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Perry and the Stimulus: It's Complicated
The Texas Tribune ^ | 08/17/2011 | Ross Ramsey

Posted on 08/17/2011 8:20:17 AM PDT by Rational Thought

As Gov. Rick Perry has launched his presidential campaign, he’s turned to a talking point familiar to anyone who has heard him rail against the federal government over the last two years: the perfidy of the roughly $800 billion stimulus plan orchestrated by the Obama administration in 2009.

“Washington’s insatiable desire to spend our children’s inheritance on failed ‘stimulus’ plans and other misguided economic theories have given us record debt and left us with far too many unemployed,” Perry said in his announcement speech in South Carolina on Saturday.

In his 2010 book, Fed Up! Our Fight to Save America From Washington, Perry wrote this: "We are fed up with bailout after bailout and stimulus plan after stimulus plan, each one of which tosses principle out the window along with taxpayer money."

But the reality of Perry's relationship with fed-stim is complicated. Through the second quarter of this year, Texas has used $17.4 billion in federal stimulus money — including $8 billion of the one-time dollars to fund state expenses that recur over and over. In fact, Texas used the federal stimulus to balance its last two budgets.

(Excerpt) Read more at texastribune.org ...


TOPICS: Government; Politics/Elections
KEYWORDS: corporatewelfare; perry; rickperry; rinofreeamerica

1 posted on 08/17/2011 8:20:20 AM PDT by Rational Thought
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To: Rational Thought

I bet Texas was just trying to get its own money back.


2 posted on 08/17/2011 8:22:58 AM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: Rational Thought

Yes, old flip flopper, Perry, was against the fed printing money, but he was for using fed printed money to balance the Texas budget.


3 posted on 08/17/2011 8:24:48 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: agere_contra

Yes, the money is basically stolen by the income tax...does Texas have an income tax? I hope not.


4 posted on 08/17/2011 8:25:57 AM PDT by fabian (" And a new day will dawn for those who stand long, and the forests will echo with laughter")
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To: Rational Thought

I would use every penny I could get so long as it didn’t have costlier strings attached.

The idea that a governor wouldn’t take federal money available for his state is ridiculous, even if as a national matter he opposed the wisdom of the federal program.


5 posted on 08/17/2011 8:26:02 AM PDT by Williams (Honey Badger Don't Care)
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To: Rational Thought

So no one can oppose Obama because they or their state or their constituents availed themselves of available federal grants?

I think not.


6 posted on 08/17/2011 8:27:24 AM PDT by Williams (Honey Badger Don't Care)
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To: Rational Thought
Through the second quarter of this year, Texas has used $17.4 billion in federal stimulus money — including $8 billion of the one-time dollars to fund state expenses that recur over and over. In fact, Texas used the federal stimulus to balance its last two budgets.

I don't have any problem with accepting the money after the bill passed, but I wouldn't be bragging about balancing the states budget if it was done primarily because of large influxes of federal stimulus funds.

7 posted on 08/17/2011 8:28:28 AM PDT by Prokopton
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To: Rational Thought

So, in other words, Texas DID NOT balance its budget; it simply stole more from taxpayers to make up the difference.


8 posted on 08/17/2011 8:29:56 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: Rational Thought
It's Complicated

LOL I'll bet.
9 posted on 08/17/2011 8:30:33 AM PDT by cripplecreek (Remember the River Raisin)
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To: cripplecreek

That’s pretty funny. You have mail.


10 posted on 08/17/2011 8:35:02 AM PDT by gov_bean_ counter
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To: Williams

Correct!

Perry opposes this federal bail out crap but if Texas recieved stimulus money remember one thing. IT’S OUR DAMN MONEY!

I feel the same for those on unemployment. If you’ve been working for years you have been forced to pay for unemployment insurance for years with no way to opt out. If you are now unemployed you have a legitimate claim on that insurance. That’s NOT entitlement. It’s your damn money!


