Perry's Rainy Day Fund? Used Up, Say Some Republicans

About 10 minutes into his speech in New Orleans last week, Gov. Rick Perry geared up for one of the afternoon’s many applause lines.

Taking a moment to praise his state, he told the audience at the Republican Leadership Conference that the Legislature had just balanced the budget — without raising taxes and while maintaining essential government services. “I might add that new budget leaves $6 billion in a Rainy Day Fund,” he said, to the delight of the crowd.

Perry hit the same refrain the week before in a speech in New York City.

The country’s longest-serving governor ...

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