Go Big TIDD Go

New Mexico has no shortage of opportunities for reckless public finance.  Our history is riddled with huge boondoggley infrastructure projects and sour investments.  But even by those standards,  TIDDs are a big one. 

Denver Post -Politics West noted NM Senate passage of the SunCal bill for TIDDs.   NMFBIHOP sums it up and gives good tweet from Gwyneth:

SunCal got $408 million of your tax money today, thanks to a vote of 29-9.

Despite the efforts of Sen. Eric Griego, who argued passionately against the TIDDs to help expand urban sprawl in Albuquerque, the bill passed. SunCal has been throwing money around to all sorts of Representatives and Senators in Santa Fe. And, despite the dire economic situation we find ourselves in, too many Senators decided to give the money to this corporation.

Gwyneth Doland had some excellent tweets from her Twitter account today. My favorite was this:

Sen. Eric Griego has got his knee on the neck of the Winrock TIDD and he is punching it in the face repeatedly.

To no avail. 

Money sure does funny things to people.  Even funnier is what the mere promise of money will do to people.  The NM Senate doesn't get the joke.

Comments

[suz]

What did the Senators who voted for this really get? I saw the list of lobbyists that Lora Lucero sent around and they've been busy selling this idea which doesn't make sense to our Senators who appaently had their stupid hats on.

[mwfolsom]

Suz asks:
What did the Senators who voted for this really get?

I figure we won't know till the Feds convene a Grand Jury and some Indictments are handed out. I'm expecting they will get 10 to 20 years but that's only a guess.

Finally Manny will have company!

The latest joke on this - So, what did Senator X get for working for SunCal's TIDD? 10 to 20 years with time off for good behavior.