I just had to shake my head in amusement when I read this article today:
Here we are two days after tens of thousands of North Carolinians took to the streets to protest government debt and spending and the state decides its a good idea to take on another $400 million in debt.
Not only is the timing suspect, but the General Assembly is struggling to put together a budget for next year and this $400 million will add another $16 million in just interest payments in debt service to next year's budget. That's $16 million more in spending cuts or tax increases that must occur just to pay for today's debt sale.
So more debt, more spending as a result of today's action. No wonder they buried the news late on a Friday afternoon.