{"id":42500,"date":"2021-06-30T21:31:57","date_gmt":"2021-07-01T01:31:57","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=42500"},"modified":"2021-06-30T21:31:57","modified_gmt":"2021-07-01T01:31:57","slug":"why-elections-matter-2","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=42500","title":{"rendered":"Why Elections Matter"},"content":{"rendered":"

Yesterday The Carolina Journal<\/a> posted an article about North Carolina spending policies in recent years.<\/p>\n

The article reports:<\/p>\n

At $6 trillion, President Joe Biden\u2019s first budget calls for an unprecedented level of federal spending. Republican members of Congress who criticize the president\u2019s plan are understandably reminded by Democrats that the GOP did not do much to resist\u2014and even contributed to\u2014excessive government spending during President Donald Trump\u2019s time in office.\u00a0During those four years, rampant spending led to nearly $8 trillion in more\u00a0federal debt<\/a>, though this included pandemic-related funding approved with bipartisan support. Still, this represents a 40% jump in mortgaging the future of ourselves, our kids, and our grandkids. It\u2019s time for\u00a0responsible budgeting<\/a>\u00a0at every level of government.<\/strong><\/p>\n

Republicans in Washington don\u2019t have much of a leg to stand on when it comes to criticizing the profligacy of congressional Democrats and the Biden administration. But Republicans in many state capitals across the country, however, do. That\u2019s because Republican governors and lawmakers in several states are getting government spending under control by passing\u00a0conservative budgets<\/a>\u00a0which remain below population growth plus inflation.\u00a0North Carolina is among the most prominent examples of this phenomenon\u2014but is not the only one.<\/strong><\/p>\n

Since Republicans took control of the North Carolina General Assembly for the first time in a century a decade ago, they have kept growth in state spending on a conservative budget trajectory that keeps government growth within the average taxpayer\u2019s ability to fund it. Since 2013, North Carolina state spending has grown by an average of 2.24% annually, which is below the population growth plus inflation rate of 2.58%.<\/strong><\/p>\n

These fiscal policies in North Carolina have resulted in budget surpluses and the lowering of the state income tax.<\/p>\n

The article notes:<\/p>\n

North Carolina lawmakers are now working to enact a new conservative budget that provides further tax relief. Those who want to continue the sustainable budgeting of recent years received good news in early June as legislative leaders from both chambers of the General Assembly\u00a0announced<\/a>\u00a0a consensus spending figure that, if the new budget does not exceed it, would have state spending continue to grow slower than the combined rate of population growth plus inflation. More recently, the North Carolina Senate unveiled its version of the budget, which, in addition to spending less than the figure agreed to with the House in early June, cuts the personal income tax rate from 5.25% to 3.99% while phasing out the corporate income tax by 2028. That budget was\u00a0approved<\/a>\u00a0with a bipartisan, veto-proof majority in the North Carolina Senate on June 24.<\/strong><\/p>\n

\u201cWe are pleased to see that the fiscal restraint the General Assembly has shown over the last ten years will continue,\u201d\u00a0said<\/a>\u00a0Brian Balfour, senior vice president of research at the John Locke Foundation, a Raleigh-based think tank. \u201cIt\u2019s a strategy we would like to see added to the state constitution in the Taxpayer Bill of Rights.\u201d<\/strong><\/p>\n

These policies have had the following results (reported in Global Trade<\/a>):<\/p>\n

NORTH CAROLINA<\/strong><\/p>\n

The second-largest food and beverage manufacturing state and the overall fifth-largest manufacturing state in America, North Carolina is home to the largest manufacturing workforce in the Southeast.\u00a0The manufacturing industry employs 460,000 skilled workers in North Carolina\u2013nearly 11 percent of the state\u2019s workforce. North Carolina manufacturing makes up about 20 percent of the state\u2019s gross state product, to the tune of $102.48 billion in 2017 and $31.06 billion in exports in 2018.\u00a0North Carolina has experienced tremendous growth in manufacturing goods in recent years, with a nearly 35 percent increase in exports from 2010 to 2018. North Carolina\u2019s pro-business climate and expert workforce make it an ideal state for manufacturers.<\/strong><\/p>\n

North Carolina has set an example Washington, D.C. needs to follow.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday The Carolina Journal posted an article about North Carolina spending policies in recent years. The article reports: At $6 trillion, President Joe Biden\u2019s first budget calls for an unprecedented level of federal spending. Republican members of Congress who criticize … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13970,13971,13968,625,9082,13969,437,12860,13004],"class_list":["post-42500","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-conservative-budget","tag-corporate-income-tax","tag-fiscal-policies","tag-north-carolina","tag-personal-income-tax","tag-spending","tag-taxes","tag-the-carolina-journal","tag-the-john-locke-foundation"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42500"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42500\/revisions"}],"predecessor-version":[{"id":42501,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42500\/revisions\/42501"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}