Today's Denver Post news story on Governor Bill Ritter's signing of Senate Bill 228 offers the generous headline: "Colorado's fiscal knot loosens". I've taken the liberty to complete the thought with my own sub-headline: "Noose nearly large enough to fit around taxpayers' necks". The article is correct insofar as it points out that the impact of this bill in repealing limits on the growth of discretionary government spending likely won't be felt for a couple years. But that provides little solace, especially when you listen to the righteous confusion coming from the Democratic cast of characters behind this anti-taxpayer legislation. … [Read more...]
Denver Tax Day Tea Party vs. Democrats’ Overreach on State Budget
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...]
Bill Ritter Ginning Up Excuses for His Attack on Taxpayer Protections
Wandering out to the Western Slope on his cross-state jaunt with his U.S. Senate protege Michael Bennet, Governor Bill Ritter yesterday sat down with the editors of the Grand Junction Daily Sentinel. When asked about his reckless anti-TABOR remarks ("the straightjacket") in his State of the State speech, here's reporter Mike Saccone's retelling of how Ritter defended himself:He started by saying that if Colorado has taken all the money it has refunded under TABOR and kept it in a rainy-day fund, Colorado would not have had to make massive budget cuts in the last recession and an estimated $600 million worth of cuts this year. Here's the problem, though. Bill Ritter already chose to pass up a legitimate chance to put money from Referendum … [Read more...]
Bill Ritter in a “Straightjacket” over Colorado’s Taxpayer Protections
Sean Paige at Local Liberty Online made a great catch, picking up on this excerpt from Bill Ritter's State of the State speech earlier today (H/T Complete Colorado):"There is also an opportunity here – a chance to address TABOR and the constitutional and statutory straightjacket* that makes modern, sensible and value-based budgeting an impossibility. Last year, former House Speaker Romanoff started the conversation, and we need to keep it alive. We need to talk about life after Ref C – whether and when to extend it. We have a chance to find a better way forward, a Colorado way forward." Bill Ritter said what? About 2 months after Colorado voters said No to a proposal to gut TABOR refunds forever and rejected two other major statewide … [Read more...]
Mark Hillman Credibly Criticizes Dems for Failure to Save State Money
Mark Hillman - former state senate majority leader and former state treasurer - once again has established himself as a leading voice of fiscal sanity in Colorado. In an op-ed in today's Denver Post, he assails Governor Bill Ritter and his Democratic colleagues at the helm of the state legislature for their ongoing mismanagement of the looming budget crisis:Balancing a budget during a recession is a difficult job, certainly. But balancing this year's budget didn't need to be this hard if only the leaders at the Capitol had learned from the last recession — or listened to those who experienced it. Last spring, as the economic storm clouds gathered, Gov. Bill Ritter and legislative leaders had opportunities to take precautions. One … [Read more...]
Democrat Moe Keller Happy to Spend Your Money While Spending is Good
Hey, Colorado, guess what? Leave the Democrats in charge in your state for too long, and taste the fruits of bad fiscal judgment. Witness this Face The State story about my own state senator:Audio from April 3 uncovered by Face The State reveals Sen. Moe Keller, a Wheat Ridge Democrat and chairwoman of the Joint Budget Committee, optimistically arguing that Colorado’s economic future is a bright one, even though Federal Reserve Chairman Ben Bernanke predicted on that same day the country was headed into a recession. "We do not have a projection from our economists that we are going into a fiscal train wreck," she said. Moe Keller and her fellow Democrats at the State Capitol are just happy to spend your money while the spending is … [Read more...]