Texas vs. California: Summer of Bankruptcy Edition
Time for another look at how Texas’ Red State model stacks up against California’s Blue State model, with a roundup of relevant news from the past few weeks.
Here’s a roundup of California’s dysfunction. Lots of tasty tidbits, including this gem: “California has both the highest state deficit in the country and the highest personal income tax.”
The Summer California Went Bankrupt.
California was counting their Facebook chickens before they hatched.
How California’s green energy delusions are impoverishing the entire state.
How California drove XCOR to Texas.
George Will on California’s high speed rail insanity. “At one point, an estimate of 44 million riders a year—subsequently revised downward, substantially—assumed gasoline costing $40 a gallon.”
California can’t even keep run it’s own prisons.
Texas tax revenues are up 10%.
Texas is going through a craft brewing boom.
While commuter rail isn’t cost effective in California, the Long Beach-to-Los Anegles Blue Line is good for one thing: killing people. (Hat Tip: Dwight.)
And while California schools are in crises to pay their bloated pensions, Beaumont’s school district actually instituted a tax cut and gave teacher’s a pay raise.
Tags: Blue State, California, economy, Red State, Texas, Welfare State