You’re an idiot, Texas Gov. Rick Perry, who slammed the Recovery Act in 2009 because it was, “a wasteful and ineffective government bailout.” Turns out Texas used that “ineffective government bailout” to fix up nearly 97% of their $6.6 billion shortfall in its 2010-2011 budget. Texas’ 2012 budget looks like it’ll be just as bad, with a deficit of nearly $12 billion. The other states aren’t doing much better though, with a collective estimated deficit of $120 billion. Sadly, thanks to the hard work Rick Perry and his friends put into fighting the Recovery Act, future “bailouts” may never happen.
You’re welcome Mr. Perry, don’t mention it. “This Recovery Act is an ineffective government bailout! But if you’re offering, I suppose we’ll take it.”