Wednesday, May 03, 2017


It is almost too much to bear.  Governor Martinez equating a sugar tax rejection in Santa Fe as an indication that all taxes are bad.  She truly is a third rate thinker, maybe fourth rate.

And then we are reminded that there is now a $21 billion dollar total in the state's permanent funds which are not the result of taxes but mostly of payments for state owned oil and gas resources sucked out of the ground.  Tooting my  own horn here, but that money grew quickly after I became the first ever Land Commissioner to raise oil and gas royalty rates back in the 80's.  No land Commissioner since then has had the nerve to raise them again, even during the time of extremely high prices.

The permanent funds are meant to be used for rainy days.  And folks it is raining.  Our Governor and her vacuous and venal  minions in the GOP now see that payment for oil and gas as a way of keeping taxes low, rather than investing it to bring NM out of the 7th circle of economic hell.

Just like trump, someday people will look back at Susana and understand she was truly as demented or inebriated as the cheeto who sits in the White House destroying the Presidency.

  1. so foolish, unreasonable, or out of place as to be amusing; ridiculous.
    "it's ludicrous that I have been fined"
    "a ludicrous idea"

1 comment:

Bruce Shah said...

She is not stupid - just venal. After she has gone, and left the state economy in rubble, she will get a sinecure job with one of the Koch brother's 'think' tanks for being a good soldier.