Flashback 2009: Texas Has Its Credit Rating Upgraded By S&P Based On Rick Perry’s 2010–2011 Budget…
Perry could wipe the floor with Obama based on his economic record alone. Half of all jobs created in the U.S. during last two years came from one state, Texas.
AUSTIN — Standard & Poor’s (S&P) has raised Texas’ issuer credit and general obligation credit ratings to AA+ from AA based on the state’s strong and diverse economy and strong leadership from the governor and Legislature that has left a projected $9 billion in the state’s Rainy Day Fund. S&P also raised its rating on the state’s appropriation debt to AA from AA-.
“The ratings continue to reflect our opinion of the state’s large and steadily diversifying economy, which despite the recession continues to perform better than the nation in terms of both economic activity and employment,” S&P credit analyst Horacio Aldrete-Sanchez said. “Furthermore, we expect that the Texas economy will recover earlier and at a faster rate than most other states given its continued population growth and relatively low cost of doing business, which we expect will contribute to gradual employment gains in 2010, particularly in the health, education and services sectors.”
S&P’s decision was based on Texas’ 2010-11 biennial budget, the state’s strong Rainy Day Fund, and Texas’ low tax-supported debt burden. The higher rating means Texas will pay lower interest on money it borrows, saving of millions of taxpayer dollars.
“In light of the economic downturn affecting the nation, this session we continued to make wise choices, such as cutting taxes on 40,000 small businesses and maintaining a multi-billion dollar balance in our Rainy Day Fund that have helped our state sustain its overall economic strength,” Gov. Perry said. “These prudent and fiscally conservative decisions continue to pay off for our taxpayers.”
HT: Baseball Crank
Posted by ZIP on Friday, August 5, 2011, at 11:45 pm | 
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The longer Perry keeps the Libs in suspense, the more they’re crapping themselves. That’s why one of their little agents released his school records to HuffPo. Notice that it did absolutely no good since the next obvious question would be, “Why can’t we see Obama’s school records?”.
ironmaiden
I saw that and thought the exact same thing.
Is that really a can of worms they want to open? I really hope they press the issue because Obama is the one who has been hiding something and going through a lot of trouble to do so.
I just don’t trust this guy but I guess he is better than Romney (gross!)
what a choice.
We are going to be stuck with Romney-I can tell-I hope not
Where has he been since he lost the nomination? NoWhere-no statement no stands taken nothing nothing and nothing-where was Perry for that matter?
Say what you want about Palin (ack I think I like her) at least she has been vocal every step of the way-we only hear from Perry or Romney when it suits their purposes
Bastards one and all
PEACE
This election would be the time to hammer the shit out of obama about all of his records from birth to education!
What are you hiding barry? Could it be the fact that your a FRAUD like your whole fucking party!
Merrimac
Who isn’t better than Romneycare
In all seriousness though, Perry (who def has some faults) has a very proven economic track record to run on and that’s going to account for 99% of the election IMO.
This should make Perry’s numbers rise in the presidential polls.
The Democrats have heaped upon the us the biggest Keynesian/Marxist spending spree in history, and the result has been almost no GDP growth, abnormal unemployment exceeding 9.2% (despite 117,000 new jobs in July), decreased consumer and aggrigate spending, creeping inflation, debt up to our eyeballs and now a national credit rating downgrade. At least Perry understands economics to a competant level as to produce positive results. Obama has ZERO experience and it shows. We all pay for the Democrat’s incompetence.
rbosque
You nailed it. Even the next prez is going to have one hell of a job digging us out of this mess.
Obama keeps whining about the mess he inherited.
The mess he is going to leave may take GENERATIONS to clean up.
SOB!
I was disappointed, but not surprised, to see that Perry gets a grade of D- for immigration. He has been trying to act tough recently but is an open-borders guy at heart.
https://www.numbersusa.com/content/action/2012-presidential-hopefuls-immigration-stances.html
@Merrimac
“Say what you want about Palin (ack I think I like her) at least she has been vocal every step of the way-we only hear from Perry or Romney when it suits their purposes”
OH, MY, GOD! Merrimac is that you? The “I can’t stand that stupid woman etc. etc. etc. etc., Merrimac?
I don’t believe it. The medication is finally working….
Go Perry! I’ll vote for ya. All day and night, if I have to..
@Dana
“Joining a growing chorus of governors, Gov. Rick Perry said this week that he sees immigration enforcement as the responsibility of state officials, as well as federal authorities. In a speech to state legislators, Perry, a Republican, said that cracking down on illegal immigration was one of the “emergency items” for Texas officials to tackle.
Many governors and other state and local officials who want strict enforcement on immigration believe that the federal government has failed to control illegal immigration, and that states must take the matter into their own hands.”
All over the net the libs are blaming the tea party and GOP for this. He’s gonna skate right through this and the media will help I’m sure.
@ZIP
“Even the next prez is going to have one hell of a job digging us out of this mess.”
Let us hope and pray that the next prez assumes the situation and never, ever blames the last administration. Yeah, they are the cause, but I don’t want to hear it.
The next prez basics….you ran, nobody held a gun to your head, you knew the issues, noW DEAL WITH THEM. FIX THEM!!!
Perry has my vote. I just hope he runs.
Obamie is a black Democrat; therefore, he cannot be held responsible, because “he bees a victim” and “you owes him da gubment check”.
And Michelle “gets” da 400 K a yr no show affirmative action job as a “community outreach” hack in a inner city NON PROFIT hospital where she earned TWICE as much as most of the MDs.
No questions may be “axed” about this “job” because “they bees racist”.
Glad to clarify……………….
And another ace falls right into Rick Perry’s hand.
-High job growth/creation
-Credit rating upgrade
-Not Sarah Palin (I love Palin, but she’s unelectable)
-No BS
He’s going to run and he’ll announce after the Ames Poll. He’ll get the nomination and crush Obama next fall. I just hope it’s not too late for all of us.
Uh…Go Rick?
Go Thune(my choice)? Go Palin? Go Mitt? Go Bachmann?
I’m not 100% on any of these but they are all 1,000% better than Obumbler.
Perry/Ryan Perry/Ryan Perry/Ryan Perry/Ryan
get it?
dont fuck up GOP, everythings at stake, play the dream team and make sure to win
but stay under cover as long as possible. mitt’ll take the heat meantime.
@Hidajunshin
Agree 100%. Your vision is perfect. The only thing that would make it better is to take Paul Ryan as his running mate as really pointed out.
Perry/Bachmann would make a logical winning team. Perry for his great economic policies and vision and Bachmann for her steadfast conservatism. These two would make a terrific team to cover the most important bases.
I don’t like Perry’s views on open borders and illegal immigration. But I think that Bachmann could exert some influence here and he would have to respond to the wishes of the people.
I like the fact that Perry plays to win and that the Bush family and their lackeys hates him. Forget Palin, she ain’t running and she is played out. You would have in a primary a successful 3 term governor v. a 1/2term governor.
Perry isn’t the guy everybody thinks – he’s not a RINO, he’s a former dhimmicrat.
TX legislature has made good things happen in that state, sometimes with Perry, most of the time in spite of him.
It’s too early to put all our eggs in one basket. Let them duke it out in some more debates, although ANY of them would be better than the current commie in the WH.
I’m sure Mitt is only riding on his name recognition. He’s coasting – to “oily” for me, and I voted for him over MuhCain.
Perry’s bad press hasn’t caught up with the fawning and fainting dweebs who like what he’s said in the last 6 months. Dig a little deeper – this guy may be another malignant narcissist.
I am telling you, spending is an issue with Perry. Yes, he’s better Obama but so are the lawn scupltures my schnauzer makes. Texas is thriving IN SPITE of Perry not because of Perry.
Perry passed an order trying to force all of our daughters to get STD vaccinnations on or before 16 and ONLY objections for religious reasons were acceptable. The vaccine was manufactured by one of his old cronies. He was forced to rescend the order. Need more info? http://www.redstate.com/erick/2011/06/17/rick-perrys-scandalous-skeletons-come-out-of-the-closet/
Next, the dude says “I can’t sleep at night knowing what we have found coming across our southern borders”. Yet, he does nothing about it. Every election, “let’s get tough on illegals” until he gets elected. He’s bad news folks.
Bachmann, Palin, Ryan, anyone but OBAMA or MITT.
As far as Palin be tired, wow! We need more tired 40 yr old women around like her. Sarah Palin – Nature’s Viagra!
Cowdude
Cowdude is right about Perry being a politician first and foremost. Better than Romney? Yes, of course. Better that McCain? Absolutely. Better than Palin? Probably not. But, better than Obama? Hell, yes.
I’m definitely ABO
Anyone But Obama
Was disappointed when Daniels said no but I’m leaning Perry. He’s not like well liked by the Karl Rove faction & that’s good enough for me…
&
I think he’s smart enough to realize how the immigration wind is blowing with our massive #’s of unemployed & under employed…
As many have said the #’s do not reflect people who have given up looking & exhausted their benefits. There is a lot of under the table work going on.
