Wyoming Liberty Group

We here at the Wyoming Liberty Group strive to bring you the latest information. Please enjoy the blogs and comment on them often.

Closer to a Federal Balanced Budget Amendment

This morning the House Revenue Committee passed HB0075 and HJ004, both proposing a so called Article V venue to put a balanced-budget amendment on the U.S. constitution. The two bills share the same goal, and the organizations that provide the background material - Compact for America (HB75) and the Balanced Budget Amendment Task Force (HJ4) - are for all intents and purposes fellow travellers. There is one major difference, though, between the two alternatives: the Compact model comes with a ready-to-go amendment; the Task Force, on the other hand, would leave it to the Article V Convention to draft the amendment.

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Calamity 2020: Income Tax on the Horizon

The state budget problems that I have been warning about since last summer have finally caught up with our state lawmakers. Those who did not hear the wake-up call in the October CREG report certainly woke up to the alarm bells in the January report, which I analyzed on Monday:

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New CREG Report Sounds Revenue Alarm

The message in the January 2015 CREG report was about as surprising as the sunrise this morning: the state’s revenue forecast is even worse today than it was three months ago.

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The American Edge

Take a careful look at this chart. It shows GDP growth rates in the United States and in the part of Europe that is also known as the euro zone. When the Great Recession hit in late 2008 both these economies plunged into a deep chasm of negative growth, sharply rising unemployment and serious government budget problems. 

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Troubling Growth in State Spending

The figure attached to this article reports the increase in total state spending between 2012 and 2014 in 14 states. These are not the only states where spending has increased - it is the group of states where spending went up by ten percent or more.

For all the 50 states, total spending went up by 8.4 percent in the two-year period. This may not seem like much - just over four percent per year - but there are two reasons to be concerned about this spending increase.

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A Glimpse of Fiscal Conservatism

In a bill introduced for the 2015 legislative session - HB0075 - Representatives Barlow and Winters join Senators Case, Hicks and Peterson in proposing that Wyoming adopt the so called Compact for a Balanced Budget. The idea is that Wyoming should join other states in an Article V-based effort at amending the U.S. Constitution to enforce a balanced federal budget.

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Blue Beats Green

A Movie Review

When you look at the Earth from space, it isn't green, it's blue. You can see this in the famous Apollo 8 photograph, “Earthrise”. The Apollo 17 crew called one of their photographs of the Earth “The Blue Marble”. So isn't it a bit odd that a movement that claims to support the Earth and the life on it calls itself green?

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