Texas has 10 Billion Rainy Day Fund

Discussion in 'Current Events' started by katzgar, Sep 7, 2017.

  1. katzgar

    katzgar Banned

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    Texas maybe but the rest of the south takes more from DC than they give. You need to add Houston to the hell hole list...I have been there.
     
  2. tharock220

    tharock220 Well-Known Member

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    [​IMG]

    It's our money son. Step sening it back, we'll stop sending it out.
     
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  3. WillReadmore

    WillReadmore Well-Known Member

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    So, Texas sucks money from their population to the tune of $10B and then demands that the rest of us help them while keeping that reserve untouched!!

    Tell me again which government is voracious.
     
  4. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    No. The states have no financial latitude to tax for these events.
     
  5. WillReadmore

    WillReadmore Well-Known Member

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    Reports I read state that the Texas rainy day fund of $10B came from the general fund and from taxes on the petroleum industry.

    Both those are taxes.

    Or, are you saying that the rainy day fund, chartered as it is to address hits to the Texas economy, can't be used for anything related to Harvey - which I would have guessed is a hit to their economy, given the photos of pretty much everything in some areas.
     
  6. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    Link the authorizing statute and we might have a discussion.

    Seriously I doubt this is a "rainy day fund", I'll bet it is linked to something else. Is the money 'liquid'? I doubt it. It's invested in infrastructure, secured by bonds or lent to other states. I doubt it is liquid.

    So let's see the exact disposition of this asset. I do feel that the reports of this '12 million dollar rainy day fund' is political trope.

    You in it? Link the empowering statutes or get lost!
     
  7. Denizen

    Denizen Well-Known Member

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    Texans are tough. They prefer OPM.

    Other people's money from Uncle Sam's taxpayers.

    [​IMG]
     
    Last edited: Sep 9, 2017
  8. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    What state are you a resident of?
     
  9. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    If a state spent the money it was saving up every time there was a need, there wouldn't be any money saved up.

    I don't think it's fair to expect Texas to have to deplete its entire rainy day fund just because there was a disaster.

    I'm sure Texas has a lot of pension obligations as well.
     
    Last edited: Sep 9, 2017
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  10. rcfoolinca288

    rcfoolinca288 Well-Known Member Past Donor

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    A 12 billion that the governor refuses to use to help out his own people. You are upset with the wrong people, smh.
     
    Last edited: Sep 9, 2017
  11. katzgar

    katzgar Banned

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    Well when the Texas governor calls it a rainy day fund I'll go with that
     
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  12. katzgar

    katzgar Banned

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    You do know that when you have a hurricane you have rain right
     
  13. katzgar

    katzgar Banned

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    You are confused must be from Texas. Won some money goes to DC it's not Texas money anymore.
     
  14. JakeJ

    JakeJ Well-Known Member Past Donor

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    Good idea!

    Teach those Democrats of Houston a lesson about their Democrat mayor, Democrat country government and fellow Democrats across the nation a lesson - a lesson about why they should never, ever vote Democratic Party again! Return Houston and Harris County to the Republicans! At least Republicans care whether you live or die. Some Democrats in other states (and a few on this forum it seems) don't.
     
  15. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    I can call Santana just another guitar picker as well.
     
  16. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    Again, show me, us, the authorizing statute! I've had enough of you **** heads spewing crap for political points.

    Link the statute or go away!
     
  17. JakeJ

    JakeJ Well-Known Member Past Donor

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    Those damn Houston Democrat climate deniers! It is delightful reading on all the hate-on-Houston-Democrats by Democrats on the forum in other states.

    Don't hold back! Tell us just how intensely and why you hate Houston and Harris County Democrats. Is that those Democrats are in a high percentage are poor black Democrat climate science denier that you rant at them essentially "spend your own ****ing money you poor black Houston Democrat climate science deniers!!!!"

    I am curious as to why you claim Houston and Harris County Democrats are "climate science deniers." Or did you just make that up needing to express hatred of those people?

    Racism, bigotry and rabid xenophobia has been the core of the Democratic Party from its origins to the present. That is why before any facts, out comes ranting hatred towards poor and desperate Democrats in a Democrat city and Democrat county - other Democrats to literally hate them - rather than the more reasonable partisan attack accusing the Republican state government for not doing more to help Houstonians because most are Democrat and a high percentage are black. The desire to literally FIND hatred of others different from themselves seems instinctive to many Democrats.
     
  18. Deckel

    Deckel Well-Known Member Past Donor

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    As I also said last week, I don't care about the political fortunes of the democratic party either. And no, republicans don't care whether they live or die. They just like to pretend they care when the cameras are on them. When the cameras are somewhere else this week,the Texas republicans will be trying to eliminate benefits people rely on to survive and refusing to come up with a feasible alternative to Obamacare because they have learned it might cost them a dollar which prevents cutting the taxes of the top 1%
     
  19. rcfoolinca288

    rcfoolinca288 Well-Known Member Past Donor

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    My my, such temper. Tell me, did you even read the article?? Why does taxpayer have to put up the 7.9 bil, when TX have 10 bil for rebuilding their own damn state?? Take your faux outrage elsewhere.

    We won’t need a special session for this,” Abbott told reporters last Friday. A special session is the first step needed to unlock the roughly $10.3 billion in funds sitting in the state’s Economic Stabilization Fund. Abbott said Texas has enough resources to “address the needs between now and the next [legislative] session.”

    Texas also received welcome news from Washington Wednesday, when President Trump struck a deal with the senior Democratic congressional leadership to fast-track a $7.9 billion Harvey aid bill to his desk.

    Still, some officials in Texas worry these sources of aid could be delayed, and end up being too little too late.
     
  20. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    Special session? Statute please.
     
  21. edthecynic

    edthecynic Well-Known Member

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    Not when he can leech off of the "Big Government" he wanted to secede from only last year.
     
  22. JakeJ

    JakeJ Well-Known Member Past Donor

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    Economic Stabilization Fund is such a complicated concept, isn't it? Easier to call it a slush fund.

    Actually, no one has any savings account, checking account, cash, pensions or investment funds. People only have various "slush funds." Given that fact, social programs are just giving money to people with slush funds.

    Easy to see why Democratic California and Democratic cities are massively in debt. The concept of an "economic stabilization fund" is just TOO hard to think of. Then again, the Democratic Party is dependent on the two lowest educated demographics.
     
    Last edited: Sep 9, 2017
  23. JakeJ

    JakeJ Well-Known Member Past Donor

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    The purpose of ObamaCare was to 1.) remove the burdens of indigent healthcare from the rich via property taxes and 2.) to have an excuse to deny medical care to poor people by requiring they first put up the "co-pay." No co-pay, no medical care - while lying and claiming the person has medical insurance.
     
  24. katzgar

    katzgar Banned

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    you arent coherent
     
  25. Labouroflove

    Labouroflove Well-Known Member Past Donor

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    Yeah yeah, I should have written "one could call santana a mere guitar picker as well". My bad, so so sorry.
     

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