CT's debts and assets The general public is the last group of people to fully understand that the Obama revolution has reached an endpoint. The neo-progressive Democrat Party revolution began with the presidency of Barack Obama in 2009-2017 and ended with President Joe Biden’s catastrophic exit from politics, the longest and unintentionally comic third act in post-modern American politics. The neo-progressive revolution is rooted in Keynesian economic theory, the central pillar of which is that cautious spending is unnecessary; the sky’s the limit on improvident spending because the national debt is a debt we owe to ourselves. In actual fact, governments approach economic calamity when accumulative expenditures in a nation exceed gross domestic product (GDP), the monetary value of everything produced. State debt occurs when expenditures exceed assets ( see chart above ). For the last 16 years and more, Connecticut’s ascendant neo-progressive Democrat Party has been engaged in...
Liberal [neo-progressive] Democrats, we are told by the Hartford Courant , are angry at Democrat Governor Ned Lamont, and their anger has suddenly overflowed. The anger directed at Lamont, by most accounts a halfhearted neo-progressive – has yet to reach Thermador. It has been stoked by Lamont’s “high-profile veto of an affordable housing bill written by Democrats and his endorsement of former Gov. Andrew Cuomo in the New York City mayor’s race.” Lamont’s operative principle on the question of affordable housing, though he dare not say it, is that price controls generally make goods and services, including housing, less affordable and less available. Pointedly, Lamont’s endorsement of Cuomo was a signal that Lamont had not changed his “moderate” ideological stripes. In an era in which Connecticut neo-progressives have command of most of the levers of political power, Lamont continues perversely in the tried and true fashion of past Connecticut governors. He i...