The New York Times reports:
Think of Connecticut, and what comes to mind are the swells of Greenwich, the exurban good life of Litchfield County, the land of New England steady habits. By some measures America’s richest state, it still evokes images of Yankee stability and enterprise relatively immune to the nation’s economic and political tumult.
The reality is different. For the past two decades, the state has finished dead last nationally in creating new jobs. A recent forecast by an industrial consulting firm, IHS Global Insight, projected it would also finish last in job creation over the next five years.
Connecticut’s finances are among the most troubled in the nation: it is last or close to last in financing pension obligations and retaining reserves for emergencies, and near the top in per-capita debt. And on Tuesday, Moody’s lowered its outlook for the state’s bond rating to negative from stable.
How bad is this true Blue American state?
fewer workers employed now than in 1987.
Progressive income taxation, unions, land use restrictions, massive regulations: a modern hell for the middle class. But, progressives call this situation "enlightened".
