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Jan 09, 2008 -- TABOR could help reign in state spending

Talk radio hosts were ecstatic with the results in New Hampshire yesterday. The thought of a Hillary-less race nearly drove them to tears. They need a foil and she's the best woman for the job. Reading the exit polls, Clark finds it interesting that terrorism has dropped on people's lists of concerns. Terrorism remains a top issue for him. The economy is, of course, one of the big issues. According to a recent poll, GOP voters (and the Dems, too) are unhappy with Bush's economic stewardship. This harkens back to the idea that people are happy in their own lives, but they're unhappy with where the country is. So here's Clark's prediction: People will vote with their own specific pocketbooks in mind if unemployment continues climbing; the price of oil stays high; and the dollar remains in the toilet.

Gov. Schwarzenegger currently is involved in a battle with the California legislature over the state's budget deficit. You'll see this scenario repeated in state after state because of the economic slowdown and the housing slump. States are required to balance their books each year, but that's not so with the feds. Longtime listeners know that Clark admires Colorado's TABOR (Taxpayers' Bill of Rights). The idea behind TABOR is that state spending must be capped at the rate of population growth plus the rate of inflation. In Clark's estimation, more states should look at adopting TABOR to pay for everything that politicians promise.

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This week's poll
Do you like the idea of auto insurers switching to a pay-as-you-drive model -- where how, when and where you drive may be monitored?
Yes, I'm all for any approach that can save me money.
No, it's too much like having Big Brother in the back seat.
I'm not sure. I'd like the savings, but I don't know if I'd feel comfortable being monitored.
see previous polls


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