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Red Blooded American
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Governor Perry is considering giving money (surplus taxation) back to his taxpayers. I wonder how Texas can do this while America is falling apart at the seams? Oh, that's right! They elected a Republican leader and, as such, got conservative concepts instituted at the government level unlike America. Yeah, Perry's a republican which means conservative which means don't spend what you don't have which means balanced budget which means fiscal responsibility. Something no liberal could possibly comprehend. Their tiny brains would simply explode!

http://ca.news.yahoo.com/texas-governor-excess-tax-money-back-people-224841439.html
 

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Living in a cage of fear
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Governor Perry is considering giving money (surplus taxation) back to his taxpayers. I wonder how Texas can do this while America is falling apart at the seams? Oh, that's right! They elected a Republican leader and, as such, got conservative concepts instituted at the government level unlike America. Yeah, Perry's a republican which means conservative which means don't spend what you don't have which means balanced budget which means fiscal responsibility. Something no liberal could possibly comprehend. Their tiny brains would simply explode!

Yahoo! News Canada - Latest News & Headlines
Alaskas' Rep. Gov. Jay Hammond (RIP) created the APF in 1980 to do the same thing.

Lets see, they have about a $40 billion nest egg right now strictly from a % of the oil royalty savings and earnings on the interest.

Every year residents get a dividend check, calculated strictly on a percentage of the interest earned.

Wait, whats that you say? "Alaska is an oil rich State!"

Yes, but consider that the Fed. Gov. has been taking nearly TWICE the taxation that the State takes on that same oil....where is THAT money???

Oh, did I mention...The feds collect that from EVERY STATE that has oil and Gas resources....which is nearly every State.

Lets see....thats about $86 million A DAY according to this article I found real fast like.

How much do U.S. oil companies pay in royalties to government? | Energy Answered
 

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Marine Organism
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Yea, if he was a DemocRAT, the tax payers would never see it. It would be squandered on something useless you can bet!
 

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Since this is kinda related (receiving back money instead of finding other places to spend it)...

FC, have you researched anything about the Deep Water Horizon Settlement since you, like me, are in Zone D? BP (a business and not a government) is actually paying for it's f&*kups. Long story short, if you had a decrease of 15% any 3 or more consecutive months between May and December 2010 compared to 2007, 8, or 9, and had at least a 10% rebound in 2011, they are assuming responsibility for the economic loss.
 

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Red Blooded American
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Discussion Starter #6
Since this is kinda related (receiving back money instead of finding other places to spend it)...

FC, have you researched anything about the Deep Water Horizon Settlement since you, like me, are in Zone D? BP (a business and not a government) is actually paying for it's f&*kups. Long story short, if you had a decrease of 15% any 3 or more consecutive months between May and December 2010 compared to 2007, 8, or 9, and had at least a 10% rebound in 2011, they are assuming responsibility for the economic loss.
Posting such information on a public forum will send the liberals of the world in a tail spin - working on how to keep those funds away from the intended recipients to use them to create more government agencies. :))ThumbsDwn:))ThumbsDwn
 

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Posting such information on a public forum will send the liberals of the world in a tail spin - working on how to keep those funds away from the intended recipients to use them to create more government agencies. :))ThumbsDwn:))ThumbsDwn
I will be steering those funds right back into the private sector with new equipment purchases and bumping up the date of groundbreaking on my new home :))THumbsUp. And the government will even be getting some sales taxes out of it. And, of course, income tax too since settlements are reported as income. You know, the way things are supposed to work....:wink2:
 

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Colts fan & Stoker owner
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Good job Texas.


Governor Perry is considering giving money (surplus taxation) back to his taxpayers. I wonder how Texas can do this while America is falling apart at the seams? Oh, that's right! They elected a Republican leader and, as such, got conservative concepts instituted at the government level unlike America. Yeah, Perry's a republican which means conservative which means don't spend what you don't have which means balanced budget which means fiscal responsibility. Something no liberal could possibly comprehend. Their tiny brains would simply explode!

Yahoo! News Canada - Latest News & Headlines
 

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I will be steering those funds right back into the private sector with new equipment purchases and bumping up the date of groundbreaking on my new home :))THumbsUp. :
Boss, you're a spillionaire! :D
 

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super duper

i would think that this is how it should be .. if the state makes more , than it needs to break even , than it should give back or help the folks that live in that state.. .. or maybe i am totally wrong with a little comon sence. ? more like we should just take it all from the folks that make it and give it away to the folks that dont..... hell i dont know for i am just a cave man.
 

