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Overwhelming majority of governors support key state fiscal relief program

Post on February 23, 2010 by 1 Comment »

With the near-ubiquity of state budget crisis, infusing capital into hurting states is essential for economic recovery. There are several small, important steps Congress can take toward creating jobs and speeding economic health.

One such step is backed by nearly every American governor, Republican or Democrat.

A bipartisan letter signed by 43 such governors — including our own Beverly Perdue, plus the governors of Puerto Rico, Guam, the Virgin Islands and the Northern Mariana) — was sent to the House and Senate leadership this Sunday. It urges them to extend the enhanced Federal Medical Assistance Percentages from the American Reinvestment and Recovery Act for two further quarters.

Efforts like this help North Carolina support healthier citizens, ease the pain of our budget nightmare, and preserve jobs that might otherwise be lost. This is worth doing.

But don’t take my word for it: ask 43 American governors. Here is a PDF of the letter.

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Comments (Closed):1

  1. IBXer
    February 25, 2010 at 11:25 am

    The US Government and NC Government are both unsustainable. The faster we realize this and accept it the faster we can all deal with it.

    “Imagine your family’s finances if you spent and borrowed like Washington: you’d owe $60 in credit-card loans for every $100 of income. Every month you’d pay back a little but borrow even more. In 10 years, you’d owe $87 for every $100 you made. At some point you’d hand off the debt to your kids. If they worked until 2035, they’d owe more than $180 for every $100 they earned. In 2050, your grandkids would owe more than $320. By 2080 they’d owe seven times their earnings. Of course, lenders would cut them off well before then, and your family would be ruined. But this is the path your government is on right now.” – U.S. Rep. Paul Ryan