Connecticut may have just a week's worth of cash

New York, Illinois and California are not hogging the headlines any more. Here comes Connecticut. Like everywhere else these guys think short term and thumb in the dike. The Formula will grind on here and the $520 million will be blown and more needed almost immediately.

Jim

Jim,

Which State has more than a week's worth of cash? Not many. If trend doesn't spell infinity and beyond - more federal money, nothing does. Roosevelt's New Deal, endless stimulus, had many faces and acronyms.

Can you name them? CCC, CWA, FHA....

Connecticut this autumn probably would have just a little more cash than it needs to pay a week's expenses unless it issues $520 million of debt, according to the state treasurer.

Source: reuters.com
Source: americanhistory.about.com