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Sanford plans not to use stimulus fund to stimulate South Carolina economy.

By Faiz Shakir on March 10, 2009 at 7:40 pm

"Sanford plans not to use stimulus fund to stimulate South Carolina economy."

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sanford.gifABC News’ Teddy Davis reports that South Carolina Gov. Mark Sanford (R), who is considering a run for president in 2012, “will be sending President Obama a letter in the next few days asking for permission to apply a quarter of South Carolina’s stimulus money, approximately $700 million, to paying down state debt rather than using the money to fund government programs.” If Obama rejects Sanford’s request, the governor will not seek the $700 million in stimulus funds which are under his discretion, possibly causing the state legislature to override his efforts. Sanford’s move follows the attempt by Gov. Bobby Jindal (R-LA), another 2012 contender, to reject $90 million in stimulus funding that would have benefited 25,000 unemployed Louisiana residents.

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