Most people paying attention to the American economy over the least few decades are already well-aware that “trickledown economics” – the notion that if the rich are allowed to gorge themselves, significant wealth will “trickle down” to folks at the lower levels — is hogwash. As has been shown repeatedly, the gap between the rich and everyone else continues to grow at an alarming rate.

This morning, however, we do see compelling evidence of another kind of trickledown effect that is real; it’s taking place right here in North Carolina. This trickledown effect involves the state budget and its impact in the real world.

Here’s how it works: Read More…