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 <title>newsobserver.com projects - bonds - Comments</title>
 <link>http://projects.newsobserver.com/tags/bonds</link>
 <description>Comments for &quot;bonds&quot;</description>
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 <title>Re: Cowell warns of furlough fallout</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17408</link>
 <description>&lt;p&gt;Because we would have less to spend, hurting sales tax; be paid less, hurting income taxes, and might let the inmates go spend their time out with all the Repubs.&lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 22:04:35 -0400</pubDate>
 <dc:creator>jemphd</dc:creator>
 <guid isPermaLink="false">comment 17408 at http://projects.newsobserver.com</guid>
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 <title>Re: Cowell warns of furlough fallout</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17397</link>
 <description>&lt;p&gt;again, why would furloughs HURT the once great state of NC, now in shambles at the hands of 100+ years of democrackkk RULE???&lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 19:52:50 -0400</pubDate>
 <dc:creator>FFC1304</dc:creator>
 <guid isPermaLink="false">comment 17397 at http://projects.newsobserver.com</guid>
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 <title>Gov. Ronald Reagan: The Great Taxer</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17392</link>
 <description>&lt;p&gt;Dear Bev,&lt;/p&gt;
&lt;p&gt;A little history lession about a fellow governor you said you admnired during the campaign last year:&lt;/p&gt;
&lt;p&gt;*******************************************&lt;/p&gt;
&lt;p&gt;RONALD REAGAN: THE TRIUMPH OF PRAGMATISM By Lou Cannon, July 1, 2008&lt;/p&gt;
&lt;p&gt;The tip-off on Governor Ronald Reagan’s unsuspected pragmatism came two days after his inaugural speech on January 2, 1967, in which he promised to “squeeze, cut and trim” the cost of government. On January 4, however, he told aides that all the cutting and trimming in the world might not suffice. A tax increase could be necessary, said Reagan, and, if so, he didn’t want to wait “until everyone forgets that we did not cause the problem—we only inherited it.” Reagan’s comment reflected a practical streak that would serve him well in public life. His rhetoric was often unsophisticated—“there are simple answers, just not easy ones,” he often said—but his governance was more nuanced. This pleasantly surprised future Gov. George Deukmejian, a freshman state senator whom Reagan chose to carry his tax bill. Deukmejian had campaigned with Reagan and considered him a fire-eater. “A lot of people, including me, thought he would be ideological,” Deukmejian recalled years later. “We learned quickly that he was very practical.” Reagan faced a serious budget shortfall. In 1966, Gov. Edmund G. (Pat) Brown had dodged an election-year tax increase by changing the state’s accounting practices to count anticipated revenue. This left Reagan with nine months of revenue to pay for a year of services and programs. When he took office the budget gap was estimated by the state Department of Finance at $400 million (more than $2.5 billion in 2008 dollars). Dire as this was, the shortfall estimate soon increased because of weak economic conditions that further reduced state revenues. Within a few months, analysts were warning of a potential $700 million shortfall. Neither Reagan nor his inexperienced aides were prepared for the magnitude of the deficit. “We were not only amateurs, we were novice amateurs,” said Reagan’s communications director Lyn Nofziger. This amateurism was compounded by Reagan’s naïve belief that the brightest lights in California business would be willing to drop what they were doing to serve their state. Then, as now, the post of state finance director is a California governor’s most crucial appointment. The director is charged with the task of consulting with the nonpartisan professionals in the finance department and preparing a budget that in Reagan’s era was supposed to be balanced annually. Reagan hoped when he was elected that some of the best brains in California’s leading corporations would volunteer to serve as finance director. When no one in the business community stepped forward, Reagan offered the post to A. Alan Post, the pioneer legislative analyst who at the time was considered the leading expert on California fiscal issues. But Post turned down the job, and the appointment process lagged. After another highly rated expert also declined the post, Reagan appointed a management consultant who lacked budget expertise. The budget that the new finance director prepared and that Reagan submitted to the Legislature sought 10 percent across-the-board cuts in every agency. As Assembly Republican leader Robert Monagan observed, this “cookie-cutter” approach would have punished the best-managed departments and rewarded those with slack.&lt;br /&gt;
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Page 2&lt;br /&gt;
