This is all doom and gloom. They have a lot of problems but also a lot going for them
as well. Like I said its a mixed bag but it is getting better. They're not going to go bankrupt, lol.
I noticed you just happened to leave out any word about how the people of Texas are doing comparatively. You also didn't comment on the successful "liberal" cities, states and countries.
Is it possible factors other than "liberal" versus "conservative" are more important?
LOL !!
I didn't think you were making a serious comparison. I mean what kind of Liberal rag have you been reading that would even attempt to compare the two states economically ?
But lets DO proceed.
In 2012 a survey found California to be the WORST state to do bussiness in in the entire US.
In 2011 it ranked dead last in bussiness creation.
Thanks to Prop 30, California now has the Highest overall State income tax in the nation.
They have one of the highest rates for State sales tax.
Its the only State that taxes Carbon Emissions.
In 2011, 33% of their population recieved TANF.
They have some of the Highest payed teachers even though their students ranked 48 and 49 in Math and Reading.
IF you include UNFUNDED LIABILLITIES, they hold twice the amount of debt than any other State in the Union.
Since 2007, child poverty in California has increased by 30%.
That State is imploding right before our eyes as they continue down the road of high taxes, increased spending and burdensome regulations.
Any "positive" news out of California is dubious at best, as GDP revisions in previous years were the Highest in the Country.
Texas ? With NO STATE INCOME TAX and a lower cost of living ?
Texas has had continued job growth and economic expansion in ALL of its major cities . 34% jobs growth since 1995 which outpaced total National job growth of 12%.
From 2002-2011, Texas produced 216,000 jobs that payed in excess of 150% of the average wage in America.
Thats out of 495,000 total. In the entire Nation.
Texas cities are growing in population, taking in refugees from Blue plague States and offering them something their home state couldn't.
We've welcomed quite a few Californians too. They're welcomed here as long as they don't attempt to apply their leftist tendencies ( if they have them )
I guarantee, Californias situation will not end well. There isn't enough private sector activity to pay back the hundreds of billions in short funded pension funds.
They've aggressively gone after bussinesses, and increased tax's in a last ditch effort to raise revenue. But what its really accomplished is to drive out private sector growth and stifled jobs growth as more people become dependent on Social services.
You would think with Detroit going belly up, the Libs in Control in Cali would see the light.
LOL !!! Not a chance. Liberals have no humility, and can't admit that their life long obsession with a corrupted ideology has been a huge waste of time.
So, they'll keep digging, and creating more poverty and misery in the areas they control.