It's almost time for the Tax Day Tea Party at the State Capitol in Denver (with a great idea for an official logo, compliments of Ben Hummel). Here's where it gets good: While we citizens will be standing outside, protesting government overreach and proclaiming our rights, inside the members of the state house will be wrestling with the tough decisions of a budget vote. Funny thing is, the decisions wouldn't be nearly so tough if the Democrat-led legislature had voted three years ago to create a rainy day fund (PDF) proposed by Representative Cory Gardner and Senator Josh Penry. Instead, the same day as the Tea Party takes place, the Democrats will be trying to avoid tough decisions by raiding hundreds of millions of dollars from the … [Read more...]
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...]