Even after that explanation I am still confused, CW. Can you explain it to me like I’m a 4 year old?
Let me tell you Perry's formula:
Don't spend all the money.
Have a fair and predictable tax and regulatory policy.
Have a legal system that does not allow for over suing and make it so that loser pays.
******
AND as Perry and Haley put it in their OpEd Break the spend-and-borrow cycle - Thursday, July 14, 2011 - “As governors of states whose residents, like all Americans, are desperate for the restoration of fiscal responsibility in Washington, we are proud to have signed the Cut, Cap and Balance Pledge amid the debate over once again raising the federal debt ceiling.
We oppose an increase in the federal debt limit unless three common-sense conditions are met: substantial cuts in spending; enforceable spending caps to put the country on a path to a balanced budget; and congressional passage of a balanced-budget amendment to the U.S. Constitution. That amendment should include a requirement for a congressional supermajority to approve any raises in taxes."
Great 2 minute “Obama compliant media” slap-down.