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Y
2015 May 11, 12:59pm
+1
No longer compensated to stay out of the job market, unemployed North Carolinians sought work, and the state’s unemployment rate (nearly the worst in the U.S. when Governor McCrory took office in 2013) fell lower than the national average.
Strategist
2015 May 11, 7:30pm
If it works so great, why not keep doing it until people can't subsist?
Kansas is giving it a shot. They're gonna keep at it until people can't read. They'll carry around bibles, bless their hearts, but they won't be able to read them.
When did spending more than you earn ever worked?
MisdemeanorRebel
2015 May 11, 7:46pm
Some people's spending is other people's income. Cut that spending, and you're cutting income, and it spirals downward.
See the Great Depression.
Only "Media Macro" believers think that austerity grows economies.
Austerity is an excuse to cut benefits and make people more dependent on the Man. Austerity creates a culture of Dependence.
Strategist
2015 May 11, 7:55pm
When did spending more than you earn ever worked?
One thing that certainly doesn't work is confusing persons with states or nations. But to answer your question, it's "worked" for most Republican administrations if you don't give a shit about history. Kansas is just the latest example that conservatives will find some way of denying.
What about democrats? Obama is a democrat.
Some people's spending is other people's income. Cut that spending, and you're cutting income, and it spirals downward.
See the Great Depression.
Only "Media Macro" believers think that austerity grows economies.
If spending like hell worked we would not have a "Greece" Heck, we would not even have a Sudan.
Strategist
2015 May 11, 7:59pm
and it spirals downward.
.....and prosperity rises because that relationship between spending and income is (by someone's definition) destructive.
If Obama sent everyone a million dollar check, we would all be better off?
MisdemeanorRebel
2015 May 11, 8:05pm
Well, I always like to verify claims. Surprise, in NC's case, it isn't even true
Between fiscal years 2013 and 2014, total government spending in North Carolina increased by approximately $972 million, from $42.9 billion in fiscal year 2013 to an estimated $43.8 billion in 2014. This represents a 2.3 percent increase. The cumulative rate of inflation during the same period was 1.58 percent, calculated using the Consumer Price Indices for January 2013 and January 2014. As of 2014, financial services firm Standard and Poor's had assigned North Carolina a credit rating of AAA
http://www.wral.com/news/state/story/3150607/
Since when is a $1B or 2.3% increase considered Austerity?
indigenous
2015 May 11, 8:29pm
If Obama sent everyone a million dollar check, we would all be better off?
Not a stupid question at all...
If it works so great, why not keep doing it until people can't subsist?
Pilgrims came over with no cell phones or tvs, just water insulated ships and canvas sails.
All lively hood is made by people - not governments. The goverment was originally constructed to insure there to pool money and provide common goods and services. Our founding father did not intend to have huge monstrous goverment, with many of the rank and file having tenure, enormous overtime, early retirement, and common jobs with million dollar pensions that start at 50-60 years of ages.
Our founding father did not intend to have huge monstrous goverment, with many of the rank and file having tenure, enormous overtime, early retirement, and common jobs with million dollar pensions that start at 50-60 years of ages.
That's absolutely true, and not just for the US, big government is a disease spreading elsewhere as well. Take the entirely useless EU parliament of gangstas for example. As if the countries could not govern themselves while negotiating and maintaining economic and/or military unions.
Strategist
2015 May 11, 9:16pm
If spending like hell worked we would not have a "Greece"
One of Greece's many problem's is that its wealthy behave as libertarians and don't pay taxes.
Oh God. So the problem is not living beyond your means, it's not taxing enough.
Strategist
2015 May 11, 9:37pm
God, you're such a simple minded dickhead. I say "one of the many problems is" and you say "so THE problem is". You really need to unlearn the stupid tendencies you've acquired after leg humping Call It Crazy for so many months.
The limits of "living beyond your means" are much different for citizens than they are for nations, municipalities and states. When citizens can mint currency, tax other citizens, exempt other citizens from taxation, issue debt instruments based on taxation of other citizens, then your simple mindedness will have some weight.
You just don't get it do you. Zimbabwe tried your recommendations and now they are all trillionaires, but just as poor. The moral of the story is.....real wealth is based on production of goods and services, not production of paper with lots of zeroes.
There Aint No Such Thing As A Free Lunch.
indigenous
2015 May 11, 9:41pm
You just don't get it do you. Zimbabwe tried your recommendations and now they are all trillionaires, but just as poor. The moral of the story is.....real wealth is based on production of goods and services, not production of paper with lots of zeroes.
