(Raleigh, N.C.) – The state’s Debt Affordability Advisory Committee (DAAC) voted today to approve a study that concluded the state has sufficient debt capacity to borrow nearly $2 billion in each of the next 10 years for capital projects and $155 million annually for transportation projects.
The United States faces a mounting fiscal crisis. Our national debt having surpassed $36 trillion poses a significant threat to our economic stability and national security. Interest payments on our debt have reached historic highs, overtaking defense spending as the second-largest budget item. Alarmingly, interest costs are the fastest-growing expenditure in the federal budget, limiting our ability to invest in critical public services and respond to unforeseen emergencies.
If ever there was justification for sudden, expedited, large-scale federal expenditure, the COVID crisis was it. Americans faced a deadly pandemic.
If you have bills that are past due, you might be contacted by a debt collector. But don’t be fooled: scammers often impersonate debt collectors to try to convince people that they owe unpaid debts or try to scare or threaten people to collect on non-existent debt. Being contacted by a legitimate debt collector can be stressful on its own – make sure that you look for these signs to help you spot any scam artists.
