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Debt Debate Could Have Impacted OK Economic Growth

Filed by Michael Cross in Feature, Local News, News, Politics.
August 3, 2011

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The State Treasurer says Oklahoma is continuing to see moderate economic growth, but July wasn’t as strong as the past few months.

Treasurer Ken Miller says the partisan bickering over the debt ceiling might have negatively impacted the Oklahoma tax collections in the month of July.

Miller says much of the state’s economy is based on confidence.

“When you hear nothing but negative news and partisan bickering and childish behavior coming out of Washington that doesn’t really give you any confidence in the direction of our country.”

He says lawmakers shouldn’t be congratulating themselves because the bill might be a step in the right direction, but does little to address the federal spending problem.

July revenue collections were up nearly 7% over last year, but that compares with a more than 15% jump in June.

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