Tuesday, September 21, 2010

Is This a Fiscal Crisis for Texas?

Whose fault is it? The Texas budget could top a 20 billion dollar short fall next year and Governor Rick Perry would like us to believe the fault lies completely with Washington.  The article, “Perry skips over state’s role in budget shortfall”, written by Jason Embry for The statesmen, brings up some good points concerning the shortfall. He points out that it is true the current economic down turn which was started in Washington does affect the tax collections in the state, but our own politicians have also played a part in it as well. In 2006, they increased school spending and cut taxes, therefore helping to create the situation. When you combine the two together plus a recession you have the perfect set up for a fiscal crisis. Taxes, whether they are raised or cut, always affect everyone. It is why I took a second look at this article and why I think it is worth reading.  

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