Below article is just one more reason why economy flourishes in Texas but is strangled in California but first some very related posts: Texas has created 80% of american jobs in 2008, rejects stimulus spending money and calls for National Tea Party says Palin approved Governor Perry...
More Americans moving from Democrat states to Republican states. Texas may pick up 4 new House seats while many Democrat states will loose one.
Texas vs California when it comes to job creation and economy
Video: Texas Governor Rick Perry says "This administration...is interested in punishing Texas" and "Time to make Tea Parties twice as big as what they were"
"Green" California leads the nation in job losses...and Czech president says unlike Gore he is able to listen to competing theories...
Newly released stats by Bureau of Labor Statistics show that Job Creation not Job losses are driving unemployment revealing why the stimulus package is not working as the Obama administration claimed it would.
Texas vs California and New York
Pro-life, Palin approved, economically successful, anti-Big Government and Pro-TEA Party Governor Rick Perry of Texas for president in 2012?
San Francisco is the worst ran big city of the year according to the San Francisco Weekly. "Despite its spending more money per capita on homelessness than any comparable city, its homeless problem is worse than any comparable city's."
PUBLIC EMPLOYEE UNIONS ARE SINKING CALIFORNIA-(NCPA)
California is in a precarious position, with a 12.3 percent unemployment rate (more than two points higher than the national average) and a budget $20 billion in the red (only months after the last budget fix closed a large deficit). Productive Californians are leaving for states with less-punishing regulatory and tax regimes.
Yet so far there isn't a broad consensus to do much about those who have prodded the state into its current position: public employee unions that drive costs up and fight to block spending cuts, says Steven Greenhut, Director of the Pacific Research Institute's journalism center.
Consider:
- Approximately 85 percent of the state's 235,000 employees (not including higher education employees) are unionized.
- As the governor noted during his $83 billion budget roll-out, over the past decade pension costs for public employees increased 2,000 percent; state revenues increased only 24 percent over the same period.
- An advisor for Gov. Schwarzenegger wrote in the San Jose Mercury News last week that, "This year alone, $3 billion was diverted to pension costs from other programs."
- There are now more than 15,000 government retirees statewide who receive pensions that exceed $100,000 a year, according to the California Foundation for Fiscal Responsibility.
A 2008 state commission pegged California's unfunded pension liability at $63.5 billion, which will be amortized over several decades. That liability, released before the precipitous drop in stock-market and real-estate values, certainly will soar, says Greenhut.
Source: Steven Greenhut, "Public Employee Unions Are Sinking California," Wall Street Journal, January 23, 2010.
For text:
http://online.wsj.com/article/SB10001424052748703699204575017182296077118.html
For more on Unions:
http://www.ncpa.org/sub/dpd/index.php?Article_Category=43
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