Nesbitt, Durant and Gibson talk economics at today’s CIBO meeting

Without federal stimulus funds, North Carolina “would have had no choice but to close public schools. … We would have had a Great Depression; we were that close to the brink,” said N.C. Sen. Martin Nesbitt at today’s issues meeting of the Council of Independent Business Owners. And the city of Asheville’s CFO Ben Durant warned that the city’s credit will be limited for years to come, noting that the city has reduced an estimated $5 million deficit in the next fiscal year’s budget to $3 million. Warren Wilson College’s Phil Gibson joked with the sometimes hard-nosed CIBO crowd, “I know many consider us the hippie, granola-munching college, but we are a business.”

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