Debating Arizona's 2007 Budget
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Uploaded by GoldwaterInstitute on Jan 17, 2008
Darcy Olsen of the Goldwater Institute debates with a panel on the legislative budget in 2007. The state government, thinking it was awash with cash plunged into the summer of 2007 and emerged with a budget replete with earmarks. Shortly after, Arizona's housing market, the main drive behind state revenue growth, collapses, leading to a budget which will leave the state $1.2 billion in the hole over the next to years. It's not as if the state hasn't had enough cash over the last few years either, Arizona state spending has increased 54% since 2003 (with only a 41% increase in the average individual income). Looks like the state should have heeded the warnings of the Goldwater Institute and brought its spending habits under control.
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Liberals are so predictible and naive. They think they know better than anyone which industries they should use taxpayer's money to invest in. The popular industries are now biotech and green stuff. If there is money to be made in those industries, capital will sweep in and invest, risking their own money all by themselves - if the business climate is right. Companies aren't just sitting in Silicon valley waiting for a science center to be built before they rush into AZ. Go Darcy!
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