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North Carolina is one of only a handful of states that enjoy the highest credit ratings from all the major bond-rating agencies.
Published: Thursday, January 7th, 2016 @ 11:21 am
By: John Locke Foundation
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The North Carolina Senate has approved a Taxpayer Protection Act by the required three-fifths vote. The measure approves amending the North Carolina Constitution to place caps on income-tax rates and spending growth while requiring lawmakers to set aside money in a rainy-day fund to guard against...
Published: Saturday, August 22nd, 2015 @ 3:35 am
By: John Locke Foundation
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Fiscal conservatives tend to look askance at large issuances of public debt. In this sentiment, they are in good company. "I go on the principle that a public debt is a public curse," wrote James Madison, "and in a Republican Government a greater curse than any other." His mentor and friend...
Published: Friday, September 26th, 2014 @ 11:03 am
By: John Locke Foundation
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If during the past few years of fiscal instability, you consoled yourself with the fact that at least North Carolina's pension fund for teachers and state employees was sound, I'm going to ruin your day.
Published: Friday, August 3rd, 2012 @ 5:29 pm
By: John Locke Foundation
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