report from Washington confirm NC led the Country in the number of jobs lost for November.
What does that tell you about Raleigh's plan and its use of all that Federal Stimulus money which disapears at the end of the month; although we still have the pleasure of repaying $148,000,000 annually in interest payments to the Feds for money borrowed to keep Medicaid afloat.
And the Legislature has not even begun to face the increasing budget deficit which must be considered in the next fiscal year budget. I say increasing as last summer it was estimated at $3 Billion; recently it was up to $3.7 Billion; can it hit $4 Billion by February?
If anyone thinks every state Department, including Education, will not feel some pain, you must be on drugs.
As it stands now, the Legislature will need to come in with a budget of about $15 Billion, down from $19 Billion currently, to keep the state afloat.
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