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...]