If it actually, cut, or capped, or balanced, there would have been no need to borrow and spend another $2.4 TRILLION dollars.
It was all nothing but smoke and mirrors. Political cover for all.
But the fact is, the Republican leadership, including Governor Perry, were intent every step of the way on raising the debt ceiling by more than two TRILLION.
Perry supporters, and Republicans in general, are doing everything in their power to mask that now, but some of us are no longer fooled by this sort of political nonsense.
But I am still waiting to hear who you want at the GOP nomination that did NOT support government bailout in 3rd quarter 2008.