Elephant Butte, NM

Monday, November 26, 2012

California stats.


Interesting about California
Republicans in the House are under a lot of pressure to go along with the Democrats after their election wins. But can you imagine what one-party rule would mean to the economy? Luckily, we don’t have to imagine it. We have California, where a Republican legislator is about as rare these days as a silent movie. Con
n Carroll at the Washington Examiner just crunched the latest West Coast numbers. Under virtual one-party rule, California has run up about $370 billion in total state and local debt, or more than $10,000 per resident. That’s despite having both the nation’s highest sales tax and an income tax with the highest top rate. If high taxes, unbridled spending and unlimited debt stimulated economies, California’s should be booming. So what did all that spending buy?

Well, according to a new Census Bureau report, nearly a quarter of Californians are living in poverty. California is home to one-eighth of the US population, but one-third of all welfare recipients. Chief Executive magazine just ranked California as the worst state of all to do business in. Texas was ranked as the best. Texas has a jobless rate of 6.8 percent, California’s is 10.2. But wait, didn’t all that redistribution of wealth at least create economic equality? Well, no: the Census Bureau reports that income inequality is actually worse in California than in Texas. So maybe the voters who opted to continue gridlock in Washington knew what they were doing.

For more of the Huckabee Report, visit MikeHuckabee.com.

No comments:

Post a Comment