No government has ever spent its way to prosperity. Our proposals help governments be fiscally responsible so citizens can be prosperous.
The British Pop band Naked Eyes was ahead of its time. Its 1983 hit song "Promises, Promises" sums up the Governor's health insurance proposal:
You made me promises, promises
Knowing I'd believe
You knew you'd never keep.
Governor Napolitano wants to enroll an additional 100,000 children in the states Medicaid program. No one begrudges children accessing health care, but there are better plans in the private sector.
When Governor Janet Napolitano says she is not going to raise your taxes to pay for her budget priorities, the operative word is your. The $400 million in debt financing she recommends is simply a way of forcing the citizens of tomorrow to pay for programs we want today.
The governors 2008 budget calls for an 11 percent increase in spending over this year--which itself was 20 percent higher than 2006. Adding another $407 million to our debt load balances the budget and allows her to claim a budget increase of just 6.9 percent.
When Milton Friedman passed away, the world lost a great teacher. But we are all better off because he lived at all.
Dr. Friedman taught us many important lessons. His instruction on sound monetary policy brought about the end of runaway inflation. He persuasively argued for an all-volunteer military, helping end the draft.
But, one of Friedman's most groundbreaking ideas concerned education. In 1955, he published The Role of Government in Education, in which he laid out a vision for education that would transfer control from the government to parents:
The Farm Bill is coming up for debate in Congress next year. That presents a perfect opportunity for Arizona's representatives to take a stand against cotton subsidies. Since 1995 taxpayers nationwide have spent $582 million subsidizing cotton growing in Arizona's desert. This practice needs to end.
It makes no sense to spend taxpayer money propping up private enterprises. If property owners want to grow cotton, great, but taxpayers shouldn't have to pay for it.
Policymakers have spent as if they had a limitless checking account in recent years. But state revenue is now set to slow.
Representative Phil Lopes, for one, knows the states all-you-can-spend smorgasbord cant last forever, admitting to the Arizona Republic, Were all limited by the revenue. Slower revenue growth is an opportunity to choose creative solutions to the states challenges, solutions that don't add to the taxpayers burden.
After the New Year, some of us look back and promise to drop those extra pounds, pay off our credit cards, or stop drinking. Twelve-step programs have proven popular in this regard. Perhaps with the ringing in of the New Year, its time for government spenders to sober up. Heres one easy step in that direction.
When I was a child my parents used the old adage: "nothing in life is free." But since they paid for everything I needed, it's no wonder I didn't believe them.
As I grew older, I did chores to earn money for clothing, helped in car washes to earn money for sports, and got a job to save for a car. Eventually I learned my parents were right, nothing in life is free.
From all her talk about investing, one might think Governor Janet Napolitano is trying to channel Warren Buffet. She's always talking about investing in something education, bio-tech, downtown.
But she's not really investing, she's spending. In her first term, General Fund spending surged 70 percent, a bigger increase than any other governor in the past two decades. Not only is general spending up, debt spending is increasing $2 billion a year. Is all this "investing" really good for Arizona?
If there were an award for The Legislative Act with the Worst Understanding of Basic Economics, Arizona's $35 million 21st Century Fund to promote biotech would have to be the 2006 winner.
Arizona policymakers argued that spending taxpayer money on the latest scientific fad will spark growth. The City of San Diego is finding out just how wrongheaded that assumption is.
Sometimes clichés fit. Take the recent shenanigans at the federal Ninth Circuit Court of Appeals for example. The court decided to put Arizona's voter ID law on hold. We can't be sure of the court's reasoning, but the plaintiffs spent a lot of time explaining how grueling it is to secure photo identification. Talk about making a mountain out of a molehill.