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California's GDP dwarfs Texas GDP by a very wide margin yet Texas has the exact same deficit. That means California is fiscally in much better shape as it's deficit as a percentage of GDP is much better then Texas's. Even worse Texas has the worst air pollution in the country, the highest teen pregnancy rate in the country, the highest percentage of uninsured children, the highest percent of children living in poverty, one of the lowest college education rates.... Texas is pretty much one of the worst states in the country.
As for people "fleeing" California, yes lots of people want to live in California so the cost of property gets bid up. People who can't afford it move to some where they can afford (usually a less desirable place like Texas; the market has spoken and Texas sucks according to the market) even while ever larger numbers of rich people move to California because they actually can afford to live in such a popular and in demand place. Some of you, who are no doubt products of Texas's failed public schools, don't seem to understand supply and demand as it perfectly explains why property costs so much in California but is next to worthless in most of Texas.
Ehhh...perhaps, but in my many forays into the DFW area, i don't see it. What i see is sprawl, strip malls, shopping malls, cookie cutter houses, chain restaurants, and bad traffic...though it's not NEARLY as bad as Atlanta. Not to mention that DFW is the home of the 30k a year "millionaire." I've never seen so many people faking it anywhere else i've ever been...including California. There is a reason why so many Texans hate people from Dallas.
Gotta admit though..the food out there is pretty good. Not Louisiana good, but good enough.
This is why I like Houston so much better. It's DFW with charm and is much more cosmpolitan. This sounds absolutely ludicrous to anyone that's never been here (and quite a few that live here) but it's the truth.
Absolutely not look at unemployment;jobs recreated since the recession;cost of living;foreclosure rates;state of budget. Burden on its citizens is much greater in california and yet they still canoy balance the budget.I fact this year they could not get the short term financing needed to see them thru the fiscial year which resulted in IOU's and short work weeks.Bascailly no one wants the budget problem of California esepcailly the future liabilties and funding of those which is why they couldn;t get the financing this year.
Yes, a part of the country where there wasn't a housing bubble has bounced back from the housing bubble faster. That much is true but it has nothing to do with liberalism or lack there of. also if they're supposedly such fiscal conservatives why is their budget deficit so much higher as a percentage of GDP?
California has better infrastructure than most (not all) of Texas. Plenty of places in the middle of the Texas without quality roads, sidewalks, maintained lawns/parks, etc.
California's GDP dwarfs Texas GDP by a very wide margin yet Texas has the exact same deficit. That means California is fiscally in much better shape as it's deficit as a percentage of GDP is much better then Texas's. Even worse Texas has the worst air pollution in the country, the highest teen pregnancy rate in the country, the highest percentage of uninsured children, the highest percent of children living in poverty, one of the lowest college education rates.... Texas is pretty much one of the worst states in the country.
As for people "fleeing" California, yes lots of people want to live in California so the cost of property gets bid up. People who can't afford it move to some where they can afford (usually a less desirable place like Texas; the market has spoken and Texas sucks according to the market) even while ever larger numbers of rich people move to California because they actually can afford to live in such a popular and in demand place. Some of you, who are no doubt products of Texas's failed public schools, don't seem to understand supply and demand as it perfectly explains why property costs so much in California but is next to worthless in most of Texas.
If you don't like Texas fine, to each his own. However, there was no need to insinuate that Texans are half educated zombies who lack the economic sophistication necessary to understand something so fiendishly complicated and arcane as the "law of supply and demand" -not exactly brain surgery. Besides, I've met some Californians with Swiss cheese for brains: Like dude, surfs up bra!
Nor did we need the hyperbolic "next to worthless" Texas property jab. There are many, many very wealthy people who could afford to live anywhere that choose to reside in the upscale (and costly) areas of Dallas and Houston.
You also have to take into account that the child poverty and teen pregnancy rates include an illegal Mexican immigrant population well known to be one of the largest in the nation which paints a very skewed picture that in no way reflects the reality of the average Texas family.
I don't ever remember seeing headlines like this in Texas:
California ‘s fiscal future lurched yet another step toward oblivion on Friday as state Controller John Chiang announced he could no longer make payments for services to disabled and blind people who need the money to pay for rent and food.
And now that California has Gov Moonbeam back, watching CA over the next couple of years should be fun The best thing that could happen to CA is the big one hits and puts the state out of it's misery.
I don't ever remember seeing headlines like this in Texas:
California ‘s fiscal future lurched yet another step toward oblivion on Friday as state Controller John Chiang announced he could no longer make payments for services to disabled and blind people who need the money to pay for rent and food.
And now California has Gov Moonbeam back, watching CA over the next couple of years should be fun
The difference is Texas spending 18.51% of the state GDP where California 24.82%.
If they are both creating the same deficits and one is spending less than the other, then its a matter of lack of income.. (i.e. recession)..
If one is spending more and creating less deficits, then its a matter of economic stimulation.
If one is spending more and creating more deficits, then its a matter of over spending.. (i.e. federal government)
Texas is in a far better position because California is saddled with 1/2 a TRILLION in pension obligations while Texas liabilities are around $150B..
They arent even close to one another..
California's GDP is much larger than Texas's you did some math wrong or you just made up those numbers...
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The best thing that could happen to CA is the big one hits and puts the state out of it's misery.