There Aint No Such Thing As A Free Lunch.
You keep talking like that you are going to have to turn in your Libby card... Say's law says it all...
Strategist
2015 May 11, 9:48pm
Zimbabwe tried your recommendations
Quote my recommendations, dickhead. What were they?
Relax SBH, we can all disagree like gentlemen.
Strategist
2015 May 11, 9:52pm
You just don't get it do you. Zimbabwe tried your recommendations and now they are all trillionaires, but just as poor. The moral of the story is.....real wealth is based on production of goods and services, not production of paper with lots of zeroes.
There Aint No Such Thing As A Free Lunch.You keep talking like that you are going to have to turn in your Libby card
Dan and SBH already confiscated it. Hurt my feelings. 
Strategist
2015 May 11, 10:23pm
Relax SBH, we can all disagree like gentlemen.
I shall not acknowledge you as a gentleman. A gentleman holds himself to a standard that is greater than his simple opinion. His opinion may comport to his standard, but not the other way around. If it means anything to you I don't consider myself a gentleman because I fail at many standards, one of which is politeness: you're a disgusting fucking dickhead without a moral standard. Saying that pretty much makes me less than a gentleman. But I have a moral standard that applies to all persons and to which I comply: no one deserves torture. You fail this standard. As such, by your own corrupt standard, but not mine, you deserve torture. What a great condition you have crafted. Fuck off. You're a dickhead, not a gentleman.
I think you need a hug. You are getting worked up over very little
"Austerity works" even better without Rep/Con/Tea individuals & businesses being on some form of Big Govt. Redistribution Tax Funded Socialism.
Anyone have a list of these free loaders?
zzyzzx
2015 May 12, 6:27am
Since when is a $1B or 2.3% increase considered Austerity?
Article was about how reducing unemployment benefits prompted people to get a job.
Since when is a $1B or 2.3% increase considered Austerity?
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Ask any of the statist drones, tripping over one another to felate heritage foundation care.
The rate of increase in annual health care spending (waste) a/o health insurance premiums, fell from 11.2%, down to 10.9%, ftw!!!
http://www.forbes.com/sites/travisbrown/2015/05/11/thanks-to-gov-mccrory-north-carolina-pays-off-3-billion-debt-saving-taxpayers-280-million/
Thanks To Gov. McCrory, North Carolina Pays Off $2.75 Billion Debt, Saving Taxpayers $280 Million
Accepting large sums of money from the federal government often carries negative consequences. In 2009, North Carolina began borrowing federal money in order to extend unemployment insurance benefits. The amount owed by the Tar Heel State piled higher and higher – until North Carolina Governor Pat McCrory decided to take some proactive, bold steps regarding both debt and taxation. Now, those steps are yielding impressive and encouraging results. This week Governor McCrory announced that his state's $2.75 billion debt to the national government has been paid off (and, notably, $2.5 billion of that daunting sum was paid off during McCrory's time as governor).
McCrory made the strategic decision to cut weekly unemployment payments and decrease the amount of time a jobless worker could receive these payments. Maximum weekly compensation dropped to $350 from $535, and the allowable timeframe for collecting payments went from six months to fifteen weeks. This decision disqualified North Carolina from a federal compensation program for the long-term unemployed – a move that proved crucial to spurring employment. No longer compensated to stay out of the job market, unemployed North Carolinians sought work, and the state's unemployment rate (nearly the worst in the U.S. when Governor McCrory took office in 2013) fell lower than the national average.
Senate President Pro-Tem Phil Berger (R-Rockingham) underscored the importance of this accomplishment, noting that each year the state didn't pay off the debt, North Carolina businesses would suffer the ramifications of incrementally higher taxes. Berger explained that “the debt to the federal government was a tax on jobs, pure and simple.”
By paying off this nearly $3 billion debt four years earlier than required, the McCrory administration is helping business owners save a serious amount of money. (For every year the federal debt remained unpaid, business were seeing unemployment insurance taxes rise by $21 per employee.) The thousands of dollars being spent to pay down the debt, McCrory noted, “could have been invested in new jobs or raises for productive employees.”
With the debt paid off, North Carolina businesses will save $280 million in penalties this year alone. Rather than being thrown at an ineffective government program, those dollars can be invested in new jobs, new equipment, and new opportunities. North Carolina Secretary of Commerce John E. Skvarla, III, said this week that the early repayment makes North Carolina “more attractive to employers who want to move here and create jobs.” McCrory's strategy provides more than early exit from the heavy burden of debt – it provides businesses the opportunity to thrive in North Carolina.