What’s in your wallet? (Gov. Pat wants it)

wiywOur reportedly Republican governor wants a $2.8 billion bond referendum on the ballot in November.  Bond referendums — in case you didn’t know — are votes on whether to allow government to take even more money out of your wallet.   

To put things in perspective, our current state government budget is in the ballpark of $21 billion.  So — if the issue passes muster with the voters — we would be borrowing an amount roughly equal to TEN PERCENT of current state expenditures. 

The two most common forms of bond issues are (1) general obligation and (2) revenue.   General obligationlaugh bonds are backed up by the “full faith and credit” of the taxpayers, as well as the taxing power of their government. With these, you are basically voting on whether to give government permission to raise your taxes.  Revenue bonds are paid back via any revenue derived from the operation of the proposed project.

Our gas tax — the highest in the southeastern United States and one of the highest in the country — was meant to pay for road construction and maintenance.  Yet, our leaders are telling us it is just not generating enough cash.  (It might if they were not diverting so much gas tax revenue to non-road matters.)

Wemomoney‘ve also found out that many public schools across the state are being short-changed by the so-called North Carolina Education Lottery.  Where is THAT money going if it is not making it to the school coffers? 

When things get tight in our personal budgets, we cut back on non-necessities to divert money to things that are clearly necessities. Government types cringe like vampires confronted by sunlight when confronted with the mere thought of cutting back on spending or living within means.

I don’t know about you, but I want to be reassured that the honorables have cut all they can cut to reallocate money to these necessities BEFORE they try to reach in my wallet ONE MORE TIME. 

5 thoughts on “What’s in your wallet? (Gov. Pat wants it)

  1. I was born and raised in Concord. I left there in 1962 and have not looked back. The main reason is taxes. NC legislators have yet to see a tax they did not like. Everytime I go back to visit there will be an article with proposed tax increases on something. I love NC and would love to live there again but it is a high tax area. I have seen over the years a cultural change in the population and it isn’t pretty. There are too many liberal people moving there to escape another depressed state. Now they have succeeded in converting NC to the depressed state they just escaped from. I guess they can not get over their misery. The legislators in every state should be required to publish a monthly budget describing just how the state money is spent and how the money for certain projects are diverted to pay off favors. If it were not for the constant increase in taxes I would probably move back to my home state to live out my remaining years. I would be willing to pay my fair share of taxes but what is fair is only fair to the State and local governments. As for Mr. Clifton, there will be more than ONE MORE TIME that the governement will dig deep into your wallet.

  2. Hey people too busy spending your money right now and thinking up new ways to tax you and take your money. You know screw you. Catch ya around election time and we’ll tell you how we’re for conservative values and fighting against tax increases probably throw in a little church chat too to keep those people sending in the checks. It’s the Republican way don’t you know, y’all always fall for it around election time. I are elected that makes me smarter than you. Keep sending us back we’re having a blast with your money. Woot Woot!

  3. What’s in my wallet?

    If the Republicans keep acting like Democrats, there’s going to be an “Unaffiliated” voter registration card in it.

    1. Hey bro’ its all good. Hold you nose and vote for us just one more time. Next time it will be different…we’ll change…we promise.

      Hey staffer!!!! Is my big soiree (pronounced SWA-RAY its French) with BIG PHARMA tonight or was that tomorrow night or was that the US CHAMBER OF COMMERCE PIMPS get together tonight or tomorrow night? They’re always sending me big big check$$$. They love me, so naturally, I loves them back. It’s good to have a large staff to keep all the most important details of why were here ORGANIZED and on schedule.

      Hey bro’ its all good. Hold you nose and vote for us just one more time. Next time it will be different…we’ll change…we promise.

  4. Dear, if I want to be lied to, taken for granted, and have my pockets picked, I can always just invited my ex-husband over for dinner.

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