As usual, the market fundamentalists miss the mark in diagnosing state budget ills
Okay, here are some basic facts that everyone who's paying attention ought to agree on when it comes to the current state budget picture:
- 1. Times are very tough - Like most of the rest of the nation, North Carolina's economy is in recession. Business activity and personal incomes are down and unemployment, foreclosures, evictions and the need for services are up.