Budgets (page 254)

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    New Carolina Journal Online features

    Anthony Greco’s latest CarolinaJournal.tv report focuses on the split between leading legislative Republicans over a bill tied to federal stimulus funding for high-speed rail. John Hood’s Daily Journal examines the problems Gov. Beverly Perdue and other state politicians create when they rely on “federal funding.”…
    Mitch Kokai, April 21, 2011
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    Gingrich responds to Obama’s budget ideas

    Former U.S. House Speaker Newt Gingrich uses his latest weekly column at Human Events to respond to the president’s latest remarks on the budget deficit: In a tacit admission that he had failed to provide leadership on the deficit, President Obama wanted a do-over.
    Mitch Kokai, April 20, 2011
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    Barone explains higher tax rates won’t do what the president thinks they’ll do

    Michael Barone's latest Washington Examiner article questions President Obama's understanding of the impact of higher tax rates. Did Barack Obama take Tax 1 in law school? I did, and I remember the first day of classes, when mild-mannered professor Boris Bittker asked a simple question, "What is income?" I was pretty confident I could come up with a quick answer and so were a lot of other students. By the end of the hour, after professor Bittker had politely punched huge holes in every student's definition, it was pretty clear that none of us could. Income is a slippery concept, especially slippery when you're trying to tax it. Which leads me to think that Obama may have avoided Tax 1. Or perhaps he dozed off in class. For in his April 13 speech at George Washington University, the speech to which Standard & Poor's responded by reducing the government's credit rating to "negative," he seemed to think he could get all the money we need to balance the budget from higher taxes on the rich.
    Mitch Kokai, April 20, 2011
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    PPP asks a few of the tough questions

    Democrats are likely to make hay of a new survey by the Democratic Public Policy Polling firm asserting that the Republican agenda in the General Assembly is out of touch with North Carolinians. The release, titled “NC Republicans falling out of favor,” shows majorities opposing the GOP’s proposed cuts…
    Rick Henderson, April 19, 2011
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    The State’s Employee Health Benefits Mess

    Like all fifty states, North Carolina provides health care benefits for its state employees. Unlike other states, North Carolina paid for 100 percent of the monthly premium costs for a basic or “standard” health plan for individual employees plans in 2009, and was one of only seven states at…
    Nicole Fisher, April 19, 2011
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    York predicts game of chicken over debt ceiling

    Byron York‘s latest Washington Examiner article explores the likely political maneuvering over the next congressional vote to raise the federal debt ceiling. Given all the maneuvering, you might think a debt-limit showdown is coming soon. It’s not. Lawmakers, who are currently enjoying a two-week…
    Mitch Kokai, April 19, 2011
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    New Carolina Journal Online features

    Anthony Greco’s latest Carolina Journal Online report explains that Republican legislative leaders are weighing their options after Gov. Beverly Perdue vetoed a bill tying unemployment benefit extensions to a budget resolution. John Hood’s Daily Journal investigates who actually pays North Carolina’s sales tax.
    Mitch Kokai, April 19, 2011
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    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