Barbour, McCoy Trade Barbs over Budget

By: The Associated Press
By: The Associated Press

Republican Gov. Haley Barbour and Democratic House Speaker Billy McCoy exchanged sharp words about the Mississippi budget.

Barbour said in a written statement Wednesday that the House is trying to take too much money from the state's rainy day fund and that could cause problems in the next few years.

McCoy said in his own statement that the state has had "a flood of bad financial weather," but he expects the economy to recover.

McCoy said if there are deep budget cuts, as Barbour predicts, the governor and the Senate will be responsible because the House has tried to minimize a loss in services by voting to make the governor spend $50 million from the $231 million rainy day fund.

Barbour wants to take a more prudent approach on guarding the rainy day fund because economic hard times may continue through that time.

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  • by Anonymous on Jan 21, 2010 at 12:26 PM
    My problem with the whole thing is this, what if the Governor is right and we use the extra money from the rainy day fund anyway? That means the cuts for the next two years will be even deeper and more devastating to the state. Bad times are not easy but tough decisions made prudently can sometimes ease how severe the pain is.
  • by C Location: Meridian on Jan 21, 2010 at 07:53 AM
    I believe that Haley Barbour is right,let's be realistic, things do not look good for the future with the government acting like it is----I'd like to hear Billy McCoy's line of thought as to why he thinks that things are going to improve sooner than later--I'm not a McCoy fan
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