I grew up in the 1980s and have watched America slide from being a civilization that was the envy of the world into something resembling empire or feudalism or I-don't-know-what. The US literally declared its independence from England to shrug off authoritarianism/aristocracy. Yet we've reproduced that wealth inequality here.
We're going to have to draw a line in the sand that says that we believe that we can build a dignified society together. That means that we've got to stop worshipping rugged individualism when our billionaires got rich on government contracts and let children starve in poverty. The hypocrisy has reached self-destructive proportions.
If free childcare is gonna sink the country, then we're already sunk. Same with free healthcare and free education. You want to know what sinks a country? When grocery prices triple and (waves hand at everything).
That said, this is a fine thing for a state to experiment with. From other comments, it sounds like NM's ability to try this out is related to a recent oil and gas boom. We'll see how it goes.