South Carolina’s FY 2013-14 budget contains $300,000 for a liberal economic think tank run by some of the Palmetto State’s most notorious command economists.
“New Carolina” – a.k.a. the South Carolina Council on Competitiveness – will receive the money from the S.C. Department of Commerce, according to a proviso included in the budget plan being debated this week in the S.C. House of Representatives.
Among “New Carolina’s” liberal leaders? Cigarette tax supporter Ed Sellers (chairman of BlueCross BlueShield), Lake City, S.C. financier Darla Moore, Don Herriott (manager of the University of South Carolina’s failed “Innovista” boondoggle) and golden parachute recipient Mack Whittle.
It’s a veritable “Who’s Who” of status quo, crony capitalist insiders in other words …
What’s worse than “New Carolina’s” board? The socialist central planning its leaders are championing … which includes all manner of taxpayer subsidized “economic development” initiatives.
Founded in 2004, “New Carolina” is a mouthpiece for the failed strategies which produced South Carolina’s “Lost Decade” – a period of exorbitant government growth and income stagnation.
Taxpayers have no business funding those failed strategies … let alone a mouthpiece to promote them.
If there is even an ounce of “Republican” principle left in the S.C. General Assembly, this $300,000 expense must be eliminated and every penny of it placed into a taxpayer rebate fund.