Time for another Texas vs. California roundup:
“The real problem With California is math, not politics.”
“The data for the two biggest states, California and Texas, appear to confirm a jobs slowdown in California over the past four months, likely due to a big tax increase passed by the voters in November. Meanwhile, Texas’ job market is accelerating.”
Stockton bankruptcy moves forward. Whether bondholders will be screwed over in preference to outrageous union pensions remains to be seen.
How blatant a money grab is this? “Meanwhile, the city was proposing to slash by 80% the $125 million in principal on pension obligation bonds that it had issued in 2007 to pay an overdue bill to Calpers.” So they intend to renege on a bond to pay CalPERS in order to keep paying CalPERS. That’s some scam they’ve got going on there…
The difference between San Bernadino and Stockton’s bankruptcies.
“The net message is you can’t see a restructuring when the largest creditor isn’t being restructured.”
A site devoted to looking at union pensions in Marin County.
California citizens: So, let’s talk about how AB109 has let violent felons out on the street early. How do you– California Legislature: Gun control gun control gun control!
California legislators of both parties enjoy spring break junkets paid for by special interest groups.
People continue to vote with their feet by moving to Texas.
About Lawrence Person
Lawrence Person is a political commentator and science fiction writer living in Austin, Texas.
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