I think Colorado's Democratic powerhouses behind Amendment 59 need to get on the same page. It was only last month that State Treasurer Cary Kennedy was overheard saying that Amendment 59 will "drive a stake in the heart" of the Taxpayer's Bill of Rights. In yesterday's Denver Post, however, outgoing House Speaker Andrew Romanoff sought to argue that under Amendment 59 "'the heart' of TABOR — that all tax increases must have voter approval — would be preserved." Uncle Charley came to the valid conclusion:Romanoff and Kennedy need to talk to each other: How do you preserve TABOR’s heart after a stake has been driven through it? Exactly. Someone needs to cartoon this... If you're going to take away all future TABOR refunds … [Read more...]
Barack Obama and Democrats’ Role in Failing to Avert Financial Crisis
Writing at Bloomberg News, economic analyst Kevin Hassett unravels the story behind the recent financial meltdown (H/T Rossputin). An opportunity to avert the crisis came in 2005 with the introduction of legislation to provide a "world-class regulator" of government-sponsored mortgage loan institutions Fannie Mae and Freddie Mac. Then-Federal Reserve Chairman Alan Greenspan noted that failure to address the problem was "placing the total financial system of the future at a substantial risk.'" Here's the key passage from Hassett's article (though you should really read the whole thing - it's not terribly long):If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage … [Read more...]
Candidate Evie Hudak: “I Support the Entire Democratic Party Platform”
Perhaps the most closely contested state legislative race of 2008 is the battle for Senate District 19 in Arvada and Westminster. But how close would it be if people really knew what Democratic candidate Evie Hudak stood for? Yes, the same Evie Hudak who has a bizarrely condescending view of homeschoolers and parental responsibility in education. A revealing document goes even further, telling us just how much Evie Hudak is attuned to a rigid, Left-leaning ideology - far more than to the interests of everyday people in Senate District 19. On an online questionnaire for the Progressive Democrats of America, Hudak wrote:I support the entire Democratic Party platform. I have supported the issues in previous elections as an active Democrat … [Read more...]
Bill Ritter’s Judicial Hubris Continues As Anti-Taxpayer Case Proceeds
Three months ago I asked the question: "What does Bill Ritter know about the Supreme Court to gamble taxpayer dollars?" Yesterday, the same sort of hubris was on display, following the oral arguments that were held before the state's highest court to hear Gov. Ritter's appeal in defense of his unconstitutional property tax hike. The Denver Post reports:Ritter's office has downplayed the need for any contingency plans in the event the high court throws out the mill-levy freeze. Evan Dreyer, a spokesman for Ritter, gave a low-key response. "This is a complex case, and it is now in the hands of the court," Dreyer said. "We appreciate that the court heard oral arguments so quickly, and we look forward to the court's decision so we can … [Read more...]
Democrat Cary Kennedy Admits Amendment 59 is Anti-Taxpayer
In case you had any doubts about the intentions of leading Colorado Democrats in bringing forward Amendment 59, Education Week brings you the straight skinny (H/T Rocky Mountain Right):Colorado Speaker of the House Andrew Romanoff praised the [National Education Association]’s state chapter as one of the “most aggressive and successful†groups assisting Democrats in their takeover Colorado’s Statehouse and governor’s mansion. State Treasurer Cary Kennedy (no relation to RFK Jr.) said that Democrats would win a ballot initiative to “drive a stake in the heart†of the state’s Taxpayers Bill of Rights [TABOR]--a conservative cost-cutting measure. Yes, the Democrats behind Amendment 59 - Andrew Romanoff and Cary Kennedy - … [Read more...]
Clearing Up the Facts about Sarah Palin’s Record (for Slow-Learning Commenters)
Since I have several commenters here who insist upon trafficking in rumor and innuendo about Republican vice-presidential nominee Sarah Palin, I feel impelled to post a couple useful links: - FactCheck.org: "Sliming Palin" - Pajamas Media: "Separating Palin Fact from Palin Fiction" And yes, I know that Sarah Palin didn't always oppose the "Bridge to Nowhere" and did accept earmarked federal funds years ago as Wasilla mayor, though she ended up strongly (and has remained) on the right side of the issue. Alaskans have taken for granted that Palin is responsible for killing the "Bridge to "Nowhere" (until very recently, even the Alaska Democratic Party even acknowledged as much on their website). Besides, do Barack Obama and Joe … [Read more...]
School Leaders Seeking More Taxpayer Money in Presidential Election Year
In an article printed today, the Denver Post's Jeremy Meyer asks why Colorado school district leaders are pushing a massive slew of construction bond proposals on the ballot:But presidential elections produce large voter turnouts, and 90 percent of Colorado school ballot issues pass when they are on the general election ballot. "My hypothesis is the larger turnout means (districts) are reaching into a voter base that is generally less informed about local issues and more inclined to give money to schools because it sounds like it is the right thing to do," said Ben DeGrow, education-policy analyst for the Independence Institute, a free-market think tank based in Golden. On the other hand:DeGrow, however, said he thinks Colorado … [Read more...]
Putting Today’s Economy in Perspective
It's national election season, which means perspective on the economy is badly needed. Thanks to Rossputin for highlighting this article from economists Brian Wesbury and Robert Stein. Read the whole thing for yourself, but interesting tidbits are that family income last year hit its first all-time high in 7 years, income inequality declined faster than at any point in the previous 45 years, and the poverty rate stayed below its pre-1999 norms. Yes, economic growth has lagged, causing the country to flirt with recession. But according to Wesbury and Stein, "these figures bolster the case that the underlying fundamentals of the US economy were sound in 2007, before the Federal Reserve decided to try to inflate our way out of financial … [Read more...]
Tim Pawlenty: Quick Thoughts
Update: Looks like I got headfaked, like many others. Pawlenty appears to be out. Speculation is on Alaska Gov. Sarah Palin. Kudos to Steve if this is correct. In part he writes about her:Not only is she a woman (which, like it or not, is an issue for some voters), but she also puts a fresh, future-oriented face on the McCain campaign. By upending Alaska's corrupt political class, Palin has actually produced the type of change that Barack Obama can only talk about; and her collar is far bluer than Joe Biden's ever was. Furthermore, she is arguably the only candidate who has the necessary expertise to address the single most pressing issue in this election: gas prices. As Governor of Alaska, Chair of the Interstate Oil and Gas Compact … [Read more...]
$7.9 Billion: RTD FasTracks Now Nearly 70 Percent Over Original Cost
The Denver Post reports today that the price tag for Regional Transportation District (RTD)'s taxpayer-funded FasTracks plan has jumped again:The price of the FasTracks rail expansion — if it is to be completed by 2017, as promised to voters — has jumped from $6.1 billion to $7.9 billion, according to officials familiar with RTD's latest analysis of the program. Approved by voters in 2004 for $4.7 billion, estimates later rose to $6.1 billion - a 30 percent increase. Now they have skyrocketed to $7.9 billion, nearly 70 percent higher than original estimates. According to the Post, RTD either has to narrow the scope of the project, delay its implementation, or ask for more tax money:Centennial Mayor Randy Pye, who heads the 37-member … [Read more...]
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