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Texas was the number one user of Federal Stimulus funds

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RandySF Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 01:20 PM
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Texas was the number one user of Federal Stimulus funds
Turns out Texas was the state that depended the most on those very stimulus funds to plug nearly 97% of its shortfall for fiscal 2010, according to the National Conference of State Legislatures.

Texas, which crafts a budget every two years, was facing a $6.6 billion shortfall for its 2010-2011 fiscal years. It plugged nearly all of that deficit with $6.4 billion in Recovery Act money, allowing it to leave its $9.1 billion rainy day fund untouched.

"Stimulus was very helpful in getting them through the last few years," said Brian Sigritz, director of state fiscal studies for the National Association of State Budget Officers, said of Texas.

Even as Perry requested the Recovery Act money, he railed against it. On the very same day he asked for the funds, he set up a petition titled "No Government Bailouts."


http://money.cnn.com/2011/01/23/news/economy/texas_perry_budget_stimulus/?cnn=yes
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old mark Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 01:27 PM
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1. K&R...I bet they will greatly benefit from the healthcare reform, too...
but they will HATE to admit it.

mark
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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 01:29 PM
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2. recommend
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blogslut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 01:32 PM
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3. Sigh
My only remaining hope is that Goodhair screws his pooch so badly he ends up being impeached and removed from office. He's got a good start on that road.
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 01:49 PM
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4. Amazing that they have the lowest unemployment rate in the country.
Edited on Tue Jan-25-11 01:57 PM by louis-t
Gee, I wonder why.

Correction, they had the most job gains in December in the country, .
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AlinPA Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-25-11 01:57 PM
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5. Socialists in Texas! Socialists in Texas! nt
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