It’s come to this: The Texas budget outlook has become so bleak that we’re comparing rather favorably to the one state where balanced budgeting goes to die.
People, our budget deficit is now as bad as California’s.
Yes, the over-spending, over-regulated capital of hippiedom now has a state fiscal outlook on par with the Lone Star State.
That fact may not sit well with some people—especially in the governor’s office, which loves to bash California and never misses an opportunity to point out how Texas’ low-tax, business-friendly model has led to a more robust economy and sound state finances. When California faced a $60 billion deficit last year—a shortfall that was bigger than the entire budget of most states—you could almost hear the chortling from the Texas governor’s office. It seemed a handy example of what happens when you put big-spending liberals in charge.
It wasn’t that simple, though. The causes of California’s problems—and Texas’ lack thereof—were varied and complex. And now the states’ budget deficits are looking very similar.
Texas: $18 billion shortfall (estimated) or about 20 percent of state spending.
California: $19.1 billion shortfall (official estimate) or about 20 percent of state spending.
The numbers match up pretty neatly.-Texas Budget Mess Now as Bad as California's
Wednesday, July 21, 2010
They Messed With Texas
Posted by Nick
This proves government is a menace and can't control it's spending no matter who's in charge. It's not just those California "liberals" who like to feed at the taxpayer trough.
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I think Texas should be split into two different states. California should be three.ReplyDelete