#ncga: OK, repeat after me. Bonds ARE NOT taxes. There is NO ‘H’ in “Tim.”

I’ve got mail:


Subject: Joint Republican Caucus
Importance: High

To:   Joint Republican Caucus Members

There will be a Joint Republican Caucus meeting Wednesday, May 27th at  8:30 AM in the General Assembly Auditorium, 3rd Floor Legislative Building.

Governor Pat McCrory will speak to us regarding his Bond Proposal.  The meeting will probably last an hour.  Please be on time.  We will start promptly at 8:30 and want to have time for questions.

Please contact me if you have any questions.


Representative Pat Hurley

Joint Republican Caucus Leader


Thank goodness I got this.  (I thought Gov. Pat and I were penciled in for drinks at Sullivan’s.)

Seriously, it sounds like the agenda involves selling the idea that bond issuesconfused and tax increases are independent concepts.  When bond issues are approved, the state and its residents are on the hook for a certain dollar amount.  We’re borrowing money because we don’t HAVE that certain dollar amount standing by.  Revenue to pay off the loan must be raised.  How is that done?  More money has to be extracted from the suckers taxpayers. You do that by increasing the cost  of living and breathing in North Carolina.  THAT can include tax increases.

Well, it appears the hard sell for Gov. Pat’s bond issue has gone into full swing inside the caucus: