Budgets (page 253)

  • Post

    When debt becomes a drag on a national economy

    Most of us learn that too much debt is bad for us. N.C. State economist Thomas Grennes has conducted research that shows the same is true for governments. Once a government reaches a debt level consistently above 77 percent of Gross Domestic Product — on average — its economic growth…
    Mitch Kokai, April 18, 2011
  • Post

    You Can’t Be In Two Places At Once

    It may seem like an obvious physical limitation that no one person can be in two places at once. However, it seems that legislators at both the state and federal level are having a hard time grasping that this concept also applies to money. As budgets are being released we…
    Nicole Fisher, April 18, 2011
  • Post

    If you haven’t yet bought into the need to reform our taxpayer-funded entitlements …

    … despite repeated warnings about their harmful impact on our runaway federal spending, please consider the following short item from the latest National Review: For fiscal year 2011, White House figures show that mandatory federal spending (i.e., emtitlements) will exceed total federal…
    Mitch Kokai, April 18, 2011
  • Post

    New Carolina Journal Online features

    David Bass’ latest Carolina Journal Online report previews this week’s action for the N.C. General Assembly, including initial votes on N.C. House budget proposals. John Hood’s Daily Journal emphasizes the continuing importance of the Tea Party movement.
    Mitch Kokai, April 18, 2011
  • Post

    Becki Gray’s Wilmington Tea Party photos

    Here are some photos from Becki Gray’s appearance at Wilmington’s Tea Party rally.
    Mitch Kokai, April 17, 2011
  • Post

    It’s on …

    A few hours after the General Assembly ratified a bill linking an extension in unemployment benefits to a continuing budget resolution (should the legislature and Gov. Bev Perdue be at loggerheads at the end of the fiscal year), Perdue said she would veto the measure. As many as 37,000…
    Rick Henderson, April 16, 2011
  • Post

    ‘We Ain’t Going Away’

    It’s the theme song of Moore Tea Citizens, one Tea Party group that joined with others across the state and nation today for events related to the traditional April 15 income tax filing deadline. (Since this year’s deadline is Monday, other events are scheduled over the weekend and…
    Mitch Kokai, April 15, 2011
  • Post

    Perdue sends press release touting $141 state contract

    OK, it wasn't the only item in Gov. Bev Perdue's release citing the wonders of her North Carolina Business Preference Program. Only the most ridiculous one. Here's the deal. Perdue signed an executive order instructing state officials to find some way to give in-state companies a leg up over out-of-state rivals for government contracts. Under some circumstances, N.C.-based companies that don't offer the low bid to do a job can submit a second bid and win the contract. To date, the adminstration claims more than $3.6 million in business has stayed at home since January 1. There are tons of problems with this approach, not the least of which is -- if in-state firms could re-bid, why weren't' out-of-state ones allowed to do so as well? How many tax dollars were left on the table by not allowing a full round of new bids?
    Rick Henderson, April 15, 2011