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Showing posts with the label Micawber

Connecticut Down, Prologue

The reader will find below three self-interviews that are meant to serve as a prologue to a longer piece – “Connecticut Down.”  The first is set a little more than a month after Governor Ned Lamont had been sworn into office; the second is set just before Lamont presented his budget to the General Assembly; and the last is set a day after the Lamont/Looney/Aresimowicz budget was passed by the state Senate.

The Cynic In The Diner

Q: I have lots of questions. A: I’m sure I do not have lots of answers. Q: I’ll ask the questions anyway. A: You always were persistent, an indispensable virtue among good reporters. Q: You were a reporter once, right?. A: No, a columnist. Reporters dig up the truffles, columnists make use of them in their pâtés. Q: When did you start publishing Connecticut Commentary? A: About 2004, thirteen years after then Governor Lowell Weicker destroyed the character of Connecticut, once a magnet for companies seeking to escape the withering hand of autocratic government, by instituting his ill-advised income tax. Q: And you were writing columns back then as well. A: Before then. I’ve been fulminating for more than 35 years. The income tax, a new revenue stream saved the Democrat dominated General Assembly the necessity of pruning back spending over the long term. It resulted in a catastrophic, uninterrupted increase in spending, the efficient cause of the...

Weicker Surfaces, Hartford’s Coming Bankruptcy

Former Governor Lowell Weicker surfaced recently and both condemned, unwittingly, and complimented lame duck Governor Dannel Malloy. Every so often, Mr. Weicker, intent on working the dents out of his legacy, pokes his head above the fox hole, scans enemy territory for a friendly face, and spills some political beans. Ken Dixon of the Connecticut Post asked Mr. Weicker to comment on Mr. Malloy’s decision to pack it in, and he obliged. What Weicker said was, as usual, confusing and contradictory.

Bankruptcy In Connecticut

It’s more than a whisper. Hartford, Connecticut’s capital city, already is bankrupt; no one as yet has bothered to read the last rites over the corpse. The city’s formal announcement of bankruptcy can be deduced from the math, and there is no quarreling with math, as Mr. Micawber, a character in Charles Dickens’ David Copperfield , well knew: “"Annual income twenty pounds, annual expenditure nineteen pounds, nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

The Coming State Budget Crunch

The national economic fender bender should introduce a welcomed dollop of sobriety into budget discussions between Connecticut’s major parties. The Democrat camp, which for several years has argued for a more steeply progressive rate on the incomes of Gold Coast millionaires, has put away its rhetoric, at least for the time being. The millionaires are hurting, and their pain is being felt by redistributionist mayors and congresspersons at the state capitol. Connecticut’s revenues have been diminished by, in Democrat parlance, the parlous financial conditions of the greedy CEOs of Wall Street who are now suffering a well deserved comeuppance. Unfortunately, their setback means that the revenue that poured into state coffers for the last decade and more from dubious financial transaction on Wall Street is no longer trickling down to the big spenders at the state capitol. Obviously, something must be done. At this point, Micawber’s economic theory kicks in. “Annual income twenty pounds,...