View Full Version : The Texas myth shot down.

07-07-2011, 01:12 AM
Perry the magician (http://thinkprogress.org/economy/2011/07/06/261752/perry-budget-accounting-gimmicks/)

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Rick Perry Doubled Texas’ Debt, Then Balanced Budget Through Accounting Gimmicks

Gov. Rick Perry signed a budget that was balanced only through accounting maneuvers, rewriting school funding laws, ignoring a growing population and delaying payments on bills coming due in 2013.

It accomplishes, however, what the Republican majority wanted most: It did not raise taxes, took little from the Rainy Day Fund and shifted any future deficits onto the next Legislature.

As governor for over a decade, <span style='font-size: 14pt'>Perry’s “fiscal conservatism” has doubled the state’s debt from $13.7 billion in 2001 to $34.08 billion in 2009.</span> He’s refused to raise taxes on the wealthy and brags about not dipping into the state’s substantial Rainy Day Fund. <span style="color: #3333FF">(However, Perry’s fellow Texas Republicans claim Perry has appropriated nearly all the money in the Rainy Day Fund, and have asked him to stop claiming that he preserved it.) </span></div></div>

Say it ain't true.


07-07-2011, 03:21 AM
According to your own link's sources ... it ain't true.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Then there's debt to be repaid with program revenue. For example, interest on student loans is used to repay the bond that funded it without the state having to commit general revenue. That "self-supporting" debt has increased by 173 percent since 2001. </div></div>

OH DEAR ... UPPED THE SPOONAGE AGAIN I SEE! (http://www.politifact.com/texas/statements/2010/mar/04/bill-white/white-says-texas-debt-has-doubled-under-perry/)

07-07-2011, 03:25 AM
According to another of their sources for the "TRUTH" ... it still ain't true, other than to say there is actually $6.4B instead of the claimed $6B in the fund.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Lawmakers have already drawn down $3.1 billion of the fund’s roughly $9.5 billion reserve to cover a deficit in the current budget. </div></div>

It does go on to explain how MEDICARE will decimate the fund in the short term unless it is reformed.

Some folks just never learn. (http://www.texastribune.org/texas-legislature/82nd-legislative-session/perrys-rainy-day-fund-used-up-say-some-republicans/)

07-07-2011, 04:09 AM
So , [ LMAO ] your reply headline is,

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Perry's Rainy Day Fund? <span style='font-size: 17pt'>Used Up, Say Some Republicans </span></div></div>


The truth.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">About 10 minutes into his speech in New Orleans last week, Gov. Rick Perry geared up for one of the afternoon’s many applause lines.

Taking a moment to praise his state, he told the audience at the Republican Leadership Conference that the Legislature had just balanced the budget — <span style='font-size: 17pt'>without raising taxes and while maintaining essential government services. “I might add that new budget leaves $6 billion in a Rainy Day Fund,” he said, to the delight of the crowd. </span></div></div>

....a total lie!!!!!!!!!!!!...as my posts show.

Q....... /forums/images/%%GRAEMLIN_URL%%/crazy.gif

07-07-2011, 04:36 AM
As I said ... you never learn, you just repeat the lies louder.

Try reading the sources your source used.