11 posted on 08/17/2011 8:35:24 AM PDT by precisionshootist
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To: org.whodat
I'm guessing it was "complicated" when he signed a letter with Joe Manchin supporting TARP too.

As leaders of our respective organizations, we don’t always see eye to eye on policy, but we come together today with one clear purpose. We strongly urge Congress to leave partisanship at the door and pass an economic recovery package. We both believe that it’s time to stand together for our country.

There is a time for partisanship and there is a time for getting things done. No one likes the hand they’ve been dealt, and now is not the time to assign blame. It is time for Washington, D.C. to step up, be responsible and do what’s in the best interest of American taxpayers and our economy.

This economic crisis is not just impacting Wall Street; it is also making life harder for everyday Americans. Americans across the country and in every demographic are feeling the pinch. If Congress does not act soon, the situation will grow appreciably worse. It’s time for leadership. Congress needs to act now.

12 posted on 08/17/2011 8:36:26 AM PDT by cripplecreek (Remember the River Raisin)
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To: CodeToad
So, in other words, Texas DID NOT balance its budget; it simply stole more from taxpayers to make up the difference.

Or - in other words - Texas managed to claw back some of the buying power from the Fed that its own future taxpayers/current fiat holders will have to fork out - and they used it much more responsibly than the Fed would have done.

That money was stolen from Texas taxpayers as much as from anyone. Given the toxic fact of the stimulus, balancing the (low tax) Texas budget with the money is one of the more sensible things you can do with it.

13 posted on 08/17/2011 8:38:25 AM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: cripplecreek
"We are fed up with bailout after bailout and stimulus plan after stimulus plan, each one of which tosses principle out the window along with taxpayer money."

Isn't hypocrisy something that evangelicals eschew?

14 posted on 08/17/2011 8:38:44 AM PDT by TADSLOS (Free Republic- Still AAA++ rated)
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To: CodeToad

Except Texas still pays more into the federal treasury than it gets back. One could say the taxpayers from other states are stealing from Texas.


15 posted on 08/17/2011 8:39:41 AM PDT by jospehm20
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To: jospehm20
Except Texas still pays more into the federal treasury than it gets back. One could say the taxpayers from other states are stealing from Texas.

Yep, and you could say that Perry did not balance the Texas budget, Obama did.

16 posted on 08/17/2011 8:44:49 AM PDT by Prokopton
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To: org.whodat
Yes, old flip flopper, Perry, was against the fed printing money, but he was for using fed printed money to balance the Texas budget.

Texas has 7.8% of the total US population, payes 8.4% of the total US taxes and has spent 2.1% of the total stimulus.

Yes, it is obvious Texas is feeding at the Federal trough. [major sarcasm]

17 posted on 08/17/2011 8:46:23 AM PDT by CMAC51
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To: TADSLOS

As far as I’m concerned, government owes me a great deal but I don’t intend to get what is owed. I could easily get disability but I’m not going to because my disability is not the fault of my neighbor and I can struggle through without it. Continuing to take the bait offered by the feds will only perpetuate the scam.

If government really wants to settle the score, they can stop using our money as a lure. In my opinion that means spitting out the bait like Nebraska recently did.


18 posted on 08/17/2011 8:48:41 AM PDT by cripplecreek (Remember the River Raisin)
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To: CMAC51

Nothing like changing the topic, Perry said he was against printing money, but he is for spending it. The percentage of the states take of the money was not the topic. If you wish to start a thread on the fairness of the handout start one.


19 posted on 08/17/2011 8:54:03 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: Prokopton

I guess you could but then why aren’t other states who take more out of the treasury then they put in all in better shape then Texas? I am glad that if Texas got stimulus money ouyr government used it to balance the budget instead of blowing it all on high speed rail or some other boondogle. You don’t think the Texas state government had anything to do with that when compared to other state governments who pay less into the feds then they receive, also got stimulus money and are still sucking worse than Texas?


