Saturday, July 11, 2009

Recession and revenues

I see that the sales tax collections in Texas are down 11.2% from last year.

Usually, Texas is less affected by recession than other states, but with the decline of oil and gas production, that is not true any more.

This means that all levels of government will have to cut back, of course.

Thankfully, we are one of the states that has a balanced budget requirement in our Constitution, so we don't have the terrible debt obligations that the liberal states do.

Memo to the politicians in Washington: we CAN have good frugal government. All it takes is discipline.

We have not seen that in DC in decades.

Will Texans be asked to bail out California?

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