Found an interesting article on Drudge this afternoon. It was buried among many other links and written by David Mildenberg in Bloomberg on-line.
The subject's Texas and how the state has not only far exceeded its projected budget income, but now has a significant funds surplus even after paying huge amounts for health care and schools.
I’ve included a couple of paragraphs that contain the gist of the subject, as follows “Legislators in Texas, the biggest energy producer among U.S. states, will begin deliberating its next two-year budget with a surplus forecast today to match an $8.8 billion record set in 2007.
The Texas economy has topped budget projections over the past 15 months, as booming energy output fueled job growth and an 11 percent fiscal first-quarter gain in sales-tax receipts, the biggest source of general-fund revenue. Even after paying off $7 billion in health and school bills, Comptroller Susan Combs said today that the state will be flush heading into 2014.”
What I found most interesting is that not only has the state’s energy businesses far exceeded expectation, but Governor Rick Perry’s refusal to raise taxes in any way have helped to produce an increase in sales-tax receipts almost as large as the gains in energy and job growth.
So, what this example says to me is that once again we see documented proof that the route to success economy-wise is taking Democrat business and environmental ideology and turning it upside down. Because Texas policy not only refutes their ill-conceived logic, it also pays for all the Dem's desired goals and then, still throws off a financial surplus.
The article itself contains a lot of interesting information and data so I’ve included a link for your use. Texas cut taxes, spending, ends up with $8 billion surplus
In closing, I’ve got to reiterate my continuing frustration regarding Democrat’s inability to grasp the fundamentals of economics. Because although in business I appreciated competing with them whereas they’re so easy to outperform due to their lack of knowledge. However killing the overall economy is something else entirely.
So, I hope that perhaps they’ll wake up like Bill Clinton did before them, and accept the fact that they’re economically hopeless and let a Republican along the lines of Alan Greenspan assume control of the economy, giving us all a chance at financial survival and maybe even making a profit.
That’s it for today folks.
Adios
No comments:
Post a Comment