It’s the Spending, Stupid!

We now have suffered from 3 sessions of out of control spending. Here is a quick “back of the envelope” calculation of Big Bill’s spending problem. Adjusted for population growth and inflation, at the current rate of increase real spending will have increased by almost $400 million (in 2005 dollars) by the end of his first term. Contrast that with the increase during two terms for Governor Johnson: $360 million (in 2005 dollars). Our governor has managed to squander the opportunity to provide the needed tax relief that will lead NM to prosperity.