The Hated Fed Guvmint Bailed Out Otherwise-Bankrupt Texas

[TeyshaBlue]

I'll take both of your words for it. I gotta get some work done

Why start now?

[ElNono]

Why start now?

Done

[boutons_deux]

So did red-state, broke-ass TX suck in $Bs of Fed $$$ or not?

What about Fed $ for the hurricane Ike disaster?

Repugs HATE Fed govt, and tell everybody else to HATE GOVT-IS-THE-PROBLEM, except when the Repugs/1%/VRWC are sucking down $100Bs of Fed (taxpayer) $$$.

[TeyshaBlue]

lol simpleton.

[Capt Bringdown]

The windfall profits tax had alot to do with destabilization of oil prices.

President Carter in 1979 issued an executive order that removed price controls from petroleum products which benefited the oil industry. The boom Texas experienced in the late 1970's was due to OPEC enforcing above market prices for oil by limiting production. These two factors motivated the industry to explore for non-OPEC sources of oil. In response to the growth in non-OPEC oil production, Saudi Arabia sharply increased the production of oil in 1985 to maintain market share. This caused the 1986 collapse in crude oil prices. Domestic oil production stayed fairly constant from 1980-85.

[ChumpDumper]

Better just to stick with the stimulus money Texas used to balance the budget.

[coyotes_geek]

That would have made sense, but instead boutons wanted to parrot some krugman nonsense.

Regardless, Texas, along with all the other 49 states, is indeed in love with federal cash despite what Guv'ner Goodhair and his angry white guy minions would have you believe.