We No Longer Have A Spending Cap
The “smoke” and mirrors” used by the Democrats in this latest budget is in a word …breathtaking. Many of you are well aware of the new spending, taxes, Keno and the historic borrowing, but one of the gimmicks that is truly in the face of taxpayers is the circumventing of the state spending cap that was adopted in 1991 when the income tax was approved. The spending cap was supposed to be a guard against excessive spending and would require three-fifths vote of each chamber to revise the cap,however the legislature has never adopted legislation to make is constitutional, although voters overwhelmingly approved it. Traditionally the legislature has tried to honor the cap and when Republican Governors were in office a simple veto would be the “firewall” requiring two-thirds vote from both chambers to override, but “The Malloy Supremacy” took the historic position of permanently shifting Medicaid reimbursements and some additional federal funding from under the spending cap. It all sounds very, very confusing and it is meant to be, bottom line the spending cap is no longer. With billions shifted “off budget” the cap no longer really exists, the Democrats can’t even pretend it exists, 22 years of some fiscal restraint out the window. This is what you get with one party rule.