Rick Perry’s Texas Has A $25 Billion Budget Shortfall

So far, so good. Rick Perry just announced his intention to run for the Republican nomination for President in 2012, so the main stream media is falling all over him, praising his “job creation skills” in Texas, his “rigid good looks,” his “Texas slang,” the ease at which he collects massive donations, and his “Bush mannerisms.”

And although these “traits” in themselves may be considered a plus by some, they have no bearings on his actual governing and presidential capabilities. Take for example this story that is, so far, ignored by the media; Rick Perry’s Texas has a projected budget shortfall of over $25 billion over the next two years.

This month the state’s part-time legislature goes back into session, and the state is starting at potentially a $25 billion deficit on a two-year budget of around $95 billion. That’s enormous. And there’s not much fat to cut. The whole budget is basically education and healthcare spending. Cutting everything else wouldn’t do the trick. And though raising this kind of money would be easy on an economy of $1.2 trillion, the new GOP mega-majority in Congress is firmly against raising any revenue.

So the bi-ennial legislature, which convenes this month, faces some hard cuts. Some in the Texas GDP have advocated dropping Medicaid altogether to save money.

Yep. Cutting education and dropping medicaid to save money… that’s the Republican way!