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what i do know...

is the lake that my boat is close to is filling up almost 35 feet in 35 days so i am happy maybe going up there next weekend
 

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Living in a cage of fear
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i would think that this is how it should be .. if the state makes more , than it needs to break even , than it should give back or help the folks that live in that state.. .. or maybe i am totally wrong with a little comon sence. ? more like we should just take it all from the folks that make it and give it away to the folks that dont..... hell i dont know for i am just a cave man.
Breaking even is not the goal. That is a concept that politicians simply do not abide by.
If there is a surplus....never mind, surpluses DO NOT exist in real world politics, that just means they did not throw enough away.

Gov. Jay Hammond (AK) was possibly the last honest, genuine person in politics.
He created the APF (Alaska Permanent Fund) as an INVESTMENT account, not a surplus give away.
Knowing the ways of politics, he also AMENDED the AK State Constitution to forbid future politicians from raiding it.
He is dead now, but his dream lives.
Every year they try and try to get that money for budget reasons, and every year they can't find a way around his laws.

The dispersed amount is NOT from the oil and gas revenues...it is from the INTEREST paid on the APF account.

Part of the oil and gas revenues annually are put into the APF, by law.
The account earns interest.
Part of the interest, BY LAW, is reinvested, the rest is dispersed.
So...with this model, oil and gas revenues could END tomorrow in AK and the fund would live on through self perpetuation.

The Feds. take more of the AK oil and gas revenue in real dollars than the State gets, yet the State has managed to build a surplus in the neighborhood of $35-$40 billion.

The sad part is that Sara Palin has a squeaky voice, and doesn't speak like a DC politician.
She knows how "Uncle Jay" ran the State and it's budget/ income and is from the same camp, more or less.

Is it any wonder that DC politicians ran her back to AK??
 

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if i have made a mistake again ?/

it just seems like if the states make more cash then they pull in than why not give back. to the people. .. not to say they are entitled ,but just becauase they make more than is needed.. .. sounds fair to me.. i live in california so this could never work .. just saying in the states that have extra it seems plausable ... right ?
 

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Living in a cage of fear
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it just seems like if the states make more cash then they pull in than why not give back. to the people. .. not to say they are entitled ,but just becauase they make more than is needed.. .. sounds fair to me.. i live in california so this could never work .. just saying in the states that have extra it seems plausable ... right ?
Well, in a way it's the old "give a man a fish" analogy.

IF the surplus can be protected from the politicians and all their pork, it is BETTER to invest that surplus and build it.

THEN distribute the earnings via dividend OR social programs for the needy.
That way it perpetuates itself, and never just hits "Zero" as a balance.

The problem with CA, as compared to the AK program, is determining just WHO those actual people are...have you seen the latest number of how much expense CA gives to illegals??
 

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They also have this little budgeting scheme called baseline budgeting. They factor in an automatic increase from year to year automatically. They increase each departments budget a few percentage points over what they spent the previous year, so the goal is to never have a surplus at years end. All the entities receiving government funding will burn their surplus each year on garbage before they would get caught with it, and jeopardize incurring future budget cut's.
 

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Living in a cage of fear
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They also have this little budgeting scheme called baseline budgeting. They factor in an automatic increase from year to year automatically. They increase each departments budget a few percentage points over what they spent the previous year, so the goal is to never have a surplus at years end. All the entities receiving government funding will burn their surplus each year on garbage before they would get caught with it, and jeopardize incurring future budget cut's.
Yep, "use it or lose it"...The "anthem" in every Gov. entity..
 

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Red Blooded American
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Discussion Starter #18
It's not only Texas and Alaska, it's happening in other states with conservative republican governors as well.

AZ budget.jpg
 

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Premium Member
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i would think that this is how it should be .. if the state makes more , than it needs to break even , than it should give back or help the folks that live in that state.. .. n.
it just seems like if the states make more cash then they pull in than why not give back. to the people. .. ?
The problem is that if you invent a new program to spend that $, the program becomes perpetual, it costs more every year, you can never get rid of it.
In our concept of limited govt., govt. should not take in more than it needs. Extra revenue should not be used as an excuse for more govt.
When you say 'return it to the people' you have to ask yourself whether the $ should be returned to the taxpayers who overpaid, or given away in handouts to people who don't pay. If you've already passed a state budget that sufficiently helps the needy, there is no justification to spend more.
 

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Already miss the 310/562
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It's not only Texas and Alaska, it's happening in other states with conservative republican governors as well.

View attachment 211978
Same for Ohio, even though Obama tried to spin the recent turn around saying it was due to the increase of AUTO INDUSTRY JOBS... hil:)


To quote the great Fred Sanford:

"We dont need more money in this house, what we need is fewer extravagances" :))THumbsUp
 
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