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.
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