North Carolina has borrowed $2.4 billion from the federal government to pay unemployment benefits, “yet another twist in the Gordian knot of state economic and budget problems that Gov. Bev Perdue, a Democrat, and Republican state House and Senate majorities will have to solve next year,” reports the N&R’s Mark Binker.
Binker raises the possibility that the “state could borrow through bonds to repay the money.” He doesn’t attribute that suggestion to anyone, but don’t think it’s not on the minds of more than a few legislators, in spite of the fact that it’s total insanity.
