Jodi Rell on Budget & Economy

Republican CT Governor

Financial crisis came from unbridled greed & lax oversight

Families in Connecticut and across the nation are rightly fearful and angry. They want to know how and why this happened, and whose fault it is. They also want to know how they will ever be able to afford to retire or put their child through college, given the steep declines in their 401k's and savings accounts. How will they afford to pay their bills if they lose their job?

Unfortunately, other than unbridled greed by far too many on Wall Street and almost criminally lax oversight by far too many in Washington, there are no easy answers.

No easy answers, but lots of questions. Lots of concerns. These are the worst financial times any of us can remember. Let's face it, it's scary.

But one concern people should not have is a state government they cannot afford--which is what they have right now. And cities and towns will need our attention as they also struggle with the fiscal pressures of the economy.

Source: 2009 State of the State Speech to the CT General Assembly , Jan 7, 2009

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Page last updated: Nov 23, 2011