We haven’t had one of these in awhile, so feel free to either go out and enjoy the day, another great weekend day, or comment on anything going on.

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When Rell vetoed the GAAP bill, she was essentially prolonging the long history of Connecticut government to ignore fiscal reality and continue talking about the mythical surplus. It seems unlikely that the legislature under the Democratic majority will override the veto. Brian Lockhart’s article digs through the issue:

Republican Gov. M. Jodi Rell and the General Assembly’s Democratic majority abandoned proposed income tax increases this legislative session after learning the state’s surplus had reached $1 billion.

But it turns out the state is simultaneously $1 billion in the red.

Connecticut keeps two sets of books - one for budgeting purposes and the other for accounting purposes.

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