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Current Wayne County Voter Registration Republican   19,090 Representing 34%

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NC DEBT KEEPS RISING WITHOUT VOTER APPROVAL
By Gary D. Robertson
Associated Press
July 14, 2008

RALEIGH, N.C. - The General Assembly is forever in debt to a 1991 court opinion that allowed North Carolina governments to approve certain types of borrowing without voter approval.

This year, the Legislature went on a borrowing spree in the budget, authorizing $857 million in debt over the next four years. That's the largest amount ever approved in one year without requiring a public vote. Most of the borrowing is so-called "special indebtedness" that will pay for 1,500 prison beds, more than 15 university and state buildings, even an oyster hatchery and the renovation of the polar bear exhibit at the North Carolina Zoo.

"If the Legislature can authorize a billion dollars of debt without a vote, why would they ever offer another bond issue again?" asked John Hood of the conservative John Locke Foundation and a frequent critic of nonvoter approved debt..

Republicans who voted against the budget said they were disturbed by the amount of borrowing, as well as spending cash on planning for an additional $1 billion in future projects.

"So we're now going to add (payment) requirements over $100 million to the next three or four years," said House Minority Whip Bill McGee, R-Forsyth. "I think problems are coming for the taxpayer."

Hood likened the nonvoter-approved borrowing in recent years to the frog that will jump out of a pot filled with boiling water, but fails to notice a slowly rising temperature until it's too late.

"I think the taxpayers are at the risk of being cooked," Hood said.
 
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July 22-6 PM @ GOP Headquarters- All invited Daughtery for Commissioner Committee Meeting

 

THE OBAMA WATCH

Click Here A Video Portrait Of Barack Hussein Obama

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Our Local News

Be sure to visit 2008 Candidate Page for more info on each candidate.

Other News
The 3rd District Cookbooks, THE RIGHT RECIPES, are on sale for $20. This hardcover, ring binder book includes over 450 no repeat recipes. There are a few available at the Headquarters, but call Ann Sullivan 734-1218.

The 3rd District is raffling a 5 day 4 night Cruise to Key West and Cancun, Mexico for December 1. Tickets are $5 each, 3 for $10, or 7 for $20. Drawing to be held at NCGOP Convention in Greensboro, June 7th. Cruise ONLY, and includes outside cabin. Contact Ann Sullivan 734-1218.

National Political News


  bulletAugust 11bullet 

Monday

Wayne County Republican Party Executive Committee

7PM @ Headquarters 

147 South Center Street

bulletJuly Meeting  bullet

Cancelled

Wayne County GOP Club

7PM @ Headquarters 

 Contact Ann Sullivan

@ 734-1218 or  ncdbann@aim.com

 

JohnMcCain.com

 

 

 

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  Last modified: Monday, July 21, 2008

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