Reagan was disappointed in this lack of support from the legislative leader of his party, but he withdrew the budget. Meanwhile, he pursued symbolic economies, including hiring and purchasing freezes, that one analyst of the Reagan transition called “ludicrous diseconomies.” As an example, the analyst observed that the Department of Public Works had purchased cabs for 40 trucks before the freeze and was prohibited from buying the rest of the vehicles. Reagan also sold the state airplane and cut down on out-of-state travel by government employees. Although the savings of such squeezing and trimming were small, the effort enabled Reagan to make the case to the public that he had done all he could to economize and needed to raise taxes. In March, along with a new budget that proposed controversial cutbacks in the Department of Mental Hygiene, Reagan sent the Legislature a wide-ranging menu of proposed tax increases carrying a price tag of $946 million. It was the largest tax increase ever sought by a U.S. governor and four times as large as Gov. Brown’s previous record in 1959. By the time the bill cleared the State Senate the price tag was $1 billion, more than $6 billion in 2008 dollars!!&lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 18:40:44 -0400</pubDate>
 <dc:creator>AquaMan</dc:creator>
 <guid isPermaLink="false">comment 17392 at http://projects.newsobserver.com</guid>
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 <title>Re: Cowell warns of furlough fallout</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17389</link>
 <description>&lt;p&gt;You know how you fix this? You stop borrowing and spending more that you take in. And if you lower taxes on those that actually pay taxes you will get much more back when the economy takes off again. The Democrats have squandered oppoertunity after opportunity the past 10 years or so. Time to pay the piper as they say.&lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 18:11:26 -0400</pubDate>
 <dc:creator>tangoz</dc:creator>
 <guid isPermaLink="false">comment 17389 at http://projects.newsobserver.com</guid>
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 <title>Re: Cowell warns of furlough fallout</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17384</link>
 <description>&lt;p&gt;Many lawmakers said they were more interested in furloughs or pay cuts for state employees.&lt;/p&gt;
&lt;p&gt;&quot;Everything is on the table. I like the furlough personally better, but we&#039;ll see how the caucus feels on the whole,&quot; House Majority Leader Hugh Holliman said.&lt;/p&gt;
&lt;p&gt;Perdue also plans to freeze longevity pay and state worker salaries. Teachers would see an average 1.8 percent pay increase, however, because salary steps are built into their contracts.&lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 15:42:45 -0400</pubDate>
 <dc:creator>mommakat</dc:creator>
 <guid isPermaLink="false">comment 17384 at http://projects.newsobserver.com</guid>
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 <title>Re: Cowell warns of furlough fallout</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17380</link>
 <description>&lt;p&gt;It will hurt the state cause it will show that we are so bad off financially that we can&#039;t even afford to pay our employees.  &lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 15:21:52 -0400</pubDate>
 <dc:creator>moehawk</dc:creator>
 <guid isPermaLink="false">comment 17380 at http://projects.newsobserver.com</guid>
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 <title>Re: Cowell warns of furlough fallout</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17373</link>
 <description>&lt;p&gt;As I understand it, she&amp;#39;s saying that you&amp;#39;re not reducing the long-term financial pressure on the state, since those workers will still be there next year. &lt;/p&gt;
&lt;p&gt;— RTB &lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 14:42:44 -0400</pubDate>
 <dc:creator>ryanteaguebeckwith</dc:creator>
 <guid isPermaLink="false">comment 17373 at http://projects.newsobserver.com</guid>
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 <title>Re: Cowell warns of furlough fallout</title>
 <link>http://projects.newsobserver.com/under_the_dome/cowell_warns_of_furlough_fallout#comment-17370</link>
 <description>&lt;p&gt;Why would ordering state workers to take furloughs hurt the state?&lt;/p&gt;</description>
 <pubDate>Tue, 24 Mar 2009 14:23:01 -0400</pubDate>
 <dc:creator>dwcatty</dc:creator>
 <guid isPermaLink="false">comment 17370 at http://projects.newsobserver.com</guid>
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 <title>Re: Etheridge school bill included in stimulus</title>
 <link>http://projects.newsobserver.com/under_the_dome/etheridge_school_bill_included_in_stimulus#comment-14896</link>
 <description>&lt;p&gt;Hey, Top, You&#039;re not familiar with the new rules at the Nus and Ubserver.  You can&#039;t actually criticize democrats anymore.  You can say that any republican eats babies and sells their organs for profit, but Dems, all you can say is &quot;Gee, they&#039;re just swell&quot;.  I guess NandO knows who&#039;s gonna be paying their bills soon.  I bet they&#039;ve already got people lobbying these swell democrats for a little federal &#039;aid&#039;.  Please note that I didn&#039;t use the word for swines, female sex workers or theft, graft, corruption or payola anywhere in my above descriptions of our swell and honorable &#039;public servants&#039;.&lt;/p&gt;</description>
 <pubDate>Thu, 15 Jan 2009 23:05:22 -0500</pubDate>
 <dc:creator>ThoughtCrimes</dc:creator>
 <guid isPermaLink="false">comment 14896 at http://projects.newsobserver.com</guid>
