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4/13/2009 By Ben Leave a Comment

Democrats Gamble State Finances, Majority Status, on Pinnacol “Gimmick”

The budget debate at Colorado's State Capitol heads into full throttle this week. In a tough year, the linchpin to the Democrats' plan is a raid on the privately-funded Pinnacol Assurance Company. Even the Denver Post recognizes this as a bad idea:If lawmakers can't get money from Pinnacol, higher education could be cut by more than $400 million — more than half the state's allotment to colleges and universities. Pinnacol offers guaranteed workers' compensation insurance, and Republicans have argued that because the insurer's assets were funded by businesses paying premiums, the state should keep its hands off. [Attorney General John] Suthers, a Republican, clearly, agrees. The Pinnacol idea is dubious at best. It is a gimmick, a … [Read more...]

Filed Under: Colorado Politics, Fiscal Policy, General, PPC Tagged With: accustomed, Andrew Ripemoff, anti-taxpayer, assets, Attorney General, bad idea, budget, Colorado, court decision, debate, Democrats, Denver Post, desperate times, dubious, editorial, elected leaders, eliminating, eschewing, Face the State, full throttle, funnier take, gimmick, higher education, important connection, insurer, John Suthers, linchpin, majority party, Mary Mullarkey, newfound powers, notch, own hides, Pinnacol Assurance, plan, primary strategy, Republican, risky gimmick, State Capitol, supreme court, TABOR, tax exemptions, tough decisions, tough year, workers compensation

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About Me

Ben DeGrow
Grateful and growing Christian, devoted husband and father of 3, public policy analyst, returned to Michigan by way of Colorado, conservative writer, lifelong learner, Detroit Tigers fan.

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