Wyoming Liberty Group
Twenty years ago, President Bill Clinton signed welfare reforms into law that revolutionized American anti-poverty policy. Critics warned these changes would cruelly condemn vulnerable families to extreme hardship. But new evidence shows these reforms lifted millions of families out of poverty.
Maureen Bader and Gary Freeman discuss the need for a Taxpayer Protection Pledge. Can you family afford to pay an additional $27,000 per year to support a supersized government?
State revenues are declining dramatically and are expected to continue to decline. That means big ticket items, even crucial ones like K-12 education, must feel the pinch. No one wants the quality of education in Wyoming to drop, but the spending on it must decrease. Why? The Consensus Revenue Estimating Group (CREG) projected in January that total minerals distributions in the five-year period 2016-2020 would be 29 percent or some $2.6 billion less than in the five years 2011-15. That will require real efficiencies and they can only be found where real dollars are being spent.
We often point to the third-party payer problem as the cause of the explosion in health care costs. Insurers pay doctors who provide services to patients. This separation of payer and patient means the patient has little incentive to question the cost or even the quality of service.
Now imagine what would happen if a big part of a state’s spending is funded that way.