20 posted on 08/17/2011 8:59:31 AM PDT by jospehm20
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To: CodeToad

Looks to me like the Feds stole it first and the State stole it back.

Bit like Rush Limbaugh using the absurd free-drugs-for-seniors benefit. Of course, he’ll use it.


21 posted on 08/17/2011 9:06:49 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: Rational Thought
The problem with this rationalization is there is no federal money and there is no Texas money.

All of the money raised and spent by the federal government belongs to American taxpayers like me.

The taxes paid to the federal government are supposed to be used to fund legitimate functions of the federal government under the U.S. Constitution.

I live in Tennessee and I don't want the federal government sending my tax money to Texas, to operate the Texas government, if Texas cannot balance its budget within the Texas taxes it collects.

The Texas government has no money. It either gets its money from Texas taxpayers or from non-Texans.

Redistribution of wealth is wrong whether its going to or coming from Texas taxpayers.

The Texas government has a fiscal responsibility and duty to live within the taxes it collects in Texas from residents of that state.

The same is true of Tennessee.

22 posted on 08/17/2011 9:08:01 AM PDT by NoControllingLegalAuthority (Where is the middle ground on insolvency of the United States government?)
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To: jospehm20
I guess you could but then why aren’t other states who take more out of the treasury then they put in all in better shape then Texas?

That other states are doing worse is not the point. The point is, if you are running for president and you emphasize that you balanced the state budget, you should be honest and state that it was only balanced because of a large influx of federal stimulus money.

23 posted on 08/17/2011 9:23:02 AM PDT by Prokopton
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To: org.whodat
Nothing like changing the topic, Perry said he was against printing money, but he is for spending it. The percentage of the states take of the money was not the topic. If you wish to start a thread on the fairness of the handout start one.

Not changing the subject. Texas sends close to $230 billion in taxes to the Federal govt. In return, they recieve $216 billion in total benefits. That is not using printed money, that is supply $14 billion for the Feds to not print money.

So what is it you expect Texas to do, send more or recieve less. Either way the math still says Texas is only receive benefits that it paid for in cash.

24 posted on 08/17/2011 9:30:10 AM PDT by CMAC51
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To: Rational Thought
“Washington’s insatiable desire to spend our children’s inheritance on failed ‘stimulus’ plans and other misguided economic theories have given us record debt and left us with far too many unemployed"

Does Gov. Perry even understand what he's talking about?

Washington is not spending our children's inheritance.

Instead, Washington is spending claims on their future labor! There is absolutely no "inheritance" that exists in a debt-based economy.

That's basic economics, and a governor should be better prepared - especially if he's running for President of the U.S.

25 posted on 08/17/2011 9:33:03 AM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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To: CMAC51
Still changing the topic I see. It says Perry and the stimulus, it does not say were the funds disbursed fairly. Maybe we should move some more of the military bases out of Texas to be fairer to the other states.
26 posted on 08/17/2011 9:36:33 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: NoControllingLegalAuthority
I live in Tennessee and I don't want the federal government sending my tax money to Texas, to operate the Texas government, if Texas cannot balance its budget within the Texas taxes it collects...

The Texas government has no money. It either gets its money from Texas taxpayers or from non-Texans.

Redistribution of wealth is wrong whether its going to or coming from Texas taxpayers.

The Texas government has a fiscal responsibility and duty to live within the taxes it collects in Texas from residents of that state.

The same is true of Tennessee.

Then you should be working to fix Tennessee. Texas gets $0.94 in benefits for every $1.00 it sends to Washington. Tennessee gets $1.27 in benefits for every $1.00 it spends.

Tennessee is spending money sent in by Texas, not vice versa. If you live in Tennessee, you are the recipient of wealth distribution. If you live in Texas you are the victim.

