Posted on 06/23/2021 2:27:50 PM PDT by Freedom'sWorthIt
RALEIGH, N.C. — The state is tracking roughly $81 billion in federal pandemic stimulus spending – so much that it started a new office last year to keep up with everything.
Lots of this federal money was spent last year, on stimulus checks that went direct to families, forgivable loans to keep businesses afloat, virus testing, vaccine research and a $10 billion boost to unemployment checks that, at one time or another, went out to nearly a million people.
But there are billions left, and that money will be spent over a span of years. Among other things, the state has already spent or expects to spend:
$8.3 billion on education, including K-12, universities and community colleges. Much of this doesn't have to be spent until 2024 because it just passed Congress in March.
$1.1 billion for coronavirus testing, tracing and prevention
$2.3 billion that got kicked down to North Carolina hospitals to cover health care expenses and lost revenue from procedures canceled due to COVID-19
$358 million for North Carolina airports that were nearly deserted for much of the pandemic.
$1.2 billion for rental assistance in North Carolina as an ongoing program gets refills from the federal government and is still accepting applications
$273 million to help people struggling to pay their mortgages. That program isn't up and running yet, but there will be income limits.
(Excerpt) Read more at wral.com ...
Altogether, the measures totaled some $6.1 trillion.
The government put nearly another trillion into stimulus from administrative actions that didn't require congressional approval, according to covidmoneytracker.org, a service from the Committee for a Responsible State Budget.
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Too much money? All of this money queued up, combined with other economic realities around the world, may drive up prices for goods and services.
"Inflation is here," North Carolina State Treasurer Dale Folwell said earlier this month. "It's not coming; it's here."
World supply chains, crippled during the pandemic, are struggling to ramp back up and hire enough workers to meet demand. Add it all together and you "run into a situation of too many dollars chasing too few goods and services," Walden wrote in a recent column.
Politicians pockets?
Politicians pockets?
yep , robbed again
Got to be!
Offshore banks, cryptocurrency, gold bullion, cash in mattreses, etc.
Politicians pockets?
*************
Yep, that’s why they run for office. Its all about the Benjamins.
The bigger government gets, the more opportunities there are for graft and corruption. This is why politicians keep voting to increase the size and power of government.
We are a kleptocracy. A republic in name only.
Top left, US National Debt, $28.4 trillion
Bottom right, US Unfunded Liabilities, $150.6 trillion
They don’t have state auditors? They need a new commission?
Kiddie Pimps
What better way to spend some of those extra billions?
Beth Woods, Democrat, is current State Auditor
Before her was another Democrat.
You got me there!
I used to know a gal decades ago who, straight out of grad school, got a job with a red state auditor’s office. After 8 months of doing nothing she flat asked her boss “why did you hire me if there is no work for me to do” and, as the story was recounted to me, was flat told “because we had extra money in the budget and if we don’t spend it they will cut it next year, so we bring in new people to show we are spending every penny and need a bigger budget!”.
A few months later she got a blue state gig. Probably the same, but worse.
Yeah. See #12
Democrat coffers, where it was always intended.
We The People Another Day Older And Deeper In Debt
Government workers keeping up with $81 large large.....yeah, that’ll work out well.
The bigger the pool of taxpayer’s money, the harder it is to trace where it goes and the easier it is to loot. That’s the DC establishment criminal’s life blood that feeds their families and their cronies.
Yep.....who is going to call for a good audit trail of all this money?
One person who could say something is our Republican Lt. Governor.
Meanwhile, I filed my taxes there 4 months ago and they still owe me a $719 refund.
F Governor Cooper and the RINO nitwits who elected him.
Why don’t they fund already promised pensions and return the rest in tax returns?
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