Texas vs. California: January 22, 2013
Another quick roundup of Texas’ economic strength, and California’s blue state decline:
California isn’t just running out of money, it’s running out of children.
Thanks to more honest accounting rules, six more California counties are now officially bankrupt.
Despite which, pension funds are still in denial.
If Jerry Brown is skeptical about making government bigger he has a funny way of showing it.
Namely, he continues to kick the can down the road.
And he’s still handing out outsized benefits to public employee unions.
Texas is adding jobs across all income groups, and has more jobs than when The Great recession began. California hasn’t broken even.
The Texas economy is outpacing other U.S. states because “it has the financial strength of Germany and the cost competitiveness of China.”
Tags: Budget, California, Jerry Brown, pension crisis, Texas, unions, Welfare State