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Rick Perry Flip Flops on Rainy Day Fund

by: Matt Glazer

Tue Feb 08, 2011 at 00:37 PM CST

It's raining. It's pouring. It's a $27 billion plus deficit, and Rick Perry is flip flopping now that he is back from his California vacation.

In today's State of the State speech, he says unequivocally, we should not touch the Rainy Day fund.

Research and experience tell us that the only way to create those jobs is to knock down the senseless obstacles to economic growth. For more than a decade, those of us elected to serve in this building have been working diligently to remove those obstacles, and create a level playing field, following a few simple rules.

For example, setting aside resources for a rainy day has given us a resource that other states would love to have, and some in our state would love for us to spend dry. Emptying the savings account to pay for recurring expenses is a bad idea, whether it happens at home, the workplace or in our state budget.

That approach would not only postpone tough, necessary decisions, but also leave us ill-equipped to handle bigger emergencies in the future. Therefore, we must protect the Rainy Day Fund.

Of course, in 1987 when he wasn't running for national office, his position was a little different.

Rep. Rick Perry voted for HJR 2 by Schleuter, establishing the Economic Stabilization Fund, in 1987.

To be completely honest, he only voted for the House version, then was absent on the vote on the conference committee report.

So in 1987, he wanted a fund that would help stabilize the Texas economy in the darkest hour. 24 years later, he doesn't want to touch the fund even though we have the worst budget shortfall in the country.

That means, President Governor Rick Perry does want: new revenues, fixes to the margins tax, implementation of the rainy day fund or corporations to pay their bills. Guess that leaves new taxes fees and increased, unfunded mandates to cities and counties.

This is what it looks like when Rick Perry, a career politician, "leads" Texas into an 19th 20th 21st 18th century economy.


And here is this jewel from his budget:

I look forward to working with these lawmakers to pass a responsible, balanced budget that reduces spending, sets budget and policy priorities without raising taxes, and preserves the state's Rainy Day Fund.

If he doesn't want to use the $10 billion in the rainy day fund, where is he going to find it? Federal money?


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It doesn't get much rainier (0.00 / 0)
I wonder if Rick Perry has bothered to read about the history that his state has regarding budgets... Texas is in one of the worst budgetary crises in many years, and the Rainy Day fund was tapped last time we had such a big crisis. Additionally, that fund is also at a record high, and not a small record high, either. Perry needs to readjust his priorities to align with the people of Texas' because right now, we're hurting and need the shelter that the fund will give us from this storm.

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