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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (115228)	6/13/2012 12:14:07 AM
From: tejek	Read Replies (3) \| Respond to of 149317

And here's something else. We have a real life example on how good public finances contribute to employment growth versus how Keynesianism and endless deficits destroy employment growth. Just look at the chart below and compare California, which has run consistent deficits, and Texas, which typically runs a surplus. The proof that fiscal profligacy is deleterious to economic health is not only common sense, but documented for all who have eyes to see. First of all, your chart didn't post. Secondly, TX does not regularly post a surplus. It did for a few years during the aught years because of the oil boom but now its running one of the worst deficits in the country. As for CA, its a far more prosperous and weatlhy state as compared to TX. Where TX has it beat is in job creation.........and that's because LA and the OC are messing up badly. N. CA is still doing okay......San Diego okay but LA has gone into a bad slump in part because of its brand of corruption. Now if you were to compare CA to TX during the 1980s, TX was falling apart while CA was boombing.. And in the long run, a blue state's economics will win out over a red state's for a whole bunch of reasons that have more to do with education than economics.