Texas can’t run a deficit. Yesterday someone claimed Perry’s big sin was using matching funds to help balance the budget.
Since it consists of Texas taxpayer money. and is to help pay for federally MANDATED programs, I don’t see the problem. If it’s so bad maybe Texans should just not pay Federal Taxes.
Or maybe they would like Texas to have a Personal income tax. That has a snowballs chance in H of passing in Tx.
http://www.usdebtclock.org/state-debt-clocks/state-of-texas-debt-clock.html
check out the lower left of the debt clock (revenue) vs spending.
40 Billion in the red. We have borrowed and taken rainy-day funds to make the difference.
This level of spending is not sustainable.
But Rick will be gone before the stuff hits the fan in the next budget cycle.