Tag Archives: runaway debt

Rick Perry Won’t Answer Voter When Respectfully Asked Why Texas Debt Is Up 184.2% On His Watch

By Gary P Jackson

What happens when a college student respectfully questions Rick Perry on his record:

What I asked Governor Perry was “Considering state debt has nearly tripled and spending has increased by two thirds since you were governor, and also that ACORN considered your help their ‘proudest moment,’ what were the differences between him and the current liberal president?” As you can see, he immediately tried to excuse away the numbers.

~ Drew Hjelm

This is completely unacceptable.

The real Rick Perry showed himself when a student in Iowa and why Texas’ debt has tripled on his watch. Perry, who claims to be a fiscal hawk, has a record that says something quite different. Debt is up 184.2% since Perry took office.

Drew Hjelm the young man who talked to Perry tells his story:

What I asked Governor Perry was “Considering state debt has nearly tripled and spending has increased by two thirds since you were governor, and also that ACORN considered your help their ‘proudest moment,’ what were the differences between him and the current liberal president?” As you can see, he immediately tried to excuse away the numbers.

I found the debt numbers at Politifact from Bill White, who quotes the Texas Bond Review Board. I asked Perry about the raw numbers, which show that in 2000 Texas state debt was $13.7B, and by 2009 that number had grown to over $34B (Mitchell Schnurman found more recent numbers for 2010: $37B.). Bill White at Politifact adjusted for inflation and found the debt merely doubled under Perry.

Perry’s record on spending can be found at Texas Budget Source. In 2000 when Perry took over, Texas spending was $49.7B and the latest numbers the site has available show that spending was $82.1B, a 67% increase. Adjusting for inflation and population growth, the growth in the size of the Texas government during his time as governor is a paltry 36%.

Finally, I found that Perry had good friends in ACORN, a community organization that Republicans love to hate. In 2006, Perry signed into law a bill which benefited low-income homeowners. ACORN called this their “proudest moment.” When Senator Kay Bailey Hutchinson opposed funding ACORN in 2007, he attacked her.

This brings me full circle back to my question, what are the differences between him and the current liberal president? The Republicans love to attack President Obama for being a tax and spend liberal, being friends with all sorts of liberal organizations, and so on. Governor Perry’s record shows that he isn’t much different than President Obama, and he didn’t want to comment on this. His campaign website spouts platitudes about a record of cutting spending, which don’t jive with the numbers.

Read more here.

Hjelm is a little off on his calculation, using numbers all of the way back to 2000, which was still Governor Bush’s budget. Perry didn’t have budgetary authority until FY2002. Whitney Pitcher took a hard look at the record of all five Governors who were potential presidential nominees, Huntsman, Palin, Pawlenty, Perry, and Romney.

Rick Perry is in a whole class by himself on this deal. Anyway you slice it, debt has grown at an average of just over 20% a year since Perry has been in office.Roughly double that of Mitt Romney and Tim Pawlenty, and more than five times that of  Governors Jon Huntsman and Sarah Palin:

During the fiscal years for which Sarah Palin exercised budgetary authority as Governor of Alaska (FY08 through FY10)

• Debt outstanding increased 12.7%, or 4.2% per year

• Per capita debt outstanding increased 7.4%, or 2.5% per year

• Total liabilities decreased 34.6%, or 11.5% per year

• Total liabilities per capita decreased 37.7%, or 12.6% per year

During the fiscal years for which Jon Huntsman exercised budgetary authority as Governor of Utah (FY06 through FY10)

• Debt outstanding increased 21.0%, or 4.2% per year

• Per capita debt outstanding increased 6.8%, or 1.4% per year

• Total liabilities increased 41.1%, or 8.2% per year

• Total liabilities per capita increased 24.5%, or 4.9% per year

During the fiscal years for which Tim Pawlenty exercised budgetary authority as Governor of Minnesota (FY04 through FY10)

• Debt outstanding increased 66.0%, or 9.4% per year

• Per capita debt outstanding increased 58.5%, or 8.4% per year

• Total liabilities increased 40.7%, or 5.8% per year

• Total liabilities per capita increased 34.3%, or 4.9% per year

During the fiscal years for which Mitt Romney exercised budgetary authority as Governor of Massachusetts (FY04 through FY07)

• Debt outstanding increased 44.3%, or 11.1% per year

• Per capita debt outstanding increased 43.3%, or 10.8% per year

• Total liabilities increased 19.5%, or 4.9% per year

• Total liabilities per capita increased 18.7%, or 4.7% per year

During the fiscal years for which Rick Perry exercised budgetary authority as Governor of Texas (FY02 through FY10)

• Debt outstanding increased 184.2%, or 20.5% per year

• Per capita debt outstanding increased 140.4%, or 15.6% per year

• Total liabilities increased 60.6%, or 6.7% per year

• Total liabilities per capita increased 35.8%, or 4.0% per year

Even Mitt Romney looks like a serious fiscal hawk compared to Rick Perry!

