FALSE CLAIM: “Rick Perry doubled spending in a decade.”
TRUTH: State spending – the non-federal dollars state lawmakers can control – is six percent lower under Gov. Perry than it was under the two-year budget in effect when he took office, adjusting for population growth and inflation. In unadjusted amounts, state spending is $80.5 billion for the 2012-13 biennium compared to $55.7 billion for the 2000-01 biennium. Texas’ population growth plus inflation since 2001 is 54 percent. The current Texas budget funds the state’s vital needs by operating within available revenues and providing tax cuts for small businesses. Gov. Perry is the only Texas governor since World War II to cut state (general revenue) spending.
FALSE CLAIM: “This year, Rick Perry is spending more money than the state takes in.”
TRUTH: Texas’ budget has been certified as balanced by the Texas Comptroller of Public Accounts, with an estimated $6.5 billion remaining unspent in the state’s Rainy Day Fund. Every budget Gov. Perry has signed has been balanced.
FALSE CLAIM: “Covering his deficits with record borrowing.”
TRUTH: Texas does not have a deficit. The state’s recent sale of Tax and Revenue Anticipation Notes (TRANs) is cash-flow management tool that dates back to 1987. These notes are sold every fiscal year to manage cash flow and to provide up-front payments to public schools. They are repaid within the fiscal year with tax revenue that comes in after the upfront school payments are made. Texas earned the highest possible ratings in anticipation of this offering, receiving a rating of SP-1+ by Standard & Poor’s, MIG 1 by Moody’s Investors Service and F1+ by Fitch Inc. Texas’ net interest rate of .27 percent is down from last year’s rate of .34 percent, representing the state’s lowest net rate ever for these notes.
Pretty good slapdown.
Michelle is a good lady, but a gaff-prone relatively new congresswoman will never (and should never) get the nomination, much less the presidency.
She has NO CHANCE to get the nomination....NONE....nor should she. She’s only a Congressman.....that’s NOT enough nor was Obama’s ligttle Senatorship.
I wonder how much Romney money is making its way into this PAC.
It is a false ad. Texas can not legally run a deficit like most other states.
Those are great numbers and facts at post #1
I have two things to say about this one.
1. Before Michele Bachmann can talk about state budgets, economic growth, and the administrative needs of a large growing state or organization, perhaps she might want some executive experience to understand them first,
2. If she is going to run such deceptive ads, perhaps she shouldn’t even be in a Republican race proclaiming conservative principles. While there is a difference in political conservatism and personal integrity, I would think a candidate who salivates for the position so much that he/she would downright LIE is not a good representative for our party.
Give it up, Michele Bachmann. That is no better than the Dems showing Paul Ryan shoving Grandma off the cliffs!
And... Go find another way to be Mitt Romney’s VP choice. We don’t want you smelling our party up for THAT.
She’s vulnerable — where is her record of accomplishment — executive results?
Not only "patently and provably false", the adjectives "cheesy", "lame", "schlocky", "amateurish", "piddly", "hokey" work too.
She's not running for President; she's running for Vice-President. Romney's vice president, to be exact.
Bachmann hasn't laid a finger on Romney yet, nor will she. She can't make it to the White House alone, but neither can some other folks in the race. She's the conservative beard, waiting to apply herself to Romney's smooth, boyish chin.
They're both powerful but fatally flawed candidates on their own. Romney is an experienced former governor, but he lacks right wing street cred. He needs a tough, popular, conservative wingman. Bachmann is a tough, popular conservative but a political lightweight. She needs an experienced governor who lacks right wing street cred. Together, they could team up and win.
They have their jobs to do. Mittens will raise the cash, hide from the base, and look Presidential to the independents. Michelle will throw red meat to the base and keep them fired up, even if it hurts her among independents. Once it's time, they'll snap together like Legos. It really couldn't be more obvious.
Yep, that ad has caused me to demote Bachmann on my list of preferred candidates. Herman Cain moves up as a result.
I will take Micheel anyday. Three words: tough on immigration.
I haven’t seen her shining up to La Raza.
That said, I would just as soon make Victor Hanson the nominee and be done with it.
If he did not spend more money than the state took in return the stimulus. Old amnesty Perry used the stimulus printed money to balance the budget and then bitched about the printing of money.
Perry's 2012-13 budget cuts about 10 billion off of Perry's budget of 2010-11. So if one were to do the calculation thru the current budget of 2010-11, adjusting for population growth and inflation, one would find Perry's 2010-11 budget to be several percentage points higher than his first budget.
FALSE CLAIM: Covering his deficits with record borrowing. TRUTH: Texas does not have a deficit. The states recent sale of Tax and Revenue Anticipation Notes (TRANs) is cash-flow management tool that dates back to 1987. These notes are sold every fiscal year to manage cash flow and to provide up-front payments to public schools. They are repaid within the fiscal year with tax revenue that comes in after the upfront school payments are made. Texas earned the highest possible ratings in anticipation of this offering, receiving a rating of SP-1+ by Standard & Poors, MIG 1 by Moodys Investors Service and F1+ by Fitch Inc. Texas net interest rate of .27 percent is down from last years rate of .34 percent, representing the states lowest net rate ever for these notes.
I found essentially the same as Perry's response now claims on the budget #'s: population growth and inflation make the spending look out of control creating a false impression.
At the Texas Debt Clock, the numbers are going in the right directions: GDP up, Revenues up, Spending down, debt down, debt-to-gdp down.
I don't think much of Bachmann's camp for stooping to such obvious distortions. There's plenty she can hit Perry on without resorting this. It's the kind of disingenuousness we get out of liberals and the kind of misinformation that she has tried to position herself as being above.
Here’s a source for some of that correct information on Texas’ finances: