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 ...
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.
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.
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.
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.
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.
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.
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.
No state income tax in Texas!
Payback for stealing away Davy Crockett.
:-)
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...
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...
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...
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.
” 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!
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.
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?
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