Perry is just another politician who will tell you what you want to hear to get your support. Do not trust this man.
http://endoftheamericandream.com/archives/14-reasons-why-rick-perry-would-be-a-really-really-bad-president
The refrain we see from Texans on Perry’s success was that he succeeded in spite of himself, that he owes his kudos to the TX legislature. Let’s look at Perry’s (as well as the other candidates’) financial management, shall we? This is from Little Blog on the Prairie:
Of the five governorships examined, Alaska under Palin saw the smallest increase in total debt outstanding (12.7% cumulatively, 4.2% per year). Texas under Perry performed worst, with total debt increasing 20.5% annually, almost tripling during his term (a cumulative increase of 184.2%).
On a per capita basis, only Utah under Huntsman performed slightly better than Alaska under Palin. Utah experienced a cumulative increase of 6.8%, versus 7.4% for Alaska (1.4% per year for Utah, versus 2.5% per year for Alaska). Again, Texas under Perry ranks last, with an astonishing cumulative increase in debt per capita of 140.4% (15.6% on an annual basis).
http://bit.ly/neTw2k
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After seeing this, Perry looks like George II.
All the Palinistas come out to rally against anyone who is a threat to the 1/2 term governor. Forget it, she is not running. So let me get this straight, Texas creates jobs in spite of Perry, however if Texas loses jobs it is Perry’s fault?
As for Bachmann-Turner Overdrive – you have got to be kidding?
Go Perry GO!!
The Only One That CAN Win!!!!
P.S. >>>>>>>>
They Are ALL Politicians.
Even Palin.
MY VOTE is Perry!!
Don’t Forget that Palin has threatened to Run as an Independent if not ”’chosen”’ by the Rs.
Trump says the same thing.
Trump….”If the R’s choose someone I don’t ”like”’…….
Trump says he will enter the Race as an Independent.
(((Both Statements from Trump and Palin were spoken very soon after the Pizza Get-Together))
Think about it.
Wow the campaign ads for the golfier-in-chiefs failures will be more like a documentary in length.
One ad for each screw up should make sure the SOB is one and done.
McCain – he’s not really real, he’s just pieces of other people glued together, and watching him in last debates was totally embarrassing. Thanks but you are way too old and afraid to speak the truth dude.
Romney – not everyone’s fav but a stand up guy. Shit happens, he’s made mistakes. But eclipsed by Perry no question.
Bachman – amazing woman but no.
Palin – amazing woman but no.
Every other candidate – you havent got the gravitas to pull it off, sorry. Christie is a bit too must bluster btw.
But-
Perry – yup there’s the one that can do it, he looks like America, and is what we need. Keep MSM away from him long as possible, and he can do what needs to be done.
Ryan – all of the above, and he’s the actual true adversary of hussien the deceiver. Ryan is *the next gen Republican, ‘presidential timber’ – he out smarts and looks and talks and walks barry in every way, he’d kick his arse.
Perry/Ryan – the dream team. Do it or risk the end of America. Must. Win. 2012. No way Dems can match that team, and no glaring issues or deficiencies these guys cant cover. Our. best. chance.
Don’t let your standards for improvement fall too low because of Obama. I want something better than a new poke in the eye, with a duller stick.
I think we can do a lot better than Perry. I like Bachmann way better than Perry. But that isn’t saying much for Bachmann at the same time.
@Bitterclinger
PERRY’S DEBT:
It turns out that transportation is responsible for most of the added debt load under Perry, increasing from basically nothing in 2000 to $11.8 billion outstanding as of Aug. 31 2009. That’s because before 2001, the Texas Department of Transportation lacked the authority to borrow money to pay for road projects. Voters gave it that power in 2001 when they approved a constitutional amendment that Perry supported.
Perry took office Dec. 21, 2000 — nearly five months into fiscal year 2001. At the end of that year, Texas had $13.7 billion in outstanding bonds and notes. Adjusting for inflation, that would have equaled $16.6 billion in 2009.
But there’s a subset of state debt that hasn’t surged, Perry’s campaign pointed out — currently $3.07 billion to support parks and for construction of state facilities, among other activities. That debt has decreased by about 6 percent since 2001.
Then there’s debt to be repaid with program revenue. For example, interest on student loans is used to repay the bond that funded it without the state having to commit general revenue. That “self-supporting” debt has increased by 173 percent since 2001.
Regardless, Dale Craymer, president of the Texas Taxpayers and Research Association, noted that lots of things have probably doubled since Perry became governor. After all, he’s held the office for over a decade.