Tuesday, February 19, 2013

California vs. Texas: What do the differences mean?

I'm going to put together all of the articles that have the title "California vs Texas" or whatever is close. That is, whatever google finds.  I think most of them will end up just being a tax comparison.  But bear with me. There might some hidden gems that go deeper.
And so when it comes to matters of fiscal policy, it seems that Texas and California are on two radically different paths with the former having clearly embraced the free market mantra of low taxes, spending, and debt while the latter continues to tax-and-spend at an accelerated rate. At this point, one can only speculate on the endgame, but if history is our guide, then California faces a difficult road ahead as it tries to maintain its ever-growing style of government.

People sometimes forget that policies, like elections, have consequences. It is an important point to remember because the way a state’s policies tend to skew will have a big impact on the quality of life and future prospects.
I am worried about the debt of some of the cities here in TX, especially here in Houston.  A lot of others are, too.

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