I have several problems with this situation. One, the student asked a legitimate question of Perry, and was nice about it. For Perry to blow him off like that, and call him a liar is unacceptable. But it is typical Rick Perry.

During the 2006 gubernatorial election, Perry was neck deep in the Trans-Texas Corridor fiasco. The people who would have been effected by this half-million acre land grab weren’t exactly pleased. The Blackland Coalition hosted several events including candidate forums. Perry refused to attend any of them and answer the public directly about this theft of land and the crony capitalism involved. We heard from all of the other candidates, even democrat Chris Bell. [Note, a democrat hasn’t been elected to statewide office in almost two decades.]

This is how Rick Perry operates. Texans know this well. The rest of the nation better find out and find out fast.

Something else to think about. It’s accepted fact among Conservatives that nominating Mitt Romney would be a disaster [on many levels] mainly because it takes ObamaCare discussions off the table. It’s hard for Romney to credibly take on Obama over this since Mitt is the father of socialized medicine in America, and his plan served as the blueprint for ObamaCare.

The question America has to ask itself is how can Rick Perry can credibly take on Obama over his massive debt creation, when under his watch debt in Texas has tripled? The Obama regime will be on that like white on rice.You can take that to the bank!

My biggest fear is Conservatives will listen to Perry’s rhetoric on the campaign trail, and not look at his actual record as Governor of Texas. While Texas is certainly doing better than the rest of the country, Perry inherited a state from George W Bush that was already business friendly and free of the tax policies and draconian regulations that make it hard to succeed. Texas was already the greatest place on earth! While it still looks good today, under the surface there are some serious fiscal issues that are about to boil over.

Caveat emptor.

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Sarah Palin Slams Obama Over Energy Independence And The Failing U.S. Dollar

On the heels of calling on Obama to get it in gear on Afghanistan, Sarah Palin is taking Obama to task over America’s failed energy and economic policies.

Sarah released the following statement:

Further Proof of the Need for Energy Independence

The British newspaper The Independent reported today that Gulf oil producers were negotiating with Russia, China, Japan and France to replace the dollar in pricing oil with a basket of currencies.[1] According to the Wall Street Journal, Arab oil officials have denied the story, but even the possibility of such a talk weakens the dollar and renews fears about its continued viability as an international reserve currency.[2] In fact, today a United Nations official called for a new global reserve currency to replace the dollar and end our “privilege” to run up huge deficits.[3] We can see the effect of this in the price of gold, which hit a record high today in response to fears about the weakened dollar.[4]

All of this is a result of our out-of-control debt. This is why we need to rein in spending, and this is also why we need energy independence. A weakened dollar means higher commodity prices. This will make it more difficult to pay our bills – including the bill to import oil.

In his book Architects of Ruin, Peter Schweizer points out that the Obama administration is focusing primarily on “green energy,” while ignoring our need to develop our domestic conventional energy resources.[5] We’re ignoring the looming crisis caused by our dependence on foreign oil. Because we’re dependent on foreign nations for our oil, we’re also at their mercy if they decide to dump the dollar as their trade currency. We can’t allow ourselves to be so vulnerable to the whims of foreign nations. That’s why we must develop our own domestic supplies of oil and gas.

Though the chant of “Drill, baby, drill” was much derided, it expressed the need to confront this issue head-on before it reaches a crisis point.

Bottom line: let’s stop digging ourselves into debt and start drilling for energy independence.

– Sarah Palin

[1] See http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html

[2] See http://online.wsj.com/article/SB125484066563367821.html

[3] See http://www.breitbart.com/article.php?id=CNG.e272eaa74dccc30f21c6ff7638b0f37b.461&show_article=1

[4] See http://news.yahoo.com/s/afp/20091006/ts_afp/commoditiesgoldmetalsprice_20091006144514

[5] See http://www.peterschweizer.com/

*Note: Schweizer’s book is a real eye-opener. The sections on ACORN are quite informative.

We are in the middle of a major crisis, and obviously Obama is not helping matters. The United States has racked up more debt since Barack Obama took office on January 20, 2009 than in the last 233 years of America’s existence combined! Obama has spent more than every President, from George Washington to George W Bush, combined.

