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Texas in trouble


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2011 Mar 17, 2:56am   731 views  1 comment

by Vicente   ➕follow (1)   💰tip   ignore  

Just a little diversion for me, all the people who like to talk about California collapsing, well even Paradise Texas with it's "fiscally conservative" leaders has some troubles. New folks in charge in Texas having to face the fact it's easier to TALK about fixing things, than to do it:

Magnifying the difficulty of the move here was that Pitts and other conservatives knew they had to get the state's – and perhaps the nation's – most outspoken advocate of budget cutting -- Gov. Rick Perry -- to climb down from the no-spending pledge with them. It took a week of convincing, but Perry, Lt. Gov. David Dewhurst and Speaker Joe Strauss – all Republicans – issued a statement on Tuesday approving a $3.2 billion withdrawal from the reserve fund to plug the budget hole, in addition to making $1 billion in cuts.

That deal will solve the budget problem – until Aug. 31. Lawmakers still need to cut another $23 billion from the next two-year budget.

"In other words, the state only has about three-fourths of the money it needs to continue doing what it is doing now," explained F. Scott McCown, director of the Center for Public Policy Priorities, an advocacy group for the poor. "And every single thing the state does now is something that the governor previously agreed it ought to be doing."

http://www.huffingtonpost.com/2011/03/16/texas-economic-miracle-be_n_836885.html

#politics

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1   terriDeaner   2011 Mar 17, 9:16am  

What's their state-sponsored pension system like?

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