Before you get conned into thinking Texas has all the answers...

Gov. Rick Perry, who sounds like he's ready to run for president, signed a state budget that was filled with all kinds of accounting trickery and deferrals that folks in California have become quite familiar with. Except that California lawmakers aren't using their deviousness to run for higher office. From AP:

Perry signed a budget that was balanced only through accounting maneuvers, rewriting school funding laws, ignoring a growing population and delaying payments on bills coming due in 2013. It accomplishes, however, what the Republican majority wanted most: It did not raise taxes, took little from the Rainy Day Fund and shifted any future deficits onto the next Legislature. Those are key talking points for Perry, as he speaks to the conservative faithful around the country and considers a run for president in 2012. Many Republican lawmakers have complained privately, and Democrats publicly, that Perry has heavily influenced the session to make sure nothing passed that would hurt a potential campaign.

Texas tea party activists pressured Republicans to deal with a $27 billion deficit through cuts alone. That includes $7.8 billion to health and human services. "I am proud Texas will continue to live within its means while encouraging job creation and maintaining essential services," said Perry. Essential services? Like keeping the lights on?


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Politics stories:
Obama meets with victims of LAX shooting*
Maria Elena Durazo profile names a key name *
President Obama's arrival timed to rush hour (again)
Obama will visit DreamWorks Animation, Magic's home
Some USC students wish they were invited to Bush speech

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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