Taking a Look at New Mexico's Spaceport!

Time’s up for Spaceport America

The irrational belief that a bad investment will, one day, pay off, if we just hold on a little longer, has led to plenty of sorrow in the private sector. In the public sector, though, it’s taxpayers who are victimized when bureaucrats and elected officials refuse to...

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In September, RTW States Score Another Win

The Rio Grande Foundation is tracking announcements of expansions, relocations, and greenfield investments published on Area Development's website. Founded in 1965, the publication "is considered the leading executive magazine covering corporate site selection and...

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State Has Many Opportunities to Reduce Spending

Journal columnist Winthrop Quigley seems to believe that what New Mexico’s struggling economy needs right now is higher taxes. We at the Rio Grande Foundation couldn’t disagree more and believe raising taxes would have further deleterious effects on our economy....

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Senate Leader’s Record Bodes Ill for Economic Growth

  New Mexico’s Senate majority leader – arguably the most powerful elected Democrat in the State – recently laid out some of his views on the upcoming legislative session. He claimed to support “compromise,” but it is clear that what he really means is that he has no...

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Explaining The Folly of NM’s Spaceport

New Mexico's political leaders have few tools available to make the New Mexico Spaceport a viable initiative moving forward. We the taxpayers have already dumped $220 million into the facility to build it (sunk costs). The question at this point seems to be whether...

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Tax-Funded Spaceport was Never a Good Idea

  The recent crash of Virgin Galactic’s SpaceShip2 in the Mojave Desert was a tragedy for the pilot that lost his life in the accident. It was also a setback for Richard Branson, Virgin Galactic, and the entire private space industry. However, for New Mexico...

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The Spaceport and RailRunner: When Do We Stop Digging?

How long do you keep spending money on something before you quit and cut your losses? New Mexico's Legislature will soon face some difficult decisions as to how much taxpayer money to spend on two high profile, Richardson-era projects, the Rail Runner and the...

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Residents Should Think Twice on Spaceport Tax

New Mexico's political establishment has invested a lot of political capital in the proposed spaceport. Gov. Bill Richardson even visited Alamogordo recently to lend his support for the one-eighth cent hike in the county's gross receipts tax. But while politicians...

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