State of North Carolina Archives: on Budget & Economy


Pat McCrory: Tax & unemployment overhaul helped economic crisis recovery

Our spirit of resilience helped North Carolina recover from our economic crisis. When I took the oath of office in January, 2013, North Carolina taxes were among the highest in the Southeast. But working together, we passed historic tax reform that put more money in people's paycheck. It was the first major overhaul of our tax system in nearly 80 years. And two years ago, because of our badly outdated unemployment insurance system our businesses owed the federal government $2.5 billion. But drawing upon our resilience we reformed our unemployment program. We not only aligned our benefits with neighboring states, we also devised a plan to pay off our debt this year, a full 3 years ahead of schedule.

Now in North Carolina, not only do we balance our budget, but when we have a debt, we cut up the credit card and we pay it off. That's a lesson those in Washington need to learn.

Source: State of the State address to 2015 N.C. Legislature Feb 4, 2015

David Rouzer: Fight to cut federal spending & size of government

I am a firm believer that less government is best. I will fight to cut federal spending, reform our entitlement programs, reform our regulatory agencies, and reform our tax code so that we can grow our economy and reduce our national debt, which threatens to render us a third-rate nation subject to the whims of our enemies across the world.

Our country is at a crossroads. Our national debt is now 100% of our Gross Domestic Product. History shows that once a country reaches this point, it is especially difficult to achieve economic growth and our standard of living will begin to decline. The more we spend and the more we tax, the longer it will take to get our economy moving again. The quicker we reduce the size of government, cut spending, reform our federal regulatory agencies, and reduce the tax burden on our small businesses and other job creators, the quicker the economy will turn around and jobs will be created.

Source: 2014 N.C. House campaign website, DavidRouzer.com Oct 10, 2014

Elaine Marshall: Can't cut our way out of deficit; must grow our way out

Burr said, "We're $13 trillion in debt. The answer is to stop spending. Americans are saying 'enough'. The answer is, let's stop spending."

"We can't cut our way out of it," Marshall replied. "We've got to grow our way out of this deficit."

Later, Burr said the question in the election is whether America gets its fiscal house in order or "be included with Greece and the rest of them," an allusion to European countries hobbled by debt.

Source: Charlotte Observer coverage of 2010 N.C. Senate debate Jun 27, 2010

Elaine Marshall: Send back the same people and we won't get out of this mess

North Carolina's three US Senate candidates agreed on one thing Saturday--Washington is broken. But in their first debate, the candidates clashed over who to blame and how to fix it.

In a year when voters across the country are frustrated with government, Burr set the tone early. "Washington has to change," said Burr, adding that Congress, "is not held in high regard. We don't deserve to be."

Marshall, North Carolina's Secretary of State, said she could help fix that. "[Americans] see one side saying 'no' and the other side running scared," she said. "If we keep sending back the same people who got us into this mess, we're not going to change anything."

Marshall described Burr as beholden to special interests. Marshall, who repeatedly described herself as "a strong independent voice," called him one of the top recipients of "big-oil dollars."

Source: Charlotte Observer coverage of 2010 N.C. Senate debate Jun 27, 2010

Richard Burr: Stop spending or we'll end up like Greece

Burr said, "We're $13 trillion in debt. The answer is to stop spending. Americans are saying 'enough'. The answer is, let's stop spending."

"We can't cut our way out of it," Marshall replied. "We've got to grow our way out of this deficit."

Later, Burr said the question in the election is whether America gets its fiscal house in order or "be included with Greece and the rest of them," an allusion to European countries hobbled by debt.

Source: Charlotte Observer coverage of 2010 N.C. Senate debate Jun 27, 2010

Elaine Marshall: Cuts plus appropriate investments

Burr and Marshall quickly diverged from each other Saturday on how the government should handle the nation's economy and debt. Burr repeatedly highlighted the nation's $13 trillion debt that's expected to continue growing. He warned that the US could soon be compared to countries like Greece that are buckling under the weight of their obligations. "The answer is: Let's stop spending," Burr said. He acknowledged after the event that Republicans have been part of the problem. He voted several times for Bush administration budgets that drastically increased the debt.

Marshall, however, said cuts alone wouldn't save the country's economy. "We've got to make appropriate investments--the same thing you would do to make your business more profitable," Marshall said. "You can't cut your way into huge profitability."

Source: Sun-News coverage of 2010 N.C. Senate debate Jun 26, 2010

Richard Burr: The answer is: Let's stop spending

Burr and Marshall quickly diverged from each other Saturday on how the government should handle the nation's economy and debt. Burr repeatedly highlighted the nation's $13 trillion debt that's expected to continue growing. He warned that the US could soon be compared to countries like Greece that are buckling under the weight of their obligations. "The answer is: Let's stop spending," Burr said. He acknowledged after the event that Republicans have been part of the problem. He voted several times for Bush administration budgets that drastically increased the debt.

Marshall, however, said cuts alone wouldn't save the country's economy. "We've got to make appropriate investments--the same thing you would do to make your business more profitable," Marshall said. "You can't cut your way into huge profitability."

Source: Sun-News coverage of 2010 N.C. Senate debate Jun 26, 2010

Roy Cooper: Fund infrastructure, start-ups, and job re-training

Source: N.C. Legislative 1996 National Political Awareness Test Nov 1, 1996

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