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SCOTUS skeptical that state abortion bans conflict with federal health care law; Iowa advocates for immigrants push back on Texas-style deportation bill; new hearings, same arguments on both sides for ND pipeline project; clean-air activists to hold "die-in" Friday at LA City Hall.

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"Squad" member Summer Lee wins her primary with a pro-peace platform, Biden signs huge foreign aid bills including support for Ukraine and Israel, and the Arizona House repeals an abortion ban as California moves to welcome Arizona doctors.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

One Week to CO Election Day: Does No Debt = Smart Government?

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Tuesday, October 26, 2010   

DENVER - Election day is just one week away, and among the issues Colorado voters are considering this year is one designed to keep the state from going into debt. Amendment 61 would end borrowing at the state level, and significantly restrict local borrowing as well.

Mark Neuman-Lee, policy analyst for the Colorado Fiscal Policy Institute, says Amendment 61 would be crippling.

"We need the ability to to borrow in order to build any major large construction project. All of these large public construction projects were built using public financing."

Neuman-Lee says that, in effect, the measure would mean that governments would have to have the complete cost of a project in hand before starting construction, be it roads, a new school building, or a public hospital. He says a restriction on borrowing would be devastating for the state's economy, ultimately costing the state both public and private jobs.

Shepard Nevel, vice president of policy and operations for the Colorado Health Foundation also believes the measure would lead to disastrous circumstances.

"This would be comparable to telling a Colorado family that the only way that they could buy a house is if they paid all cash."

Former state lawmaker and county commissioner Bill Jerke is a lifelong Republican, who says that even as a fiscal conservative, he can't support stopping all state borrowing.

"It's far more difficult to make things work when all of a sudden Colorado is the lone state in the union that has bonding for public projects work completely differently than every other state in the union."

Proponents say Amendment 61 re-affirms an 1876 ban on state debt - forcing the state to live within its means.




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