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 <title>Re: Etheridge school bill included in stimulus</title>
 <link>http://projects.newsobserver.com/under_the_dome/etheridge_school_bill_included_in_stimulus#comment-14891</link>
 <description>&lt;p&gt;Our useless politicians at the local, state, and national levels do not care about how far in debt we are as long as they &quot;bring home the bacon&quot; and get credit for it.&lt;/p&gt;
&lt;p&gt;The President of the Dallas Federal Reserve, Richard W. Fisher in a May speech at the Commonwealth Club of California, he states that the US national debt is close to $100 trillion. You can read his whole speech at the Federal Reserve web site. http://www.dallasfed.org/news/speeches/fisher/index.cfm&lt;/p&gt;</description>
 <pubDate>Thu, 15 Jan 2009 18:10:35 -0500</pubDate>
 <dc:creator>TOPASSISTANT</dc:creator>
 <guid isPermaLink="false">comment 14891 at http://projects.newsobserver.com</guid>
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 <title>Re: On the ballot: $2b road bond?</title>
 <link>http://projects.newsobserver.com/under_the_dome/on_the_ballot_2b_road_bond#comment-4219</link>
 <description>&lt;p&gt;Stopping the transfer to the General Fund would be a good start, but a $2B bond would be ridiculous considering the amount of money already taken for highway funding. UNC-Charlotte Prof. of Transportation Studies David Hartgen&#039;s &lt;a href=&quot;http://www.johnlocke.org/press_releases/display_story.html?id=242&quot;&gt;recent study of roads and congestion in NC&lt;/a&gt; found that existing funds would be sufficient for congestion relief, if planners funded modes of transportation in proportion to their demand.&lt;/p&gt;</description>
 <pubDate>Fri, 29 Feb 2008 10:17:59 -0500</pubDate>
 <dc:creator>jonoflocke</dc:creator>
 <guid isPermaLink="false">comment 4219 at http://projects.newsobserver.com</guid>
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 <title>Re: La Vie en Grey</title>
 <link>http://projects.newsobserver.com/blogs/too_much_debt#comment-1059</link>
 <description>&lt;p&gt;Magnifique! Be sure to put some of The N&amp;amp;O&#039;s reporters and editors in there too so they can enjoy their rightful place under the Big Dome Top. And local elected officials in Wake County too because people have enough trouble already recognizing them in the news columns. &lt;/p&gt;
&lt;p&gt;This just in: If you try to put one of these caricatures on your license tag, the DMV is not exactly going to wish you a &quot;Bon Voyage.&quot;&lt;/p&gt;</description>
 <pubDate>Mon, 30 Jul 2007 14:50:37 -0400</pubDate>
 <dc:creator>Proctor</dc:creator>
 <guid isPermaLink="false">comment 1059 at http://projects.newsobserver.com</guid>
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 <title>La Vie en Grey</title>
 <link>http://projects.newsobserver.com/blogs/too_much_debt#comment-1058</link>
 <description>&lt;div class=&quot;content&quot;&gt;
&lt;p&gt;We&amp;#39;re working on adding more caricatures to the blog, bientôt.  &lt;/p&gt;
&lt;p&gt;— RTB &lt;/p&gt;
&lt;/div&gt;</description>
 <pubDate>Mon, 30 Jul 2007 14:06:00 -0400</pubDate>
 <dc:creator>ryanteaguebeckwith</dc:creator>
 <guid isPermaLink="false">comment 1058 at http://projects.newsobserver.com</guid>
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 <title>Re: Too much debt?</title>
 <link>http://projects.newsobserver.com/blogs/too_much_debt#comment-1056</link>
 <description>&lt;p&gt;Grey Blackwell has provided a cartoon rendering &quot;par excellence,&quot; and anyone who has any regrets about it can just shrug it off by concluding: &quot;C&#039;est la vie.&quot; &lt;/p&gt;
&lt;p&gt;Now the way for Richard Moore, Beverly Perdue and all the other gubernatorial hopefuls to show their appreciation for French culture in the Old North State is to go out to Burke County in Western N.C. and have a debate in downtown Valdese for all the Waldensians in the area. They could even get Morganton native and Raleigh newscaster Bill Leslie to serve as narrator, but Burke County is past Carrboro and out of WRAL&#039;s viewing range, so the station might respond with a &quot;Non, non!&quot;&lt;/p&gt;
&lt;p&gt;A lot of the &#039;08 crop of political candidates and the public too would probably like having a Blackwell etching just as much as a regular photograph, but what are the chances of the DMV allowing them on drivers&#039; licenses? Non? (Then how about a mug by Powell?) &lt;/p&gt;</description>
 <pubDate>Mon, 30 Jul 2007 13:58:50 -0400</pubDate>
 <dc:creator>Proctor</dc:creator>
 <guid isPermaLink="false">comment 1056 at http://projects.newsobserver.com</guid>
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 <title>Re: Too much debt?</title>
 <link>http://projects.newsobserver.com/blogs/too_much_debt#comment-1055</link>
 <description>&lt;p&gt;The cartoon is by our in-house artiste, Grey Blackwell. &lt;/p&gt;
&lt;p&gt;It may make Moore look a bit French, but Grey &lt;a href=&quot;http://en.wikipedia.org/wiki/Non,_je_ne_regrette_rien&quot;&gt;regrets nothing&lt;/a&gt;.&lt;/p&gt;
&lt;p&gt;— RTB &lt;/p&gt;</description>
 <pubDate>Mon, 30 Jul 2007 13:13:56 -0400</pubDate>
 <dc:creator>ryanteaguebeckwith</dc:creator>
 <guid isPermaLink="false">comment 1055 at http://projects.newsobserver.com</guid>
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