So the Feds will cut off the funds to Texas, they receive from Texas first?
Well, there’s the $20B-$30B in stimulus money Texas has taken or expects to get, That could easily be used as leverage, I’d think.
http://window.state.tx.us/recovery/
So far Texas has taken $17B of this money, and created 5,500 jobs.
Stimulus money was apparently used to keep Texas from having a budget deficit more than once, and they aren’t out of trouble yet, it seems. I hate CNN as a source, though, so I also added another source.
http://money.cnn.com/2011/01/23/news/economy/texas_perry_budget_stimulus/index.htm
http://www.texastribune.org/2011/08/17/love-hate-thing-stimulus-money/
I’m not sure how you can use all of that federal money to balance budgets, and then claim you don’t need federal dollars.
“Overall, non-stimulus federal money makes up 32 percent of the budget — about $54.4 billion of what the state government plans to spend over the next two years.”
Seems like a lot of federal dollars are needed by Texas.