Mar
17
2011
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Tax and Spend Conservatives, Pt 1. — Texas

This entry is part 1 of 2 in the series Tax and Spend Conservatives

A funny thing on the way to state budget solvency in Texas and Mississippi, which are among the reddest of the red states. You can’t get much more conservative than Texas’ and Mississippi’s governors, Rick Perry and Haley Barbour. The same goes for their budget solutions, which are firmly based in conservative budget orthodoxy: tax cuts and spending cuts will cure all budget ills.

So, why are Texas and Mississippi having serious budget problems? And why are the state’s governors breaking promises about taxes and spending?

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Written by terrance in: current events,economics,politics |
Mar
17
2011
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Tax and Spend Conservatives, Pt. 2 – Mississippi

This entry is part 2 of 2 in the series Tax and Spend Conservatives

As I wrote earlier, a funny thing happened on the way to budget solvency in some pretty red states: It didn’t work. Budget cuts and austerity have left Texas in the red, and the legislature taking a hammer to the state’s piggy bank, with an eye toward spending some of its "Rainy Day Fund."

Mississippi is in a similar mess, and Mississippi Gov. Haley Barbour is trying to find a way out of it, and toe the line of conservative economic orthodoxy. Too bad Barbour is failing miserably at both

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Written by terrance in: current events,economy,politics |

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