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Old 02-09-2011, 05:22 PM   #36
dude1394
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I'll be NOT holding my breath waiting for the krugman correction after texas balances their budget...again...

Quote:
NEW YORK (CNNMoney) -- Texas lawmakers unveiled a Spartan budget late Tuesday night that slashes $31 billion in spending to close the state's massive budget deficit. Education, Medicaid and corrections would be hit particularly hard.
House legislators were forced to rely on spending cuts to close the shortfall -- estimated at between $15 billion and $27 billion -- because Republican leaders pledged not to raise taxes. They also did not touch the state's projected $9.4 billion rainy day fund, one of the most flush in the nation.
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Last edited by dude1394; 02-09-2011 at 05:25 PM.
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