Quote Originally Posted by Strike For The South View Post
HaHa, you reap what you sow. Thank God my family is employeed by privatley owned companies

They are talking about cutting medicare or thinning out the prison system, of course it never leads the docket as it wouldn't fit into the narritive. The big thing here is the state leg is electing the speaker in a new way, there is no talk of the budget what so ever.

How Texas gets its money is based on 3 things

-Minerals/Ag (market prices have been dropping like silk underwear on prom night)
-Property Taxes (you can see where this is going)
-Sales Tax

These 3 things are based on the consumer consuming which is all fine and dandy until a recession happens and it's a double whammy when property was a main component of that recession

Now usually we just lower our shoulder and spend the oil money but for various reasons there isnt much of that anymore either (there is plenty of oil left but thats another topic)

So even if we spent all the oil money in the rainy day fund (which is a billion lighter than it should be) we're still 4-5 billion in the hole

Did I mention we spent the stimulus money?

Of course enterprise in Texas is booming our economy is about to overtake Cali (some think it already has) but to even think about raising taxes gets you labled a communist and to even bring up a state income tax gets you shot

The analogy is to compare us to Ireland. I don't like it because Ireland actually spent money on its people, Texas spends money on education, Medicare, and prisons. Of course the first thing is to slam us with tuition hikes (my other open tab is my fafsa.....Oh happy day)

Of course one can't discuss Texas without bringing up the dichoitomy of the state. If you draw a triangle from I-10 (San Antonio to Houston), I-35 (San Antonio to Dallas) and I-45 (Houston to Dallas) then everything is dandy and people are printing money, however outside that triangle people are destitute, no health care, no education and no hope.

King Perry will never raise taxes, he will instead ride the Mexican underclass into the gorund and lay off 0000s of uni employees while raising the interest rates on my loan and my tuition

When this can all be avodied by paying an extra .02 on the dollar in taxes. There is nothing left to cut we need to raise revunue
I think the comparison with Ireland is perfectly apt.

Both Texas and Ireland abolished corporate taxation. Then were blinded by the superficial succes of all those businesses moving in. When the music stopped, they were bankrupt, their poor driven into destitution, an enormous gap between the poor and the rich.

And to top it off, both states have beggared their neighbours too, albeit that this effect is somewhat mitigated in the American union, which unlike the European one at least raises federal taxes.