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If you could eliminate 4 percent of your debt with one pen stroke, you’d want to do that wouldn’t you — especially if it meant removing some redundancy from your expenditures? For example, if you are renting an apartment and it includes free cable Internet access, but you were also paying for DSL through the phone company, you’d quickly cancel your DSL service.
If your debt is typical, a 4 percent reduction would chop $746.16 off your household debt. Not huge, but surely worthy of removing. But if you are the state of New Mexico, a 4 percent savings would be $20 million — which is some real money.
When we are talking about 10 percent across the board cuts in New Mexico to solve the budget shortfall — including schools, being able to save 4 percent in redundancy would mean others only had to have a 6 percent cut. Sounds good. Don’t you think our legislators should look at cutting government redundancy when they can?
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