Will that be cash or check? Nah, I’ve got plastic, my man – you hep with that?

Suzy Toozy, Ct. Chief Budget Advisor

Suzy Toozy, Ct. Chief Budget Advisor

Malloy puts entire $550 million deficit on American Express. “This way we don’t have to cut spending, so everyone will still like me and golly, do you know what kind of frequent flyer miles I’ll be racking up?”

Profile in courage.


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15 responses to “Will that be cash or check? Nah, I’ve got plastic, my man – you hep with that?

  1. Anonymous

    Will Steve Cohen step up ?

  2. Anonymous

    Is it really possible for someone with 8 billion to be put away.
    Don’t they usually reach some sort of agreement….??
    Like, here you go SEC, here is 250 million, can I go now?

  3. reform town taxes nnnnnow

    why dont we start by cutting town taxes as well. layoffs. really,

    do we need 151 cops. start the audit there.

  4. JRH

    $123 million in unilateral cuts in November, which is the most the governor can make without legislative approval. Governor Rell left with governor with a $3.5 billion deficit, and shortly before heading off to public housing, Governor Rowland left the present of a 20-year contract with public employee unions that limits the current administration’s options until it expires in 2017. I’m hoping that when the legislature goes into special session on December 17, Mr. Frantz will have something to contribute besides more bromides about how if we just were to eliminate the estate tax, we’d have a finance-driven boom and, despite what this man might have to say about it, slashed tax rates would send state revenues through the roof.

  5. Cos Cobber

    Total bullshit answer JRH. The dems have had a super majority in Hartford for a dozen years which makes every budget a democratic budget. Why did Malloy trade no layoffs for weak union concessions? Why did Malloy change the financial reporting for the state budget from nov 1 st to nov 12th?

    How Malloy handles the red ink in Hartford in the upcoming budget cycle will certainly be interesting and it’s a good bet the union money behind the democratic party won’t be dissappointed.

  6. anonymous

    The problem with American Express is you have to pay your bill in full every month. Molloy is more a Discover Card kind of guy.

  7. Georgie

    Malloy’s record starting with his broken promise to not borrow to pay for current bills is pathetic.

    Can the Republicans put up a serious, thoughtful alternative to run against Malloy? It all comes down to the devil you know versus the one you don’t.

    • I dont remember the name of that Irishman who ran against him last time but he seemed a better alternative than Malloy and I saw in Greenwich Time that he’s going to run again. He came close last time-6,000 votes? , but defeating an incumbent is tough given voters inclination to just click on the name of whoever’s already there. See Himes, J,.

  8. Balzac

    JRH writes: “Governor Rowland left the present of a 20-year contract with public employee unions…”

    JRH, don’t make stuff up and expect us to believe it. I’ve never seen any contract longer than 3 to 5 years (from my 25 year experience with unions). Would you like to present any evidence confirming your claim of 20 years?

    • JRH

      Sure, Balzac, though I’m surprised you didn’t even venture a Google search, which would have dissipated your disbelief rather quickly. But happy to help, here’s a contemporary Hartford Courant story.

      From a New York Times article:

      Due in large part to a 20-year labor agreement negotiated by Gov. John G. Rowland in 1997, Connecticut has been locked into an increasingly untenable relationship with its employees. Under that contract, the state is obligated to pay 10 times as much for employee pension costs as workers do — the second-highest ratio among the 10 largest state pension systems, after Florida.

      Not inclined to believe the Times or the Courant, then take the right-wing rag The American Spectator:

      In 1997, Rowland signed a controversial 20-year benefits deal with SEBAC that will run through 2017.

      • Rowland did indeed lock the state into that contract, albeit under extreme pressure from the Democrats who run the legislature. Of more interest, perhaps, is to see how the politicians and the Hartford Courant described the plan, which saw Rowland caving on every single union demand: no 30% contribution to health care costs, no layoffs, an annual COLA, etc. – The plan was touted as one that would “save millions”, “$140 million in just the first two years!”. Those “savings were derived solely from the one concession the unions did allow, a departure from accounting rules so that the government could pay less into their pension fund than was required. This was a no-brainer for the unions, of course, because that concession permitted them to keep receiving their bloated salaries and maintain their bloated ranks, while incurring no risk of losing their pensions down the road when the fund went bust because the state would still be on the hook.
        To repeat what another reader has pointed out, to claim that it’s been Republican governors and not the Democrats who have run this state forever who are the cause of our unsustainable budget deficit is just pure hypocrisy.

  9. Balzac

    Well I’ll be damned, JRH. Thanks.

    “Under the agreement, state employees and retirees still would be able to choose a plan that pays for 100 percent of their [health] coverage.” (Courant story)

    Paying 100% has obviously proved unworkable.