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Showing posts with the label The Motley Fool

Twenty Pounds Of Tax Increases, One Ounce Of Spending Cuts, Please

Haskell and Hillary Keith Phaneuf, a reporter for CTMirror, set afire the imposture without doing too much damage to the tender feelings of Connecticut’s ruling class. In “ Lamont eyes emergency budget cuts, even as reserves swell ,” Phaneuf notes 1) that the reductions are minor rescissionary cuts, and 2) that the deficit Governor Ned Lamont seeks to reduce through his rescission authority represents a piddling “0.1 percent of the General Fund.” Phaneuf notes, “Ned Lamont has also recently raised the specter of emergency budget cuts — something his predecessor did frequently to the consternation of the General Assembly.”