Now that’s bad enough, but since the democrat party gained control of Congress after the 2006 elections, we have also had a serious economic crisis. At a time Congress should be slashing budgets, killing useless programs, and cutting taxes, to stimulate the economy, all proven ways to do it, Obama is spending unprecedented amounts of money, attempting to engineer the government take over of 20 percent of our economy, and RAISE taxes on every single American. And that’s just for his communist ObamaCare program, an unconstitutional boondoggle that will destroy all freedoms and liberties in this country.

Now just in case ObamaCare fails to completely destroy America, Obama and his Flat Earth Society, has cap and tax to finish the nation off. These flat earthers believe in the fairy tale of “man made global warming,” or at least they want YOU to believe this hoax.

We all know that the “green movement” is just an other mechanism to institute world wide communism. Remember, one of the leaders of this “movement” is none other than domestic terrorist Jeff Jones, a Marxist, and a co-founder, along with murdering terrorist (and longtime Obama confidant) William Ayers, of the ultra-violent Weather Underground, a group that declared war on America, and whose stated goal was to implement a Marxist society.

Of course, while Obama and psychopathic liars like Al Gore try to guilt you into turning your life, and hard earned dollars over to the state, there are other evils at work.

Anyone who even does the tiniest bit of cursory investigation knows we have enough oil, natural gas, and coal to make us completely energy independent. But Obama and his minions will not let us use it.

We have oil off the California coast. This is known oil. The wells are capped. In just a few short months these wells could be producing. California is broke, and about to become a failed state, and yet, we can’t use that oil, because it would “harm the planet.”

If this is true, how does one explain Barack Obama’s incredibly generous support for drilling off the coast of Brazil?

I’m sure Obama would rather not explain, because this is just more corruption from the most corrupt President in our nation’s history. So, let me help you out here.

The story broke in August that Barack Obama had “loaned” Brazilian oil giant Petrobas $10 billion of our tax dollars so that they could drill for oil off of their coast. Aren’t Obama, Al Gore, and the rest “greens” concerned for Brazil’s pristine coastline? What gives?

Well, Barack Obama’s generosity with our tax dollars, and his lack of concern for the environment in the Southern Hemisphere, might have something to do with the fact that Nazi collaborator, billionaire currency speculator, and self proclaimed “owner of the democrat party” George Soros bought controlling interest in Petrobas just days before Obama’s multi-billion dollar loan!

As usual, Sarah Palin was all over this at the time, as were others, but as corrupt as Obama is, the news media has become nothing more than branch offices for the White House, nothing more than huge PR firms!

Really sad state of affairs, and it’s only getting worse, not better.

For America, the greatest nation on earth, to be in this mess, a mess that could have been completely avoided is more than just sickening, it’s criminal. The far left and GOP turncoat moderates, the Vichey Republicans, as a friend calls them, have sold us out.

We send between $700 billion and $1 trillion a year overseas to buy oil. This is the greatest transfer of treasure the world has known. The ultimate in the communist “share the wealth” plan. We are funding nations that hate our guts. We are actually paying them so they can in turn purchase the very equipment they will use to attack us, militarily, some day.

One can only image the boost to the economy we would see if we used our own God given natural resources, and kept that money at home.

Obama and his buddy Jeff Jones put together a nearly $1 trillion stimulus package that has been nothing short of a total disaster. A good man would admit his mistake, and admit it now.

I can think of no better of a stimulus package than to spend that money building new oil refineries. We haven’t built one in over 30 years, and actually have less online now than we did then!

We could build new clean coal plants to take advantage of one of our most plentiful resources. More importantly, we could go on a crash program similar to the program we used to go to the moon, and start building dozens of nuclear power plants nationwide.

Talk about job growth and economic stimulation!

As I write this, I realize America is at a dangerous time in her history. All of our enemies are circling around us like vultures, and we have the most inexperienced, incompetent President imaginable. Even worse, instead of an incompetent who at least believes in America and the American way, we are stuck with an anti-American, anti-capitalist, Marxist!

There is absolutely no excuse for America to be in this shape, ever. We are not some banana republic, or an island with no raw materials. Just the opposite, we are a nation with plenty of resources, and the ability to do anything.

We need to clean house in Washington. With very few exceptions there should be no incumbents reporting back to D.C. for work after the 2010 elections. Past that, the American people need to put pressure on Barack Obama to either do what is right, and stop this insane march to communism, or resign and let someone who knows what they are doing take his place.

When we see this rapid of a decline in America, and this level of incompetence from a President, it’s time for some tough love! Things are too fragile to allow this foolishness to continue.

Get a clue Mr President, the key to America’s national security, and her prosperity is her abundant natural resources!

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