Governors Mark Sanford (R-South Carolina) and Rick Perry (R-Texas) have both made announcements today that may prove politically unpopular for them, but which they feel are the best course of action for their respective states.
Governor Perry is refusing some of the stimulus money designated for Texas because it would require the state to change how it defines unemployment. His concern is that this will create an increased burden on business. Per his office...
Strings attached to the unemployment insurance stimulus dollars would require an unprecedented change in Texas’ definition of unemployment, increasing the tax burden borne by Texas employers. This increased burden would counteract the stimulus package’s objective of job creation by leading companies to limit hiring and raise prices on products, hindering their ability to overcome the economic crisis and ultimately limiting growth. Full Article...
Governor Sanford has made a formal request to the President, asking that he be offered some flexibility with 25% of the money designated for South Carolina. Instead of being "forced" to use it as proscribed by Congress, he would like to pay down the states debt (i.e. strengthen their balance sheet). He feels that would be the best use of the money for this particular State. On the left side of this link is the 3 page letter to the President. I encourage you to read it.
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