Texas vs. California Update for May 21, 2015
Time for another Texas vs. California update:
“March marked a phenomenal run of 99 consecutive months when Texas’ unemployment rate was at or below the national average.” Also: “Texas employs an impressive two and a half times more people since December 2007 than the rest of the nation combined.”
The Texas state legislature is on the verge of passing an actual conservative budget.
Will Franklin looks at local bond debt in Texas. It’s creeping up, partially due to big government advocates scheduling off-year bond elections when fewer people are voting. Even so, voters seem willing to reject big-ticket bond items.
San Bernardino’s bankruptcy plan: CalPERS gets theirs, bondholders get screwed.
And San Bernardino is planning to outsource their firefighting operations, not least of which because the fire department sucks up $7 million worth of overtime a year. And the fact their union stopped participating in bankruptcy talks didn’t help… (Hat tip: Pension Tsunami.)
How a few wealthy California environmentalists give the illusion of a mass movement.
How retroactive pension increases destroyed California budgets. (Hat tip: Pension Tsunami.)
California is a victim of repeated short-sighted thinking.
Los Angeles joins the minimum wage hike bandwagon. Expect another wave of small business closure stories over the next few months…
Why public employee unions are the elephant in the room for California’s debt crisis. (Hat tip: Pension Tsunami.)
California’s majority Democrats shelve legislative transparency bill written by Republican. This is my shocked face.
Compton teachers get laid off, Do-Da, Do-Da…
“In another corporate exodus from Torrance, California, to North Texas, Kubota Tractor Corp. and Kubota Credit Corp. announced Thursday that they will move their headquarters to Grapevine from the Los Angeles area.”
“The number of young adults admitted to California hospital emergency rooms with heroin poisoning increased sixfold over the past decade.” (Hat tip: Cal WatchDog.)
The Weinstein Company hit with $130 million lawsuit. File under: Hollywood Accounting.
Tags: bankruptcy, California, CalPERs, Crime, Democrats, environmentalism, Grapevine, Regulation, San Bernardino, Texas, Texas 84th Legislative Session, Texas Public Policy Foundation, unions, Welfare State, WILLisms