Connecticut is circling the drain financially - Hot Air Hot Air

Connecticut is circling the drain financially - Hot Air Hot Air
"This is one of those situations where we might be able to take two seemingly incongruous facts and put them together to find a deeper meaning.
Ready?

• Fact number one: Connecticut is one of the richest states in the nation depending how you measure such things. 
• Fact number two: Connecticut has managed to run up nearly $75B in debt and is teetering on the edge of being in worse financial shape than Puerto Rico. (The Daily Beast)

...While ballooning payments for  public employees’ guaranteed pension and health benefits for public employees and teachers are the main cause of Connecticut’s fiscal misery, the state continued borrowing with the abandon of a teenager let loose in a Forever 21 with her parent’s credit card..."