On this week’s interview Paul sits down with Tom Clifford to discuss New Mexico’s hidden pots of money and billions of dollars in unspent funds sitting around, often not generating a return. Tom Clifford was cabinet secretary of the New Mexico Department of Finance and Administration under Gov. Susana Martinez. He now works as Research Director with New Mexico Tax Research Institute.
Why is New Mexico sitting on billions in unspent funds? Could there be a better approach? What should be done with those dollars instead?
So you’re suggesting even more money that is currently being set aside in financial institutions should be spent? I thought that was kind of the opposite of right wing economic philosophy.