Wisconsin – The Future of Connecticut and Hamden
by Ronald S. Gambardella ◊ Mar 04, 2011
Wisconsin stands as a shining beacon for taxpayers everywhere that have been insulted, disregarded, marginalized, plundered, and maligned. You may have heard politicians speak of sharing the pain with the taxpaying public especially as their failed policies help contribute to the current fiscal crises, but when benefits, pensions, and raises are handed out without a minimum of concern for the taxpayer, it is the taxpayer who must shoulder the pain – there is no discussion of sharing anything with anyone. The hypocrisy is maddening.
Wisconsin’s voting public has finally awakened to the most basic and fundamental truth – the state is broke and the taxpayer is tapped out. They simply cannot tax and spend anymore. The folks who have taken a stand against fiscal impropriety are simply saying, “Enough is enough.” No amount of spin, demonstrations, anarchy, and cowardice will change the state’s determination to work their way toward prosperity through fiscally conservative polices in spite of the tremendous opposition. I applaud them for their efforts.
What has begun in Wisconsin will surely spread throughout the country. Hamden is no exception. We have a governor and mayor who haven’t seen a tax that they don’t like. What part of “we are broke” don’t you understand? Mayor Jackson has yet to deal with the root cause of Hamden’s fiscal crisis – employee benefits. For those who are reading this and are ready to attack the messenger, understand this: without a meaningful restructuring of the current benefit package, all employees are at risk of the town not meeting its obligations in the future.
In short, pension checks and medical benefits for the most vulnerable will be in jeopardy. Any attempt of the mayor or, in fact, the governor to spin this reality is simply denial. Taxpayers are fed up with the same folks who created the problem now trying to tax their way out of this mess.
Problem solving is not one of Mayor Jackson’s key skills. In recent statements, Mayor Jackson was concerned that he cannot find a qualified candidate to work as Director of Public Works at the current salary. Honestly, does anyone really believe this?
Instead, Mayor Jackson hires a former town employee who served six months as a police chief maximizing his pension, currently serves on the town council, and is now drawing a salary as the Public Works Director. What chance does the Hamden taxpayer have in the face of such a decision maker who values cronyism over the very people he is sworn to serve? The answer is, “No chance at all.” Someone, please help us, we are drowning in tax and spend government.
Ronald S. Gambardella, EA, is a Registered Representative of Lincoln Financial Securities Corporation. He can be contacted at 203.281.5512, toll free at 800.685.5727, or visit him on the web at www.rongam.com. Securities and advisory services offered through Lincoln Financial Securities Corporation, Member SIPC.