As the N.C. House prepares to vote on its state budget plan, Joe Coletti offers this assessment:
“The House budget is a no-doc mortgage on North Carolina’s financial future,” said Joseph Coletti, John Locke Foundation Director of Health and Fiscal Policy Studies. “House members are arrogantly assuming they can spend money they do not have. No jobs, no prospects, and no plan. The budget includes $488 million of federal money that got voted down in Congress and another $70 million in debt State Treasurer Janet Cowell has said we cannot afford. This comes with a price tag $1.6 billion higher than advertised. Neither the governor, the Senate, nor the House has yet shown the leadership needed for government sustainability in the state.”
See more of his reaction in the video clip below.
