Paul then why does acvocate stealing pension money to pay for insurance in Bristol?

Anonymous said...

Because Klocko wants to look good so that he can apply for the Town Mangers job.

Anonymous said...

Exactly why people like Colapietro, the big spenders, need to be replaced.

Anonymous said...

By next year they will be out of money, out of credit and out of luck. And the economy isn't going to bounce back in a year. Not even three years. They are passengers on the Titanic arranging the deck chairs. Fools.

Anonymous said...

Klocko I don't have all the answers" . Why not ? He's so smart like the jerks on here!

Anonymous said...

to 5;37 THE "jerk" Blah, Blah, Blah! You're so constructive LMAO
Got anything new Colapietro hater? Or how about the "Old" stuff , you know Tommie toupe etc. You are great for the city . (Not) I almost forgot about you three jerks.(Not hard)

Anonymous said...

Lack of leadership, in Hartford AND in Brsitol!

Anonymous said...

Gee Steve, I thought your last few lines might have been referring to Bristol and their current budget attitude.