Because as we all know, the federal government does not have enough debt or wasteful spending

Government is rarely efficient at anything it does. The federal government, of course, seems to be the worst offender. The feds just keep the suckling going off their teats. Political pandering is everywhere, and Bob Etheridge is one of the kings of pork. You would think that he owns the Nahunta Pork Center's D.C. location.

Bob Etheridge prides himself on bringing tax dollars back to North Carolina. I have a much better idea. How about lowering taxes and cutting all unnecessary spending at the federal (and state) levels so that we have enough money in the pockets of taxpayers to fund our own education projects? What is so hard about that? Why not leave that money in North Carolina to begin with?

Money, by the way, is NOT the answer to better education. It may help, but it is certainly not the answer. Quality education and standards thereof IS the answer. Government creates the poor education system and then demands more money to fix the problem they created. It is all about the leftist agenda. Read "The Communist Manifesto" and what it says about government education. We have it here.

In reading the U.S. Constitution, I am still wondering where the part is about the federal government regulating or funding education.

From the WMPM web site:

Etheridge Legislation Would Provide $25 Billion For School Construction Bonds - Rep. Bob Etheridge (D-Lillington) has announced that he will introduce legislation to provide $25 billion for school construction bonds. Etheridge made the announcement at Aversboro Elementary School in Garner, which has 10 trailers and is 200 students above capacity. Following the announcement, Etheridge toured the school's facilities to see the effects of crowding first-hand. "This is a win-win proposal for our schools, our children and our communities. It will help us to build new schools and get our children out of trailers and into quality facilities where learning can flourish," said Etheridge. The America 's Better Classroom (ABC) Act of 2007 will provide a federal tax credit to bond holders to pay the interest on local school bonds. The state or school district would only be responsible for repaying the principle. The bill will provide federal support in partnership with local officials to leverage about $25 billion in bonds for school construction, which could provide millions in interest-free school construction bonds for new schools in North Carolina . The legislation will be deficit-neutral and will not result in new taxes or more borrowing from foreign countries. It will meet all pay-as-you-go requirements passed by the U.S. House of Representatives in January. North Carolina would receive approximately $448 million under the legislation. For each $1,000 of school bonds, states or local school districts would save as much as $500 in total payments.