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Politics : Mainstream Politics and Economics
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To: Brumar89 who wrote (19904)7/19/2012 3:41:28 PM
From: Wharf Rat1 Recommendation  Read Replies (1) of 85487
 
Only about 250M was useful. 1/3 wasted on tax cuts, 1/3 went for state and local employees, or for balancing Blue State budgets in lieu of keeping public employes employed.

NEW YORK (CNNMoney) -- Texas Gov. Rick Perry likes to tell Washington to stop meddling in state affairs. He vocally opposed the Obama administration's 2009 stimulus program to spur the economy and assist cash-strapped states.

Perry also likes to trumpet that his state balanced its budget in 2009, while keeping billions in its rainy day fund.




But he couldn't have done that without a lot of help from ... guess where? Washington.

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

money.cnn.com
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