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Message: [QUOTE="freescooter, post: 2679554, member: 1023"] The state basically made dopey deals on pensions and on bond debt neither of which had to be made under the Rowland an Rell Administrations which are now coming home to roost. On bonds they committed to pay bond holders first last and always. It ignored the possibility that in changing times various different priorities might arise. On the pensions they did a deal to postpone payments into the fund on the assumption that growth would continue at 90s levels. Sort of like a balloon mortgage but the value of property stagnates and you can’t come up with the dough to pay it off. And last be honest. While of course you can find a dumb expenditure but did you know GE still pays for A former CEO’s haircut weekly, so it isn’t just government that does dumb things, most expenditures are for things we want or need or that improve life generally for state residents. One other note. Lots of bonding comparisons and tax comparisons are slightly bogus in that in Connecticut lots of things paid for by the state and bonded by the state are done by counties. The route 374s and 148s that our state builds maintains and repairs would likely be county routes in most other places and those expenses would be on the county. [/QUOTE]