Yesterday, the Charlotte Observer labeled the Senate’s latest plan to amend the state constitution to impose tax and spending cuts “a stink bomb” and “a gimmick” and urged lawmakers to “let it die.”
This morning, Raleigh’s News & Observer is equally complimentary:
“The notion of constitutional amendments to cap the state income tax rate at 5 percent and to cap spending in the state budget by connecting any budget hikes to population growth and inflation is just zany. So is the idea of creating an emergency fund that couldn’t be tapped without two-thirds approval by members of the General Assembly….
State Treasurer Janet Cowell, whose management of the state retirement fund and other investments has been exemplary, is rightly alarmed by the idea. That’s why she sent all 170 lawmakers a strong cautionary warning against it….
For the state to adopt these amendments in the name of cutting government would be akin to putting on handcuffs before going into a boxing ring. You can bob and weave for a while, but what happens when you get hit?”
Of course, none of this seems to be dissuading the Senate, which is likely to pass these ridiculous changes this afternoon. The future of North Carolina as we know it, therefore, is likely to soon rest on the the thin reed that is the North Carolina House of Representatives. Here’s hoping there’s a large supply of duct tape on Jones Street.