RALEIGH — An old line says that if the only tool you have is a hammer, every problem starts to look like a nail.
This lesson applies to most facets of life but especially to the state budget. Yet recently, Gov. Beverly Perdue made comments that implied the only tool we should look at when fixing the state’s economy is the budget ax.
This is incorrect and shortsighted. Simply put, a cuts-alone approach would fail to balance the budget in the short term and would devastate North Carolina’s economic recovery in the long term.
