Texas Governor Rick Perry, the Democrat-turned-Republican who served as George W. Bush’s lieutenant and won his third term last year, wants you to think he’s not a fan of federal bailouts.
Yet, on the same day “Texans for Rick Perry” launched their “No Government Bailouts” campaign, Perry himself was lining up with the rest of the states asking for billions in federal funding from President Barack Obama’s Recovery Act.
Despite having $9.1 billion in surplus in a so-called “rainy day fund,” Texas faced a $6.6 billion budget deficit in the 2010-11 fiscal years. To fill that gap, the state took $6.4 billion from the Obama administration and declared their budget gap covered, freeing up the Republicans who dominated the legislature to run on their fiscal responsibility.
The day after President Obama signed the Recovery Act, Perry published an op-ed in The Washington Times, railing against “unparalleled growth in government.” On his blog, he urged supporters to sign his petition against “irresponsible spending that threatens our future.”
Rick Perry’s future, however, was not the one at risk. On that same day, CNN noted, Perry applied for funds from the Recovery Act, slamming shut the state’s budget deficit and plugging holes in Texans’ Medicare and public education.
A spokesperson for Perry told the network that “Texas would have balanced its budget regardless of the presence of stimulus dollars.”
Texas, which had nearly double the national average percentage of its children who go without health insurance, today faced a $25 billion budget shortfall for the 2012-13 fiscal years.
The Republican-dominated legislature, which recently debated opting out of a federal children’s health insurance program to raise money for the state’s general fund, was seen as unlikely to raise taxes in order to close the gap.
The reason for such a sudden, massive hole? Texas “government gets about 60 percent of its revenue from sales taxes, so when there’s a dramatic drop in state revenues, or collections, there’s less money to spend,” the Texas Tribune noted. “During the economic recession of 2008-2009, Texas saw a drop in state revenues for 14 straight months.”
Grimmer still, the state’s unemployment swamp was continuing to deepen: even while employers added 20,000 jobs in December, that did not exceed the number of jobs lost in the same month, driving unemployment upwards to 8.3 percent.
Since Texas also lacked an income tax, that growing number of jobless meant even less revenue in sales taxes. The state’s job rolls still haven’t recovered from 2009 either, when over 350,000 positions were lost state-wide.
‘Angry’ Trump Michigan voters admit they want ‘this nightmare to end’ in November
President Donald Trump's Michigan supporters are abandoning their 2016 pick for Vice President Joe Biden as the election comes closer.
In a series of interviews on MSNBC Sunday, revisited voters they'd met earlier in the election cycle in Kent County.
Katey Morse and her husband were both working full time, and their kids were in school back in March, but things quickly changed as the coronavirus spread throughout the country. Luckily, she and her husband didn't lose their jobs, but they, like many parents, are struggling to do virtual school for their kids.
"I'm turning into more of an angry person than I've ever been in my life," she said about how she feels politically, noting that it makes her sad. "I've just got a countdown to November now, and I'm hoping we'll wake up from this nightmare we're in."
Trump abusing the intelligence community in an attempt to keep them quiet about Russia election hacks: Conservative
The New York Times Magazine piece outlining President Donald Trump's battles with the U.S. intelligence community revealed that Russia is continuing to wage its own cyberwar against the world. According to conservative Washington Post columnist Max Boot, the devastating report explained the extent to which the president is ignoring the threats to the 2020 election.
“The options faced by the intelligence community during Trump’s presidency have been stark: avoid infuriating the president but compromise the agencies’ ostensible independence, or assert that independence and find yourself replaced with a more sycophantic alternative," wrote Robert Draper in his lengthy investigation into Trump's efforts to politicize international intelligence. According to Boot, the most shocking part of the investigation was that the experts in the intelligence community have been banned from speaking honestly about the Russian attacks.
‘Incompetent moron’ Chuck Todd ripped for letting Trump official claim Democrats want more COVID-19 deaths
"Meet the Press" host Chuck Todd is under fire -- once again -- after letting Donald Trump's trade adviser Peter Navarro claim on NBC that Democrats want more Americans to die during the coronavirus pandemic to boost their chances at the polls in November.
Instead of pushing back the NBC host known for his lack of follow-up questions let the comment slide by responding, "I take your point."
Todd's failure to call out the Trump aide for what one Twitter commenter called a "disgusting" comment led to an avalanche of criticism for the MBC political director who recently saw his weekday show cut back to make room for more commentary by colleague Nicolle Wallace.