Every year, Texas sends roughly $230 billion to Washington while Tennessee sends less than $50 billion. It sound like Tennessee should get their act together before saying anything about Texas.

27 posted on 08/17/2011 9:45:08 AM PDT by CMAC51
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To: Prokopton

The article discusses that Perry would have used the “Rainy Day Fund” to balance the budget. But since the stimulus money was available Perry and the Texas legislature decided to use that money instead.


28 posted on 08/17/2011 10:39:44 AM PDT by orinoco
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To: fabian

No state income tax in Texas!


29 posted on 08/17/2011 10:45:01 AM PDT by ImpBill ("America ... where are you now?" signed, a little "r" republican!)
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To: CMAC51
Tennessee is spending money sent in by Texas, not vice versa.

Payback for stealing away Davy Crockett.

:-)

30 posted on 08/17/2011 10:46:10 AM PDT by EternalVigilance (In the long run spritzing perfume on the rotting elephant really won't make that much difference.)
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To: ImpBill

Great! Someday we will be rid of income theft/taxes! could you imagine the founders of this nation fighting to the death for an income taxing country? O my gosh...


31 posted on 08/17/2011 10:56:45 AM PDT by fabian (" And a new day will dawn for those who stand long, and the forests will echo with laughter")
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To: ImpBill

Great! Someday we will be rid of income theft/taxes! could you imagine the founders of this nation fighting to the death for an income taxing country? O my gosh...


32 posted on 08/17/2011 10:57:11 AM PDT by fabian (" And a new day will dawn for those who stand long, and the forests will echo with laughter")
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To: ImpBill

Great! Someday we will be rid of income theft/taxes! could you imagine the founders of this nation fighting to the death for an income taxing country? O my gosh...


33 posted on 08/17/2011 10:57:53 AM PDT by fabian (" And a new day will dawn for those who stand long, and the forests will echo with laughter")
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To: Prokopton

It is the point, also the budget was only unbalanced in the first place partially because of the large outflow of Texas cash to other states.


34 posted on 08/17/2011 11:03:13 AM PDT by jospehm20
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To: agere_contra

” balancing the (low tax) Texas budget with the money is one of the more sensible things you can do with it. “

Wrong! Giving it BACK to the taxpayers is the most sensible thing to do with it. SPENDING it was the WORST thing they could have done. More spending is not good!


35 posted on 08/17/2011 11:35:41 AM PDT by CodeToad (Islam needs to be banned in the US and treated as a criminal enterprise.)
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To: orinoco
The article discusses that Perry would have used the “Rainy Day Fund” to balance the budget. But since the stimulus money was available Perry and the Texas legislature decided to use that money instead.

Yes, and if it weren't for the federal stimulus money, there would be no "rainy Day Fund" left to balance the budget for 2012.

For better or worse, Texas balanced their budget for two years by using federal stimulus money, not because of some brilliant plan by the governor.

36 posted on 08/17/2011 11:56:17 AM PDT by Prokopton
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To: Prokopton
I like the courageous speaking style of Perry so far. I'm not from Texas and I am learning more and more about Perry and what he would do as President. I think he stands up to Obama better than anyone else in the primary race so far...and that includes Trump!
I got from the article that they could have paid off all their debt with the Rainy Day fund. Texas has no income tax so I would assume they get tax money from sales taxes and local property taxes. Seems to me that they are living within their means and not over taxing and spending.
37 posted on 08/17/2011 12:25:43 PM PDT by orinoco
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To: agere_contra

Well if he’s a defender of people getting the money that their ‘entittled’ to back. Why did he refer to SS as a ponzi scheme?


38 posted on 08/17/2011 9:17:13 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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To: precisionshootist
If that's your argument than Rick Perry should've returned the stimulus money to the taxpayers of Texas in for of a check or allowed them to vote on the money should be spent. But since he didn't he's lost any moral high ground in order to make the argument that you claim.
39 posted on 08/17/2011 9:26:27 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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