Result? Gov. Helmethair will have to borrow more than $600 million from the U.S. Department of Labor.
And, he claims, “no big deal.”
Perry told reporters today that the borrowing is routine. The state borrowed from the federal government in 2003 during the last economic downturn, he said.
Perry said accepting the $556 million (in stimulus money) would have required looser eligibility rules, burdening employers for many years to come.
Hey, how’s that Texas economic miracle, you idiot?
And, this does not include any addition to the worry factor for people affected. So what if payments will be backdated when the federal loan money arrives? What if people need money now?
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