LONG LIVE KING PERRY

[Strike For The South]

Which proves the old adage of Texas politics. If you hate mexicans and are willing to make auto weapons legal to shoot mexicans we will never vote you out of office

14 more years!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Skullheadhq]

Sounds like a cool guy.

[Louis VI the Fat]

The global order of financial despair:

1) Norway
2) Switzerland
68) Greece
156) Zimbabwe
164) Louis' private finances
198) Ireland
234) Texas

Texas faces deeper cuts to balance budget

By Sheila McNulty in Houston
Published: November 10 2010 17:31 | Last updated: November 10 2010 17:31

Rick Perry may have won his third term as Texas governor this month, but the prize is a state budget deficit analysts estimate has grown as high as $25bn.

The projected deficit, to be announced in January, would leave Texas with tough decisions about how to meet spending commitments, as its constitution requires a balanced budget. It faces scaling back already lean budgets for education, healthcare and public safety.

Texas is one of 39 states that have projected budget gaps for the 2012 fiscal year, according to the Center on Budget and Policy Priorities. Republicans who were swept to power in state capitols in midterm elections on November 2 are promising big spending cuts in response, from trimming social services and reducing benefits for public workers to selling off state assets.
Texas is among seven states with no personal income tax; imposing one would mean revising the state constitution. Raising taxes is not an option for its Republican governor.

“You might not remember the $10bn deficit ...  in 2003,’’ Mr Perry said in his recent campaign. “Rather than jack up taxes, we took the same approach you’d take if your business had a shortfall; we drew a line between wants and needs then cut spending. We won’t hesitate to take that approach again.’’
The Dallas Morning News quoted senior legislative staff this month saying the deficit has gone as high as $25bn and could rise if the economy does not pick up.

Analysts agree, citing falling sales taxes, which account for about 65 per cent of revenue. Other sources, including the motor vehicle sales tax, franchise tax, natural gas tax, insurance premium taxes and lottery proceeds, have all been hit by a weak economy.
“It’s going to be a really bad couple of years for public schools,” said Mark Jones, political scientist at Rice University. Education accounts for 55 per cent of state spending, he said.
Other areas highly dependent on the state are healthcare, accounting for 25 per cent of spending, and public safety, accounting for roughly 10 per cent.

Richard Murray, political scientist at the University of Houston, said the state had not fully recovered from the cuts made in 2003. For example, 26 per cent of Texans are uninsured – a higher percentage than in any other state. The estimated average salary of public school teachers ranks 39th among states, with state and local expenditures per pupil in public schools ranking 44th.

Given an increasingly elderly population, large numbers of uninsured and a rise in those using public education, Mr Murray said drastic cuts would be needed.
Harvey Kronberg, head of the Quorum Report, which reports on Texas politics, said: “There are a lot of constituencies out there who are unaware how deep this is going to reach.

http://www.ft.com/cms/s/0/05c93fa0-e...#axzz154HniRnI

[Fragony]

Norway doesn't count they have oil. w8

[Strike For The South]

The global order of financial despair:

1) Norway
2) Switzerland
68) Greece
156) Zimbabwe
164) Louis' private finances
198) Ireland
234) Texas

[[/URL]

Meh the roads and schools are being taken over by Mexicans anyway

[The Stranger]

You might not remember the $10bn deficit ...  in 2003

well... that is now $25bn!!!

and we will not hesitate to take that same road again

Rick Perry for Gov'ner! $50bn!!!