Regarding the Sept. 18 news article “ McCrory wants to borrow $1B”: I read with stunned amazement in The N&O that Gov. Pat McCrory is proposing to borrow a billion dollars to start shovel-ready infrastructure projects in areas of the state struggling economically.
My amazement is not because it is a bad idea, but because it is exactly like the federal stimulus plan. Apparently, the difference between a good idea and a bad idea, at least according to the GOP, is who proposes it.
As for the merits of the plan, I am concerned that politics will trump objective facts. If we are going to borrow a billion dollars, the money should follow infrastructure needs, not political needs. If it is steered exclusively to rural areas where the infrastructure need is less, but the GOP base is more, then we could wind up just building more Dollylands.
Although McCrory claims our “major metropolitan areas “are enjoying economic revival,” the facts say otherwise. As the Brookings Institute recently reported, four North Carolina metro areas are among the top 15 U.S. metro areas for expansion of poverty rates. These are Winston-Salem/High Point, Raleigh, Charlotte and Greensboro. Indeed, deep poverty exists in Raleigh within walking distance of the Governor’s Mansion. Perhaps McCrory should get out more.