Tallying Up the Bailouts

Over at Reason, there is a tally of the various federal bailouts — total damage about $2 trillion. Interestingly, the Washington Post recently ran an article quoting several economic experts who believe that the AIG bailout was ineffective. This latest news is not surprising considering that another major government intervention in the markets, the ban [...]

Udall vs. Pearce on Spending

It is no secret that Tom Udall is fairly liberal and Steve Pearce is rather conservative. But, without having each of them take the quiz I discussed in this recent post, it may be hard to tell just how conservative or liberal they really are. Well, my former colleagues over at the National Taxpayers Union [...]

Legislature Adjourns: Only Minor Damage

In case you haven’t already heard, the special session is over. The Governor’s pared down rebate plan was pared down further so that if your family earns $70,000 or more, you get nothing. Medicaid has been expanded by $20 million which is likely to be recurring and will grow over time.
It would certainly have been [...]

Iron Curtain over Santa Fe

Democracy in New Mexico is hard to come by because most citizens don’t know what’s going on in the opaque shadows of government. Unless you’re actually attending the legislative sessions and committees in Santa Fe, odds are you won’t be able to see through the impenetrable iron curtain surrounding the Roundhouse.
New Mexico is one [...]

What do we really owe?

When discussing the federal budget, the size of the numbers being dealt with and their different meanings and calculations becomes overwhelming and even irrelevant. The federal deficit is an example of this. While President Bush and federal bureaucrats like to cite our supposedly reduced deficit as a result of their successful policies, when future obligations [...]

Mayor Marty’s Budget Exerts Fiscal Restraint

In case you missed it, I had an opinion piece in the Albuquerque Journal on Friday in support of Albuquerque Mayor Marty Chavez’s fiscally-restrained 2009 budget. While we have been critical of some of the Mayor’s priorities in the past, his willingness to cut spending and move forward with modest tax relief is welcome.
Albuquerque’s [...]

Sen. Domenici: Part of the Problem in Washington

Pete Domenici may be popular here in New Mexico in part because he brings the pork home for New Mexico, but he’s also a big reason why the Republican Party has lost its moorings on fiscal matters.
I received word of the following exchange from a staffer at the Heritage Foundation. This debate just occurred on [...]

Reasons Your Taxes Will be Going Up

An article linked to from Yahoo’s main page caught my attention “9 Reasons Your Taxes Are Going Up.” While you never know what you are going to get and what the ideology of the story’s author, it is hard to argue with most of the author’s points.
Particularly relevant are number four, Congress’s lack of willingness [...]

One Boondoggle to Another

We’ve certainly discussed the extremely flawed capital outlay process a few times before in this space. So, we read with interest the Albuquerque Journal’s recent stories on the capital outlay money that was shifted from some projects to others (especially the Unser Museum) recently. Tthe articles are for subscribers only and can be found here [...]

Richardson’s Selective Vetoes Expose Flawed Funding Process, Waste

According to Barry Massey of the Associated Press in the Albuquerque Journal (Gov. Vetoes $7M In Senate Pork, Mar. 6, 2008), the Governor vetoed $500,000 for “renovation of a law enforcement complex in Deming, $10,000 for a plasma television and related equipment, $10,000 for weight room equipment, and $30,000 for field maintenance equipment for the [...]

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