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...]
Random Monday Morning Musings
Monday morning -- The world of Colorado politics is quiet ... too quiet. About 9 days left in the legislative session, and some version of Senate Bill 228 is still lurking out there. Will Democrats really rush ahead with this taxpayer-unfriendly idea? In other random news, Ken Buck is in the U.S. Senate fray. Immigration almost certainly figures to be a hot-button issue in the primary, if not the general election itself. But what does it all mean, with incumbent appointee Michael Bennet's apparent weakness among Hispanic voters? In other words, it's simply too quiet out here. … [Read more...]
SB 228 a Sure Way to Lower Colorado’s High Economic Freedom Ranking
Sean Paige (the American Contrarian) points readers to a recent study from the Mercatus Center at George Mason University that shows Colorado ranks 3rd among the states in economic freedom. Apparently, statehouse Democrats, along with the occasional useful Republican, strongly feel Colorado ranks too high. How else do you explain Senate Bill 228? One of the leading arguments against SB 228 - including among the moderate sectors of the business community - has been the threat posed to a reliable stream of transportation funding. But a watcher makes the case that the real winning argument is simply to demonstrate the outrageous growth of government caused by repealing the 6 percent spending cap. I say: Give me both arguments. … [Read more...]
Democrats’ Anti-Taxpayer Shell Game Demands a Principled “Party of No”
The other half of Colorado Democrats' shell game rolled through the state senate last night - with one of the longest debates on a state legislative bill in recent memory. Senate Bill 228 would repeal the state general fund's 6 percent spending limit and allow additional funds to be diverted from transportation to pet government programs (now mainly supported by Democrats). It's the latest in a series of actions by Governor Bill Ritter to raise taxes and grow government without asking the people of Colorado first. So much for confidence in his own agenda. … [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...]