Only a Politician Would Argue…
2011-03-16 - by
Last year, the state received $10.5 billion in ‘Stimulus Funds’ from the Obama administration – a staggering number equal to one-half the state budget.
This year, the state faces a $2.7 billion dollar budget deficit.
Does that sound a bit like fiscal mismanagement? The state gets a $10 billion windfall from Washington last year and ends up with a deficit on its hands this year?
And what about the additional ‘Stimulus Funds’ coming to Raleigh over the next year – and the $2 billion of last year’s funds yet to be spent?
The Governor’s chosen former Congressman Bob Etheridge (who lost reelection last November because he voted for things like the ‘Stimulus Funds’) to handle that problem – which Etheridge is happily doing, passing out grants in his old district in the event he can’t bear his exile from Washington and decides to run again.
I reckon only a politician would argue any of this makes common sense but that’s where we stand. We’re broke. And still spending ‘Stimulus Funds’ like crazy.
Only a Politician Would Argue…
2011-03-16/
Last year, the state received $10.5 billion in ‘Stimulus Funds’ from the Obama administration – a staggering number equal to one-half the state budget.
This year, the state faces a $2.7 billion dollar budget deficit.
Does that sound a bit like fiscal mismanagement? The state gets a $10 billion windfall from Washington last year and ends up with a deficit on its hands this year?
And what about the additional ‘Stimulus Funds’ coming to Raleigh over the next year – and the $2 billion of last year’s funds yet to be spent?
The Governor’s chosen former Congressman Bob Etheridge (who lost reelection last November because he voted for things like the ‘Stimulus Funds’) to handle that problem – which Etheridge is happily doing, passing out grants in his old district in the event he can’t bear his exile from Washington and decides to run again.
I reckon only a politician would argue any of this makes common sense but that’s where we stand. We’re broke. And still spending ‘Stimulus Funds’ like crazy.