Libertarians Oppose the Bond

The Libertarian Party of North Carolina urges voters to vote no on $2 billion Connect NC March 15.

“A bond is not free money,” the Libertarians said in a resolution passed unanimously by their executive committee. “It's a loan taken out with hefty interest that is left to the next generation to pay without their consent.”

“If an item is important enough then the state should budget for it, holding our elected officials accountable for the spending ...,” the resolution said.

The resolution also notes the bond will increase state government spending by an additional 10 percent of the entire state budget, but without the accountability that comes along with approving spending through a budget adoption process.

“Here's another example of the bait-and-switch tactic used by spending-addicted politicians,” said Brian Irving, LPNC vice chair. “The loan requests was originally introduced under the guise of needed transportation funding. But what's on the ballot is not actually for funding of transportation at all.”

Here is the full text of the resolution:

Resolution of the Libertarian Party of North Carolina

Feb. 18, 2016

Whereas, a proposal to borrow $2 billion is going to be on the North Carolina primary election ballot on March 15, 2016 for the people to decide;

Whereas the loan request was originally introduced under the guise of needed transportation funding, but the proposal that has been placed on the ballot is not actually for funding of transportation nor K-12 education projects;

Whereas the $2 billion loan will go into a fund called Connect NC chaired by a whole host of politicians and from there 66% will be divvied out to the North Carolina college systems, hundreds of millions of dollars will go to parks, zoos, government buildings, and other political pet projects across North Carolina;

Whereas a bond is not free money. It's a loan taken out with hefty interest that is left to the next generation to pay without their consent;

Whereas if an item is important enough then the state should budget for it, holding our elected officials accountable for the spending of North Carolina tax dollars, and;

Whereas this bond will increase state government spending by an additional 10% of the entire state budget without the accountability that comes along with approving spending through a budget adoption process; so, therefore, be it

Resolved, that the Libertarian Party of North Carolina stands with NC Against the Bond in opposition to the $2 billion bond. We urge all Libertarians, and all North Carolina voters to vote against the bond on March 15.


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  • commented 2016-02-24 10:15:32 -0500
    change terminology…the interest rate is low as I took “heavy interest” to refer to interest rate.
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