New Mexico decided in 2019 to give free college courses to all residents.
Then they learned an important lesson. Nothing is free. No amount of good intentions makes something free. Taxpayers pay for it every time.
The state blamed the decision on a decrease on oil profits.
“The first thing we have to note about this whole plan is that it wasn´t even necessary for it to take into effect to notice why this is such a bad idea,” said Attorney Jorge Galicia, a Venezuelan living in New Mexico. “Financing huge social programs with taxpayers’ money (or in this case, oil revenue money) might work for some time, but inevitably the state will run out of money at some point making it impossible to maintain the funding for these ambitious programs.”
But Galicio wasn’t done.
“Imagine what would have happened if the program proposed had been actually enacted before the COVID crisis. What would have the State of New Mexico done to keep the promises made to the beneficiaries of the program?” said Galicia.
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