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UPDATE: Barbour vetoes $79M Miss. budget restoration bill
by Bobby Harrison/NEMS Daily Journal
2 years ago | 941 views | 5 5 comments | 5 5 recommendations | email to a friend | print
JACKSON - Gov. Haley Barbour on Wednesday vetoed a proposal that would take $79 million from reserve funds to restore a portion of the

$459.5 million he has cut from the state budget this year.

The veto is not a surprise. Barbour said last week after the Senate passed the proposal he would veto it.

He said the bill spends too much of the state's $500 million in cash reserves and "would virtually guarantee higher taxes within a few years."

The veto will be considered first in the Senate and could be taken up as early as Thursday.

It takes a two-thirds majority to override a gubernatorial veto.

Read more in Thursday's NEMS Daily Journal newspaper.

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WTFDude
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February 25, 2010
NEMSDOC: While I agree with your principle that the state and country shouldn't spend money that they don't have, the state is not bankrupt, yet. An entity is typically not bankrupt when they have $500M in the bank so long as their outstanding debt doesn't exceed what they have in funds. The state has $500M in a "rainy day fund", and if we're not in the middle of a "rainy day", I don't know what the definition of "rainy day" is to this governor.

lifeandliberty: Actually the data shows that lower taxes create jobs, not higher taxes.

But I do agree with you that Barbour is not standing on principles, because he doesn't have any of those, it's all about power with him.

He's a bully and legislators are afraid to stand up to him because of Haley PAC as was reported by the AP earlier in the week.
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lifeandliberty
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February 24, 2010
Paying more in taxes means we HAVE JOBS. I would take higher taxes with a job over lower taxes with no job any day. The only reason Barbour vetoed this legislation is because he had no power to direct the money. This move by Barbour is about a power struggle.
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maroondog
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February 24, 2010
Let's see, would we rather pay higher taxes or be unemployed? hmmmm?
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NEMSDOC
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February 24, 2010
Actually, I applaud the governor. Everybody else has to cut something in our budgets in this economic downtime. Why not the state? At least the governor walks the walk when he talks the talk about being fiscally conservative with our money. You cannot continue to spend money you do not have. If you do, you go BANKRUPT which is exactly what this state and country is right now!
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WTFDude
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February 24, 2010
Unfortunately MS legislators don't have the backbone to stand up to our bully governor.
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