Love Connecticut? Do NOT Read This!
Jim Powell of Forbes took a look at how a rich state like Connecticut can find it self in such a terrible economic position. The piece is pretty depressing. Read it here and enjoy some factoids below.
The good news is CT has 4 of the Top 15 towns when it comes to median income – New Canaan (#1), Darien (#2), Westport (#5) and Greenwich (#14)
Now the bad news:
-CT ranks 50th (the worst) in economic growth
-CT’s government can’t implement a budget
-Our debt and pension liabilities are crazy high
-The Cato Institute gave Gov Malloy an F
-We have run up the 4th largest debts per capita at $27,540
-CT is ranked the worst for retirement by TopRetirements.com, mostly because of our probate courts
Read his whole article is you feel like being really sad.
I am no economist. Hell, I am still paying of credit debt from college. I can read and comprehend though and none of these signs are promising. The last bullet above really got my attention because my retired parents are moving here and I will be damned if any corrupt judge will take their property when they pass.
I welcome nay thoughts and ideas on how to fix this in the comments section. The first thing I can think of is voting the (mostly corrupt) bums out of office.
photo credit: (c) iStockphoto/Thinkstock