[ding_dong_daddy_from_dumas]

What’s the real story on the Texas deficit under Perry? I have heard reports of 20B+ deficits, a 6B “Rainy Day Fund”....

I am not trolling. I just want to get some idea what the truth is.

We should talk about this, because this question will arise when Perry accuses Obama of spending too much.

[ding_dong_daddy_from_dumas]

Here is a pro-Perry, anti-Krugman article WRT Texas govt. finances:

And it may not be all that hard: Pace Krugman et al., Texas’s potential shortfall probably is not $25 billion. The inside guys talk about $11 billion to $15 billion, spread out over a two-year budget. (Texas writes one budget every two years, and has a legislature that meets every two years.) Even the liberal bedwetters over at the Center for Budget and Policy Priorities expect the budget hole to amount to about 10 percent of the whole enchilada, as compared to more than 50 percent in basketcase California.

Here is another one that compares the above article with Krugman's article: Krugman vs. Williamson: The Texas Deficit

Frankly I find this pretty confusing.