Posted by Brad @ 2:47 pm on January 25th 2011

2012 Watch – Rick Perry Edition

At some point, it seems that Rick Perry will become a formidable candidate for President. If not this cycle, than the one after. Which is why it’s at least worth noting this story, if for no other reason than it is sure to be used against him in any future Republican primary.

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.

Texas, which crafts a budget every two years, was facing a $6.6 billion shortfall for its 2010-2011 fiscal years. It plugged nearly all of that deficit with $6.4 billion in Recovery Act money, allowing it to leave its $9.1 billion rainy day fund untouched.

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