Budgets (page 9)

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    CJ reports: School construction bond passes House education committee

    Carolina Journal‘s Lindsay Marchello reports: The House K-12 Education committee OK’d the statewide school construction bond bill, but questioned the formula used to decide how much each county would get for school construction. The committee met Tuesday to debate House Bill 241. It pledges $1.9 billion to fund…
    Anna Manning, March 6, 2019
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    Causes and effects of unfunded public pensions

    Unfunded pension liabilities are driving up the cost of state government borrowing. For states, there may not be much difference between Republicans and Democrats. But for local governments, Democratic control means more unfunded promises. When people voter with their feet, the problem gets worse: Today’s public-sector employees…
    Joseph Coletti, March 5, 2019
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    Barron’s notes growing indifference to growing deficits

    Randall Forsyth of Barron’s documents a disturbing trend for deficit hawks. [T]he administration of President Donald Trump, the self-described “king of debt,” is running a budget deficit at an annual rate of $1 trillion, or nearly 5% of gross domestic product, in part because of a huge tax…
    Mitch Kokai, March 4, 2019
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    The real root of retirement risks

    Andrew Biggs provides a reminder that governments are the main source of concern for future retirees’ incomes. while household retirement savings are growing, government retirement plans—Social Security, government employee pensions and the federal Pension Benefit Guaranty Corp.—are underfunded by up to $26 trillion. The World Economic Forum estimates that…
    Joseph Coletti, March 1, 2019
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    Daily Journal: From the Green New Deal to Venezuela: A million percent inflation and all

    JLF’s Roy Cordato writes for Carolina Journal’s Daily Journal: As the specifics — and many of the absurd objectives — of Rep. Alexandria Ocasio-Cortez’s Green New Deal have come to light, the common refrain from Democrats who support it is that the plan is “aspirational.” In other words, they…
    Anna Manning, March 1, 2019
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    Trump to force Democrats’ hand on spending cuts

    Amber Athey and Saagar Enjeti of the Daily Caller report on the Trump administration’s budget strategy. The White House will submit a fiscal year 2020 budget to Congress in coming weeks which seeks to force the Democratic party’s hand on accepting spending cuts. Acting Office and Management…
    Mitch Kokai, February 27, 2019
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    EdBuild: NC funds its schools equitably

    Some education advocacy organizations claim that North Carolina does not fund its school equitably, that is, the state fails to provide additional funding to its highest need public school students.  But those analyses are based on local funding differentials that fail to take into account state funding, which is, by…
    Terry Stoops, February 26, 2019
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    What happens when judges make up facts

    Wake County Superior Court Judge Bryan Collins overturned two constitutional amendments approved by voters in November, arguing that the General Assembly are “usurpers” who “did not represent the people of North Carolina.” John Hood explains how this fact-free ruling will endanger Democrats and invite “chaos and confrontation.” In his…
    Joseph Coletti, February 26, 2019