John Ingold at the Denver Post reports, not surprisingly, that Governor Bill Ritter plans to sign SB 108 (aka FASTER) the Democrat bill in the state legislature to raise car fees by an average of $41 a year per vehicle. A reminder for Colorado: You put Democrats in charge, you pay more taxes for bigger government entitlement programs. What, you say? The state has legitimate transportation needs that SB 108 is designed to fund. Those aren't entitlement programs. Except that the so-called "FASTER" bill is merely half of a liberal shell game. The other half is SB 228 - which would rip away limits on state appropriation increases and enable the Democrats to divert hundreds of millions of dollars dedicated to the highway fund (PDF) … [Read more...]
Democrats and Marostica: “Forget the Constitution, California, Here We Come”
When talking politics or economics, it's usually a powerful rhetorical tactic to compare our own Colorado to California - especially these days. In that light, here's a fitting and timely reminder from state senator Ted Harvey:The lesson Colorado’s legislators must learn from this recession is clear: fiscal responsibility works. Even though the legislature collectively fell short of creating a rainy day fund, TABOR and the Arveschoug-Bird 6% spending cap forced Colorado legislators to keep spending low. Had the government enjoyed free rein in ramping up spending – which is a great temptation to many lawmakers tasked with spending other people’s money – Colorado’s budget crisis would be as serious as California’s. [emphasis … [Read more...]
Hillman: The Bitter Medicine We Need
Mark Hillman - the rare person in political life (okay, not at the moment) whom I truly admire - writes in the clearest terms about the dose of bitter medicine America needs:The federal debt is more than $5 trillion — $48,359 per household. And that’s just the tip of the iceberg. We owe another $5 trillion to federal employees and veterans for health care and retirement benefits. However, the cost of retirement and health care programs for the general public really shafts our children and grandchildren. The unfunded cost of providing Social Security and Medicare benefits to everyone alive today is more than $45 trillion. That’s not the total cost; it’s the cost that cannot be covered by existing revenues. The board of trustees … [Read more...]