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  • February 23, 2011 at 9:18 PM #671556
    pencilneck
    Participant

    6. Of the states with the largest budget shortfalls, as a percent of revenue, which state has the smallest shortfall?

    Odd question.

    February 23, 2011 at 10:20 PM #670422
    gandalf
    Participant

    Yeah, I agree. The question is phrased poorly, but it calls out the unfair comparisons our state of California has suffered in recent years to states like Texas and Nevada that were pro-business and laissez-faire about regulation and taxation.

    The conventional wisdom was, if you want to be prosperous (California), you need to be like Texas.

    Or some shit like that.

    Well, it turns out the rosy finances in places like Texas / Nevada were largely smoke and mirrors.

    Texas has a bigger deficit problem than California as a percentage of revenue or gross economic product.

    February 23, 2011 at 10:20 PM #670484
    gandalf
    Participant

    Yeah, I agree. The question is phrased poorly, but it calls out the unfair comparisons our state of California has suffered in recent years to states like Texas and Nevada that were pro-business and laissez-faire about regulation and taxation.

    The conventional wisdom was, if you want to be prosperous (California), you need to be like Texas.

    Or some shit like that.

    Well, it turns out the rosy finances in places like Texas / Nevada were largely smoke and mirrors.

    Texas has a bigger deficit problem than California as a percentage of revenue or gross economic product.

    February 23, 2011 at 10:20 PM #671093
    gandalf
    Participant

    Yeah, I agree. The question is phrased poorly, but it calls out the unfair comparisons our state of California has suffered in recent years to states like Texas and Nevada that were pro-business and laissez-faire about regulation and taxation.

    The conventional wisdom was, if you want to be prosperous (California), you need to be like Texas.

    Or some shit like that.

    Well, it turns out the rosy finances in places like Texas / Nevada were largely smoke and mirrors.

    Texas has a bigger deficit problem than California as a percentage of revenue or gross economic product.

    February 23, 2011 at 10:20 PM #671233
    gandalf
    Participant

    Yeah, I agree. The question is phrased poorly, but it calls out the unfair comparisons our state of California has suffered in recent years to states like Texas and Nevada that were pro-business and laissez-faire about regulation and taxation.

    The conventional wisdom was, if you want to be prosperous (California), you need to be like Texas.

    Or some shit like that.

    Well, it turns out the rosy finances in places like Texas / Nevada were largely smoke and mirrors.

    Texas has a bigger deficit problem than California as a percentage of revenue or gross economic product.

    February 23, 2011 at 10:20 PM #671576
    gandalf
    Participant

    Yeah, I agree. The question is phrased poorly, but it calls out the unfair comparisons our state of California has suffered in recent years to states like Texas and Nevada that were pro-business and laissez-faire about regulation and taxation.

    The conventional wisdom was, if you want to be prosperous (California), you need to be like Texas.

    Or some shit like that.

    Well, it turns out the rosy finances in places like Texas / Nevada were largely smoke and mirrors.

    Texas has a bigger deficit problem than California as a percentage of revenue or gross economic product.

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