Joe Hackney is hitting up Barack Obama for money.

November 26, 2008

“As you know, 49 states have requirements to balance their budgets each year,” he wrote.

“During uncertain economic times, the decisions that state legislatures and governors have to make to keep their budgets balanced — cutting spending, raising taxes or both — can have the pro-cyclical effect of deepening and prolonging any slump.”

http://www.newsobserver.com/news/story/1309799.html


Stokes: ‘No’ to school-land purchase

November 26, 2008

Published: November 26, 2008

DANBURY – Stokes County commissioners did not authorize the purchase of land for a new elementary school or set aside money for school-capital projects at a meeting Monday night.

That means that the next step in determining the fate of Nancy Reynolds Elementary School and a new elementary school for the King area will be a joint meeting between the Stokes County commissioners and school-board members.


Foxx proposes cutting bailout in half

November 21, 2008

Published: November 21, 2008

WASHINGTON – U.S. Rep. Virginia Foxx, R-5th, introduced a bill Wednesday to cut in half the $700 billion Wall Street bailout package.

Under the program, which was designed to shore up the financial system by allowing the government to buy toxic mortgage-backed securities, the Treasury Department has injected nearly $290 billion into troubled banks.

http://www2.journalnow.com/content/2008/nov/21/foxx-proposes-cutting-bailout-in-half/news-ncpolitics/


Basnight suggests a favorite to lead DOT

November 21, 2008

Senate leader Marc Basnight said Thursday that he has told Gov.-elect Beverly Perdue that Lanny Wilson, a member of the state transportation board, would be a good pick for transportation secretary.

http://www.newsobserver.com/news/story/1303703.html


N.C. taxman might watch odometers

November 20, 2008

Imagine your car’s odometer as a taxicab meter.

A special transportation committee on Wednesday approved a package of money-raising proposals, including a tax on North Carolina car owners based on the number of miles their vehicle travels each year.

http://www.newsobserver.com/politics/story/1302282.html


State Democrats’ leader says his job is done

November 20, 2008

Jerry Meek, who for the past four years has presided over a resurgent state Democratic Party, said he plans to step down as party chairman at the end of his term in January.

“It’s unlikely I could do anything in six years that I didn’t do in four,” Meek said.

http://www.newsobserver.com/news/story/1302235.html


Foxx Pushes Bill to Cut Wall Street Bailout in Half

November 19, 2008

Foxx Pushes Bill to Cut Wall Street Bailout in Half

Wed, November 19, 2008 – 5:15 PM

Rep. Virginia Foxx, R-N.C., introduced a bill Wednesday to cut in half the $700 billion Wall Street bailout package.

Under the program, which was designed to shore up the financial system by allowing the government to purchase toxic mortgage-backed securities, the Treasury Department has injected nearly $290 billion into troubled banks.

http://www.mgwashington.com/index.php/herd_washington/index/foxx-pushes-bill-to-cut-wall-street-bailout-in-half/2171