NMPolitics.net (https://nmpolitics.net/index/tag/economy/page/37/)
Four members of New Mexico’s congressional delegation are expressing serious concerns about President Barack Obama’s tax compromise with Republicans, primarily because it includes an extension of the Bush tax cuts for the wealthiest Americans. Continue Reading
To everyone who is concerned about the U.S. economy and somewhat adept politically, I ask you this: If you sincerely want to get the economy rolling, then why not accept compromise and allow the economy to do just that – get rolling? Continue Reading
The N.M. Educational Retirement Board fund doesn’t appear to be in immediate danger. So let’s look for a solution to make the fund solvent indefinitely without breaking a promise to employees who have already planned their retirements. Continue Reading
Gov.-elect Susana Martinez is nominating Republican businessman and former congressional candidate Jon Barela to be her administration’s secretary of economic development. Continue Reading
When Margaret Thatcher became prime minister, she faced a nasty recession and high unemployment just as New Mexico faces today. She took a hard line against unsustainable collectivist policies – so hard, in fact, that she gained the nickname the “Iron Lady.” Our new governor faces the same woefully unattractive situation. Continue Reading
My hope is that Gov.-elect Susana Martinez realizes she must blame herself for being surprised by the bad news about the budget deficit. Continue Reading
We at the Rio Grande Foundation have put together a list of potential spending cuts that works from the assumption that K-12 and Medicaid are indeed “off the table.” The fact is that tough decisions need to be made. Continue Reading
There’s outrage over a proposal that would require public education employees in New Mexico to pay more into their retirement funds and potentially work longer before they can retire. Continue Reading
A bipartisan group co-led by former U.S. Sen. Pete Domenici is proposing a 6.5 percent national sales tax to help deal with America’s debt and deficit. Continue Reading
Two features in the Sunday edition of the New York Times point to the dramatically perilous future we might face if we don’t start seriously addressing the challenges before us. Continue Reading
Gov.-elect Susana Martinez said repeatedly on the campaign trail that she opposed any cuts to education and Medicaid. Faced with a dramatically larger budget deficit than previously predicted, she instead talked on Friday about protecting “classroom spending” and “basic health care for those most in need.” Continue Reading
The governor-elect, let’s call her M., is struggling to gain access to the mysterious financial authorities of a castle known as the Capitol, who govern the state budget using unknown and surrealistic accounting methods. First the deficit is $260 million; now it’s $450 million. What’s it going to be next? Continue Reading
Republican Gov.-elect Susana Martinez opposes tax increases, cuts to education and Medicaid, and taking money from the permanent funds to deal with the state’s fiscal crisis. Two fiscally conservative Democratic lawmakers say that’s not realistic, and they expect her to shift gears soon. Continue Reading
Paul Gessing takes an enormous leap of faith in his blog post about the effectiveness of tax cuts. There is hardly conclusive evidence that the 2003 income tax cuts created any jobs, much less were responsible for the economic growth prior to the 2007 stock market crash. Continue Reading
The economic evidence is clear; a larger private sector means more jobs and higher income for all of New Mexico’s residents, not just those lucky enough to be employed in the public sector. Continue Reading