While California considers issuing IOU’s to the suckers who it owes money and faces crippling unemployment and loss of middle class taxpayers, it’s important to remember not all states are basket cases. Half of all new jobs created in the USA in the last decade were created in a single state, Texas. Texas is also running a balanced budget with $9 Billion in the bank. Governor Rick Perry explains the Texas way.
“You keep your taxes low, keep your regulatory climate fair and predictable, a legal system that doesn’t allow for oversuing, and keep a skilled workforce in place. Then get out of the way and let the private sector do what the private sector does best and create jobs and wealth.”
Or, you can do things the Obama/Schwarzeneggar way: Raise taxes high, regulate the hell out of everything in sight, bend over for the plaintiff’s bar, siphon off billions in taxes for unions and other special interest groups, drive skilled workers to lower tax states, and otherwise meddle in the economy in every conceivable way.
Yes, Arnie and Bam-Bam, the secret to economic prosperity is not raising taxes so you can lavish benefits on illegals and unionized public employees.