Another quick update on the respective fates of our nation’s two biggest states:
In case you didn’t notice, California Democrats now have a super-majority in the legislature, which means they can raise taxes to their heart’s content. That should only heighten the difference between California’s Blue State model and Texas’ Red State model.
California spends far more money on its welfare state that Texas, but has greater income inequality.
The election California voters helped accelerate the state’s economic decline.
America is becoming California…and California is becoming Greece.
The California city of Atwater backs away from bankruptcy after winning concessions from unions.
Texas added 36,600 total nonfarm jobs in October, dropping unemployment down to 6.6%.
Tags: Atwater, Blue State, Budget, California, Red State, Taxes, Texas
This entry was posted on Monday, November 19th, 2012 at 10:02 PM and is filed under Budget, Texas, unions. You can follow any responses to this entry through the RSS 2.0 feed.
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