Texas balanced budget with stimulus money from Washington

The bailout of State finances, despite the suggestion that "they're on their own" from Federal sources, will be either direct (stimulus money or programs) or indirect (mortgage bond purchases). Here's an example of direct.

Headline: Texas balanced budget with stimulus money from Washington

Texas Gov. Rick Perry likes to tell Washington to stop meddling in state affairs. He vocally opposed the Obama administration's 2009 stimulus program to spur the economy and assist cash-strapped states.

Perry also likes to trumpet that his state balanced its budget in 2009, while keeping billions in its rainy day fund.

But he couldn't have done that without a lot of help from ... guess where? Washington.

Source: finance.yahoo.com