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goldminingXpert (29.37)

To solve Colorado's budget crisis, think like a banker

Recs

30

September 28, 2009 – Comments (14)

My article in the Rocky Mountain Collegian today:

 

"The mood has turned sour at the Capitol in Denver over the past few months as our state government has faced an alarming shortfall in tax revenue. This has led the Colorado government to cut funding for the disabled, elderly, universities and even go so far as to release thousands of prisoners from our jails early.


Sadly, the traditional method of thinking about budgeting has led our leaders into the stale policy-making approach of cutting spending and raising taxes to try to fill the cancerous hole in our state's finances.

What's needed is a new and modern approach, and that's where America's indefatigably creative financial system can help.

When banks ran into trouble in 2007 and 2008, they didn't try to cut expenses as Colorado has done; instead they went to the government and demanded low-interest loans.

To get our own loan, we must concoct a big lie to prove our neediness... continued here.

14 Comments – Post Your Own

#1) On September 28, 2009 at 1:46 PM, goldminingXpert (29.37) wrote:

hmm, now CAPS blog is messing up my text and not linking right, sigh.

http://media.www.collegian.com/media/storage/paper864/news/2009/09/28/Opinion/To.Solve.Colorados.Budget.Crisis.Think.Like.A.Banker-3785289.shtml?reffeature=popuarstoriestab 

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#2) On September 28, 2009 at 2:22 PM, kdakota630 (29.46) wrote:

Link

There you go, and you're welcome.

Loved the article, BTW.

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#3) On September 28, 2009 at 2:26 PM, MikeGi (96.45) wrote:

Haha, great article.  Although would it really be worth it to merge with California?  There are at least 40 better options out there, and I'm sure we can engineer some crisis in one of those states to give them the illusion that a merger is in their best interest.

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#4) On September 28, 2009 at 3:56 PM, goldminingXpert (29.37) wrote:

Thanks Kdakota.

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#5) On September 28, 2009 at 4:07 PM, givmeabreak (28.99) wrote:

You are a brave young man.

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#6) On September 28, 2009 at 6:38 PM, Option1307 (29.65) wrote:

Ha ha ha awesome, good work GMX!

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#7) On September 28, 2009 at 7:46 PM, DaretothREdux (39.93) wrote:

Possibly my favorite article of yours yet.

Dare

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#8) On September 28, 2009 at 7:59 PM, ChrisGraley (29.65) wrote:

I can't rec this one enough.

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#9) On September 28, 2009 at 11:06 PM, semper77 (32.33) wrote:

Awesome article, GMX!

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#10) On September 29, 2009 at 11:18 AM, NVTreasureHunter (28.91) wrote:

+1 :-)

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#11) On September 29, 2009 at 11:58 AM, 4everlost (29.35) wrote:

The merger doesn't have to be with a contiguous state, does it?  I think the state gov should consider MI or MA.  First, the name combinations are very intriguing.  Think of Massacolorassadoshetts or Colomichigaradon.   Second, the travel needed to conduct the affairs of the combined states will justify more federal money.  There must be some way to contort the situation to link to the money allocated to green energy and fuel efficient cars, right?

Rec #21 is mine.

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#12) On September 29, 2009 at 12:34 PM, d1david (29.10) wrote:

nice article

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#13) On October 01, 2009 at 12:49 AM, BigFatBEAR (29.09) wrote:

Hahaha, this is pretty epic, even from a liberal spend-o-crat point of view, like mine. :-D

It's just well-written. The tone, while sarcastic, isn't off-putting, which I think is quite a feat indeed. What kind of reception did this one get from your peers / the public?

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#14) On October 01, 2009 at 2:33 AM, goldminingXpert (29.37) wrote:

People liked it actually, I got a couple of nice e-mails from people and no angry letters to the editor.

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