re: Connecticut joins kansas, louisiana, and illinois in the fiscal dumpster fire club

Hedge funds really have been hammered, though. I know no one is crying for them, but the 2/20 model has basically disintegrated overnight, and it has killed Connecticut's tax base. Connecticut obviously did themselves no favors with their tax policies, but this would have happened even if they hadn't touched taxes.

This is similar to how Kansas was hammered by something more or less outside of their control (collapsing wheat prices), not their budgetary decisions (which, while not helping, weren't the ultimate cause).