Displaying items by tag: debt

A mismatch between the title and subtitle to Matt Lewis's April 18 column at The Daily Beast — "Canceling Student Loan Debt Only Leaves a Broken System in Place," and "Democrats are delusional if they think student loan debt forgiveness is going to save them and Biden at the ballot box" — perfectly illustrates the fallacy of mistaking bad policy for bad politics.

Published in Opinion
Tuesday, 05 April 2022 14:13

OPINION: Attention! Deficit disorder!

On March 28, U.S. President Joe Biden unveiled his 2023 budget proposal. It totals $5.8 trillion, which would bring federal spending and deficits back below their pandemic-era heights (although not back to 2019 levels). Biden's ask comes to nearly $18,000 for every man, woman, and child in America.

Published in Opinion
Friday, 04 March 2022 14:06

OPINION: A look at the state of America

President Biden’s State of the Union Address represents much of America today, a meandering belief in big government that’s woefully short on economic coherence. Yet, the state of the union is pretty evident to most.

Published in Opinion
Thursday, 03 February 2022 13:28

State treasurer releases Debt Affordability Study

RALEIGH — State Treasurer Dale R. Folwell, CPA, announced today the results of the 2022 Debt Affordability Study, advising the Governor and General Assembly on the estimated debt capacity of the General and Transportation Funds for the upcoming 10 fiscal years.

Published in Local News

RALEIGH — State Treasurer Dale Folwell is once again sounding the alarm on some nonprofit hospitals in the state, with a new report that shows low-income patients are being billed when they were eligible for charity care. This comes on the heels of a similar report released in October by Folwell, who oversees the State Health Plan for government employees, the largest health insurance plan in the state. 

Published in Local News

ROCKINGHAM — The Richmond County Board of Commissioners on Tuesday approved a recommendation to resolve its debt several hundred thousand dollars cheaper.

Published in Local News

RALEIGH — One of the nation’s leading financial watchdogs says North Carolina has fared better than most states in terms of balancing its budget, but the picture isn’t all rosy as the state has an average debt burden of $1,400 per taxpayer.

Published in Local News

Debt-ridden North Carolinians were already in trouble. Now, state lawmakers may stop them from swimming out of the red.

Published in Opinion
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RALEIGH — Due to the national public health emergency caused by coronavirus disease 2019 (COVID-19), the U.S. Department of Agriculture today announced the temporary suspension of past-due debt collections and foreclosures for distressed borrowers under the Farm Storage Facility Loan and the Direct Farm Loan programs administered by the Farm Service Agency.

Published in Local News
Monday, 25 January 2021 10:33

OPINION: Federal bailout will punish our state

Now that Democrats control the White House and both chambers of Congress (however narrowly), they will probably approve a new round of federal borrowing to bail out state and local governments with shaky finances.

Published in Opinion
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