Wyoming Liberty Group
Maureen Bader and John Birbari discuss Wyoming’s economic forecast and budget shortfall and what to do about it on KVOW Riverton Radio.
When politicians justify handing out public dollars for private benefit, they use the word investment to spin this spending into something more palatable to voters. However, state directed spending in the economy is nothing more than economic central planning in disguise. To stop the growth in central planning in Wyoming, we must bring the state’s role back to that of an umpire, rather than a participant, in the economy.
During Louisiana governor Bobby Jindal’s visit to Wyoming in November 2015, he discussed his strategy to put Louisiana’s fiscal house in order. His basic philosophy of government is that we can grow the American economy or we can grow the government economy, we can’t do both. If we want to grow the American economy we must shrink the government economy. This economic growth strategy worked in Louisiana and it will work in the Wyoming too, if given the chance.
Maureen Bader and KFBC’s Julio Rausseo discuss where the Wyoming budget stands at the moment and Governor Mead’s spending wish list. December 9, 2015
A Rainy Day Fund Raid with a Twist of Sour Lime
Wyoming stands at a fork in the road. Throughout the 2000’s, politicians played Santa Claus with a severance tax bonanza. Saving some of that windfall in a variety of savings accounts mitigated this pork-fest.
Now, as the minerals boom turns to bust, many of our elected representatives look covetously at those savings as a way to shield themselves from the difficult choices involved in limiting government to a level remaining taxpayers can afford to fund.
During Governor Mead’s Business Forum in Cheyenne in November 2015, Dr. Robert Behn from Harvard University presented his theory on the budget cut challenge in the lead up to a discussion by a panel of legislators. Wyoming legislators must decide how to deal with a 25 percent reduction in revenue, a $155 million deficit in the education account for the next biennium alone and the reality that the Rainy Day Fund just isn’t big enough to bail out a spending level bloated by a decade of mineral tax windfall.