Texas, which crafts a budget every two years, was facing a $6.6 billion shortfall for its 2010-2011 fiscal years. It plugged nearly all of that deficit with $6.4 billion in Recovery Act money, allowing it to leave its $9.1 billion rainy day fund untouched.
Even as Perry requested the Recovery Act money, he railed against it. On the very same day he asked for the funds, he set up a petition titled No Government Bailouts.
“It plugged nearly all of that deficit with $6.4 billion in Recovery Act money, allowing it to leave its $9.1 billion rainy day fund untouched.”
So you think that Red states should not benefit from money that is going out? That’s preposterous.
Should Red states also send all education money back, highway money...lol.
Another bald-faced (and bold font) lie from Red South - but what else can we expect?
According to USGovernmentSpending.com, state debt in Texas in the year 2000 was $19.2 billion. At the end of 2010, it was $27.3 billion. Even if you don't account for inflation, that is only a 42% increase. If you account for inflation, it is a 16% increase, or 1.6% per year.
I agree ...He is GWB redux ..but Joe calling Perry a dime store conservative is the pot calling the kettle black