Carter Bundy of AFSCME recently wrote an article attacking the Rio Grande Foundation and its data on government employment that appeared over at www.nmpolitics.net. Wrote Bundy, in part:
In what is becoming an annual ritual, I have to point out the incredibly obvious statistical and analytical errors in the Rio Grande Foundation’s analysis.
Well, we certainly couldn’t let such a direct attack go without a response, so economists Scott Moody and Wendy Warcholik penned a response that appeared at NMPolitics today. While responding to several of Bundy’s points, Moody and Warcholik conclude that:
Despite Mr. Bundy’s wishful thinking, New Mexico is poorer thanks to its bloated government workforce. Not only would the average household save $3,732 in taxes per year with a right-sized government payroll, but over the long-run they would also have another $10,857 in personal income to spend on goods and services such as homes, cars, education and health care.