Posted on 07/31/2011 12:12:44 PM PDT by Clairity
Texas ranks near the bottom in government spending per citizen, and it relies on federal money much less than many other states, making it less reliant on the federal government. That was reflected in a recent report by Moody's Investor Services, a credit rating agency.
Texas has a AAA bond rating, making it one of the safest bets for investors and giving the state the low interest rates on the bonds it issues to raise money. Moody's placed the federal government and five other states on notice that if the debt ceiling is not raised, and the government defaults, they could lose their AAA rating and pay more in interest.
Moody's excluded Texas from the list of states facing a possible downgrade in its credit rating...
(Excerpt) Read more at mysanantonio.com ...
Maybe I should move to Texas.
I’m waiting for the California apologists to tell me again how Texas is too flat and too hot to bother with.
The article doesn’t mention which five states would receive the downgrades. I am curious to know which states those are.
Not really. Perry did double spending and raise taxes on business while Governor.
Having a weak Governor and a legislator that only meets every other year is some of the real reasons
“Last week, Moody’s similarly placed the Aaa ratings of Maryland, New Mexico, South Carolina, Tennessee and Virginia under review for possible downgrade, “
http://online.wsj.com/article/BT-CO-20110728-722929.html
If you are a productive citizen, please do!
Michigan and Illinois should be downgraded to junk status. lol
We’d love to have you.
This is great! Texas can borrow money then loan it to the feds and pocket the difference in the interest rate. Just skim a little off the top and it’s only paperwork.
lol, Only folks that’ve never been to Texas says that. They’ve never seen my hill country similar to the Ozarks, nor have they seen the front ranges in West Texas. Sure, there’s a lot of flat, but it’s the 2nd largest land mass.
Yes, wonder which those five states are?
Not sure most will understand what you mean about “weak” governor. It’s not a slam on Perry, right? It’s the fact that the Texas government was set up to be weak. Thanks to Sam Houston, or so I’ve been told.
Over a 10 year period. With inflation. With population growth. With an expanding economy. With economic prosperity.
Thus, Perry has increased services to Texas citizens while making Texas the most economically prosperous State in the Union.
Sounds like a Win-Win to me.
It is called "Growing the Pie".
That is a concept that the liberals and some conservatives do not seem to understand. All they understand is the Zero Sum game of splitting a pie that never grows.
Right now Texas and Oklahoma are pretty well scorched.
We have a weak governor Constitutionally, although Perry has exerted more power than past Governors. Most of our statewide officials are elected separately, not as a single slate. We also have 2 Supreme Courts (civil and criminal), lol.
We like the division of power.
“increased services to the Texas citizens”
That is what socialists want to do.
I think it’s probably a safe bet to include California and New York (and Michigan). All of the “liberal utopias” will be downgraded, no doubt.
I live here and I wish the U.S. government was the same. Legislators here meat two months every two years. They can’t do a lot of damage in that short time.
The AG doesn’t have much power here either. He’s not like the AG in other states. He can’t go out and arrest people.
“Texas is not a “weak governor” state. A common misconception. It used to be true, but during his historic governorship, Perry has reinvented the office as a power center. This may be his greatest accomplishment.
Yes, our state constitution, written the year before Reconstruction ended, created a weak governor’s office (as did most constitutions of the states of the former Confederacy). We had two-year terms (the Legislature changed it to four-year terms beginning with the 1974 election) and a fragmented executive department with power divided among the governor, the lieutenant governor, the comptroller, the land and agriculture commissioners, the attorney general, and the railroad commission.
But Perry has used his appointment power to install political allies in every state agency, effectively establishing a Cabinet form of government and making him vastly more powerful than any of his predecessors. “
http://www.texasmonthly.com/2011-08-01/btl.php
Texas has a weak governor constitutionally but never forget the appointive powers the governor has combined with lenght of service makes him one of the more powerful governors. It wasn’t this way in the past with two year terms and term limits but those days are gone.
I'm imagining that you'll have to come around to saying that the legislature did it. Not Perry-- since Perry is the governor in a weak governor state.
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