No government has ever spent its way to prosperity. Our proposals help governments be fiscally responsible so citizens can be prosperous.
What happened to bring about this challenge?
In May 2013, the Goldwater Institute sent a letter to the City of Phoenix asking it to end its illegal policy of allowing senior police personnel to increase the amount of their pensions by cashing in unused sick leave, vacation, and other benefits. This practice of "pension spiking" violates state law. The city's refusal to end this policy is an affront to the rule of law and the Goldwater Institute is representing Phoenix taxpayers to stop this abusive practice.
Despite recent stock market highs, Arizona's pension systems remain dead men walking. Officially, the state's major pension funds are 72 percent funded, just 7 percentage points above what the federal government defines as the "red zone," or in critical condition. This means they are short at least $14.5 billion, or $2,300 for every man, woman, and child in the state.
Have you ever squeezed a balloon and had parts of it squeeze out between your fingers? Unless you pop the balloon with a pin, it will reemerge somewhere else when you squeeze it. Public employee pensions have become balloons, and abuse of public pension systems keeps oozing despite attempts to put the squeeze on it.
Uncle Sam thinks he knows what’s right for your health, and he’s using your hard-earned money to teach you that lesson. Two years ago, the Goldwater Institute reported that the Centers for Disease Control and Prevention (CDC) gave Pima County, Arizona nearly $16 million through its Communities Putting Prevention to Work program to reduce obesity and promote healthy lifestyles. Our friends at Cause of Action, a watchdog organization that reports on government waste, have released a report detailing how Pima and other counties have been spending your tax money.
Recently the very fashionable turned out to bet on their favorites in the Kentucky Derby. But betting on horseraces – economic horseraces – has been all the rage in legislatures across the country for decades. Unfortunately, legislators are more like problem gamblers than successful high-dollar poker stars.
Outside Star Trek’s mythical “dilithium” power crystals, there is no such thing as clean energy. That’s one lesson learned from a new Beacon Hill Institute report, The Economic Impact of Arizona’s Renewable Energy Standard and Tariff. The report illuminates the expense of renewable energy as well.
As the battle over Medicaid expansion rages, supporters of expansion have dusted off an age-old favorite in making the case for taking federal dollars - “If our state doesn’t take the money, those dollars will just go to some other state instead.”
Contact: Lucy Caldwell
FOR IMMEDIATE RELEASE: FIXING FEDERAL DEBT IS UP TO THE STATES
Compact for America is exactly what Founders intended to check Washington