And imagine how much more Texas would get if Onazi hadn't played his games with Keystone? And yes, Texas is oil and nat gas wealthy. I've been involved in numerous tx oil/gas LP's, and know all about it. When oil prices crashed in 86, Houston was harmed BADLY, but the people of Texas survived, and came back even stronger. That great state is so diversified among other industries, and the jobs that have been fleeing blue states to relocate there is massive. Fact is, fossil fuels aren't going anywhere anytime soon. On top of that, Texas diversifying itself by literally stealing lol industry from restrictive dem-controlled states, is a STRONG combination.
California overtakes Texas in Job Growth
- Thread starter exGOPer
- Start date
Texas unemployment rate is only a full 3.5% lower than California, what an idiotic thread.
50. California
> Debt per capita: $3,990 (20th highest)
> Budget deficit: 27.8% (3rd largest)
> Unemployment: 10.5% (2nd highest)
> Median household income: $58,328 (11th highest)
> Pct. below poverty line: 17.0% (18th highest)
For the third year in a row, California is the worst-run state in America. California faced a nearly $24 billion in budget shortfall in fiscal 2012, including a mid-year shortfall of $930 million and $8.2 billion carried over from the year before. California carries an A credit rating from Standard & Poorâs, and an A1 from Moodyâs â both worse than any other state except for Illinois. Explaining its rating, Moodyâs pointed to the stateâs history of one-time solutions to resolve its budgetary gaps. It also noted the stateâs âhighly volatile revenue structure,â due to its over reliance on wealthy taxpayers. The Golden State was also among the worst states in the nation for educational attainment, health coverage, and unemployment.
Read more: The Best and Worst Run States in America: A Survey of All 50 - 24/7 Wall St. http://247wallst.com/special-report...n-america-a-survey-of-all-50-2/#ixzz2vo9JAfjN
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50. California
> Debt per capita: $3,990 (20th highest)
> Budget deficit: 27.8% (3rd largest)
> Unemployment: 10.5% (2nd highest)
> Median household income: $58,328 (11th highest)
> Pct. below poverty line: 17.0% (18th highest)
For the third year in a row, California is the worst-run state in America. California faced a nearly $24 billion in budget shortfall in fiscal 2012, including a mid-year shortfall of $930 million and $8.2 billion carried over from the year before. California carries an A credit rating from Standard & Poorâs, and an A1 from Moodyâs â both worse than any other state except for Illinois. Explaining its rating, Moodyâs pointed to the stateâs history of one-time solutions to resolve its budgetary gaps. It also noted the stateâs âhighly volatile revenue structure,â due to its over reliance on wealthy taxpayers. The Golden State was also among the worst states in the nation for educational attainment, health coverage, and unemployment.
Read more: The Best and Worst Run States in America: A Survey of All 50 - 24/7 Wall St. http://247wallst.com/special-report...n-america-a-survey-of-all-50-2/#ixzz2vo9JAfjN
Follow us: @247wallst on Twitter | 247wallst on Facebook
10. Texas
> Debt per capita: $1,513 (5th lowest)
> Budget deficit: 20.4% (7th largest)
> Unemployment: 6.8% (tied-17th lowest)
> Median household income: $50,740 (24th highest)
> Pct. below poverty line: 17.9% (tied-11th highest)
Texasâ GDP rose by 4.8% last year, the second-largest increase in the country, behind only North Dakota. Part of this growth came from the stateâs robust energy sector. While Texas is the nationâs largest energy producer in the country by a wide margin, it also has a more balanced economy than other major oil and gas-producing states. The state exported more than $10,000 per capita in goods last year, the third most in the nation. Even with its relatively large economy â the state is in the top 15 for GDP per capita â Texas collected less revenue per resident than any other state. Texas also spent less per capita than most states, particularly on public welfare. The state has a perfect credit rating from both Standard & Poorâs and Moodyâs, and had just $1,513 per capita in debt in fiscal 2011. Two negatives stand out for the state: Texas had the lowest rate of adults with a high school diploma, as well as the highest percentage of residents without health insurance coverage.
Read more: The Best and Worst Run States in America: A Survey of All 50 - 24/7 Wall St. http://247wallst.com/special-report...n-america-a-survey-of-all-50-2/#ixzz2vo9oquuB
Follow us: @247wallst on Twitter | 247wallst on Facebook
> Debt per capita: $1,513 (5th lowest)
> Budget deficit: 20.4% (7th largest)
> Unemployment: 6.8% (tied-17th lowest)
> Median household income: $50,740 (24th highest)
> Pct. below poverty line: 17.9% (tied-11th highest)
Texasâ GDP rose by 4.8% last year, the second-largest increase in the country, behind only North Dakota. Part of this growth came from the stateâs robust energy sector. While Texas is the nationâs largest energy producer in the country by a wide margin, it also has a more balanced economy than other major oil and gas-producing states. The state exported more than $10,000 per capita in goods last year, the third most in the nation. Even with its relatively large economy â the state is in the top 15 for GDP per capita â Texas collected less revenue per resident than any other state. Texas also spent less per capita than most states, particularly on public welfare. The state has a perfect credit rating from both Standard & Poorâs and Moodyâs, and had just $1,513 per capita in debt in fiscal 2011. Two negatives stand out for the state: Texas had the lowest rate of adults with a high school diploma, as well as the highest percentage of residents without health insurance coverage.
Read more: The Best and Worst Run States in America: A Survey of All 50 - 24/7 Wall St. http://247wallst.com/special-report...n-america-a-survey-of-all-50-2/#ixzz2vo9oquuB
Follow us: @247wallst on Twitter | 247wallst on Facebook
Texas does have great chicken fried steaks, lived in Texas twice but they have no casino's. Once a person has tasted freedom he can never go back to the nanny state holding our hand. If Texas decides on liberty one day I might return
More the other way. Didn't you ever hear the expression, "A parasite can't change its spots?"
For the parasites who eventually get a job.... many will find work too hard, too confining, too demanding of their time.... and will quit/return to their former handout status. Some will find they don't even have time to "paint, spend time with their family, and enjoy their life".
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Deflection is the number one tool in the wingnut toolbox.
The secret ingredient to the Texas economic miracle is oil and gas. Kinda exactly like North Dakota.
And if the liberals of california were running the state they would have figured out a way to chase the oil companies off, kind of like how they cause water supply shortages on their own people to save a goddamn smelt. Its no coincidence that all of the top oil and gas producing states are conservative, its not like liberal states dont have any of their own natural resources, they just choose not to use them.
If california didnt have the nicest climate in America they and their useless liberal ideology would have been relegated to the dustbin of history already.
Yea, California is California is because of the climate, everything good is because of Cons and everything bad because liberals. This also explains the paradise the conservative states like Mississippi, Alabama and rest of the inbred states are.
Dumb Con logic in action.