NC Senate’s Wimpy Burger Budget
Leave it to the Democrat-controlled state Senate to pick right up where Gov. Bev Perdue left off, rolling out a budget that is filled with fantasy spending and does nothing to address the financial crisis North Carolina faces.
Instead, the $19-billion monstrosity skirts any responsibility by pulling magic money from myriad hats, refusing to deal with the inevitable and setting taxpayers up for an even bigger and harder fall next year.
Joe Coletti, fiscal policy analyst for the John Locke Foundation, breaks it down here.
The Senate budget relies on more than $1.6 billion in federal funds, $1.2 billion in temporary tax hikes, and $300 million in other one-time savings. These gimmicks may get the state through the current year, but they set up a potential $3 billion shortfall in the 2011-12 budget year.
The money quote from Sen. Bob Rucho, a Charlotte Republican: “We’re putting Band-Aids on bleeding arteries.”
Or as Popeye’s friend Wimpy would say, “I’ll gladly pay you Tuesday for a hamburger today.”
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