The working poor benefit from a lower cost of living in red states.
Five of the top ten U.S. cities in economic growth in 2014 were in Texas: Austin, Houston, Ft. Worth. Dallas and San Antonio. (There were also two in California: San Francisco and San Jose.)
The Texas Comptroller has released the Biennial Revenue Estimate 2016-2017, which estimates $113 billion in general revenue-related funds available. The report details also notes that “In the past six years, Texas created two-thirds of all net new jobs in the U.S.”
By contrast, with the California budget more or less temporarily balanced, Democrats want to start spending like drunken sailors with a stolen credit card again. Legislative analyst: You don’t want to do that.
The average CalPERS pension is up to five times comparable Social Security payouts.
Jerry Brown says he wants to tackle California’s pension crisis. Good luck with that. While Brown has occasionally been willing to buck his party, and may feel he has nothing to lose in his last term, there’s no reason to believe the Democrat-dominated state House and Senate share his sentiments. I predict a few cosmetic measures passing combined with a whole lot more can kicking until actual default looms. (Hat tip: Pension Tsunami.)
“Central Valley farmers say farming is doomed in their areas.” California’s water regulations are driving them out of business.
Stockton’s bankruptcy judge: screw secured debtors, we’ve got to start paying retirees.
Key figure in CalPERS pension fraud case apparently committed suicide. Hmmm…..
California’s Set Seal retail chain files for bankruptcy.
John G. Westine of California convicted of 26 counts of mail fraud in a phony Kentucky oil well scheme.
Bankruptcy lawyers gone wild!
Tags: bankruptcy, California, CalPERs, Crime, farming, John G. Westine, pension crisis, Stockton, Texas, unions, Welfare State
This entry was posted on Wednesday, January 21st, 2015 at 8:56 AM and is filed under Budget, Crime, Democrats, Texas, unions, Welfare State. You can follow any responses to this entry through the RSS 2.0 feed.
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