In recent weeks, you may have heard that both our state and federal governments are facing some serious challenges when it comes to solving the problems of budget deficits and continued indebtedness. The numbers are alarming.
Here in Connecticut, the state budget is facing a $365 million deficit. In Washington, D.C., the federal government has accumulated an astounding $16 trillion in debt. This week, I would like to share some new information about the budget deficit and how the so-called fiscal cliff could have an impact on families throughout our state.