The Bureau of Economic Analysis breaks it down as shown below: Percentage-point effect on economic growth Consumer spending +1.52 Business investment +0.83 Home construction +0.36 Company stockpiling -1.27 Government spending -1.33 Change in trade deficit -0.25 Effects of the reductions in government spending and company stockpiling total -2.60%, while consumer spending was up over 1.5%. …
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For my family, requests for Christmas and birthday gifts have become requests for practical items such as food products, or necessary clothing or educational materials. There is little spending for extra fun items or even home improvements. I think that many families are facing the same thing. There just is not money to spend. So the consequence is that…
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The idea is great, however it needs to be implemented in a way that doesn't cause state agencies to recklessly burn through money rather than have some remaining.
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Nice gesture, but I don't think it will ever happen. Solid fiscal and tax policies are better than sound bites and headlines. A better policy would be to reduce taxes/user fees prospectively as adjustments are warranted (based on past budget surpluses).
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This is a great idea! It is their money in the first place.
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Governor Perry's State of the State speech was not unusual in subjects or tones. He touts the successes Texas has with bringing businesses to the state and our state is consistently at the top of the list when it comes to standard of living and opportunities here. The Rainy Day Fund is something that Gov…
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I think that this is extremely bold, but if the people are being over taxed then it is also and honest step forward allowing the people more income to spend on the things they want rather than letting the State spending revenue on things that are not needed
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As a Texan and Rick Perry supporter, I think it would be great to pass such an amendment to the Constitution of Texas. It will be interesting how he would go about determining the "refund" for each person/family. So far, though, I'm all for it!!!!
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What a concept! Returning the people's money to them. It is well known that if "extra" money remains in the government coffers, a way will be found to spend it. I favor smaller government, and support the Governor's proposal. I would hope, however, that the Governor has an ample rainy day fund for those unexpected items. …
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I think that's a great idea. Makes perfect sense to give back to the people what is the theirs in the first place.
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