There will be time, there will be time
To prepare a face to meet the faces that you meet…
Time for you and time for me,
And time yet for a hundred indecisions
And for a hundred visions and revisions
Before the taking of a toast and tea.
Time for you and time for me,
And time yet for a hundred indecisions
And for a hundred visions and revisions
Before the taking of a toast and tea.
These lines, clipped from T.S. Eliot’s poem The Love-Song Of J. Alfred Prufrock,
might easily describe the “visions and revisions” of Connecticut’s here-again,
gone-again budget deficits.
Kevin Lembo – so far, Connecticut’s straight-shooting
Comptroller – revised his deficit estimate early in March by $40 million, not
the only revision in Governor Dannel Malloy’s second term. The boost in the
deficit figure, Mr. Lembo said, was the result in part of an over-estimation of
revenue the state had expected to collect from capital gains taxes paid through
the personal income tax.
Capital gains taxes are a rake-off from stocks, and stocks
have been in flux for the past few years. Mr. Lembo has attributed the more
slender tax haul in capital gains to major changes in federal law, among which
was, according to one story, “the termination of Bush era tax exemptions.”
Of course, Wall Street investors understand every elimination of a tax
exemption as a tax increase. One might put the matter a slightly different way
and say, much more truthfully, that Wall Street investments are sluggish
because revenue from the capital gains tax has been increased during the Obama
administration.
We know what is driving state deficits – too much spending
at a time when, at least in Connecticut, the state continues to be racked by a
malingering and punishing recession. The recession rut in Connecticut has been
deepened by repeated large tax increases, burdensome regulations and a crony
capitalist state government that taxes nail salon owners and distributes some
of the tax money collected from small businesses to either solvent large
corporations that might move out of state or smaller businesses whose
continuing prosperity is, to put it gently, questionable. Elsewhere in the
nation, the recession has dissipated – not here.
What is it that is driving the continuing underestimation of
state deficits?
Answer: Neither Mr. Malloy nor the Democratic dominated
General Assembly wish to inconvenience each other. State statute stipulates
that when a deficit reaches more than one percent of General Fund, the
deficit must be resolved by the legislature; that is to say, the budget must be
resubmitted to the General Assembly, a time consuming and politically
embarrassing prospect. The governor’s recission authority, operative only AFTER
the budget has been approved by the General Assembly, kicks in when the deficit
is less than one percent. Properly
speaking, a so-called “recission” that occurs BEFORE the General Assembly has
adopted a budget is a revision, not a recission.
During his first term, Mr. Malloy sent his budget to the
General Assembly, which speedily approved it. The approved budget was then
substantially changed after Mr. Malloy’s closed door negotiations with SEBAC, a union conglomerate authorized to negotiated contracts with the governor. The
changed budget, however, was not resubmitted to the General Assembly for
reapproval – purely for political reasons. Bottom line: The General Assembly
had invested Mr. Malloy with plenary powers that are, to put it charitably, a
violation of state statute, a violation of the state Constitution and a
violation of the doctrine of the separation of powers, which holds that the
legislature, not the governor, is responsible for authorizing appropriations and expenditures.
This time around, the process has been flipped. The budget
submitted to the General Assembly was, despite the fog of confusion that
surrounds all of Connecticut’s budgets, not in balance. Mr. Lembo, whose budget
calculations appear to be far more accurate than those of Mr. Barnes, insists
that the budget submitted by Mr. Malloy is out of balance by some $101.2
million. If the submitted budget is not in balance, constitutional protocol
requires the General Assembly to return the proposed budget to the governor so
that statutory and constitutional requirements may be satisfied. The law,
confining to be sure, is a stop sign. And a government of the people, by the
people and for the people will not roll through such signs with impunity.
The out-of-balance budget likely will not be returned by the
legislative branch to the executive branch: Among progressives, all limits may
be exceeded at will to assure a predestined end. Limiting statutes and
constitutional niceties are for saps to observe. In a one party state, the
governor has only to hit the flashing lights on his cruiser to fly past every
stop sign and red light.
Mr. Malloy, busy in Washington and on the national air waves
promoting the most progressive presidential regime in modern times, has put
himself on cruise control. His budget, he insists, is in balance. It is NOT in
balance. But what cop, hidden behind the bridge, is watching? Mr. Malloy’s
fallback position is: If my budget is not in balance, the same General Assembly
that invested me with plenary powers during my first term will make straight the
way of their lord.
Comments
I'm a Louis MacNeice fan. He's more profane than Elliot, but then, moderate profanity is appropriate for our situation here in Dannel Land.
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...
It's no go the picture palace, it's no go the stadium,
It's no go the country cot with a pot of pink geraniums,
It's no go the Government grants, it's no go the elections,
Sit on your arse for fifty years and hang your hat on a pension...
The important thing is equal access to the games. Will the government provide vouchers? Can we get into the old ball game with our EBT cards, or just get some peanuts and Cracker Jacks?
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A slang term for a gun
Nickname for the Colt Single Action Army