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June 27, 2013
Texas vs. California: 13% GDP Growth Over Past Five Years As Against Fool's Gold State's 0.3%
Via Instapundit, it's a drubbingin all areas. If it was a fight they would have stopped it in round 1. Full article at The Hill.
The most telling indictment of California’s performance? If you removed oil and gas from the Texas economy, the Lone Star state has still outpaced growth in California. Apologists for the Golden State shouldn’t forget that it is in possession of two-thirds of America’s proven shale reserves, a treasure trove that rivals many resource-rich sovereign countries.
...
Finally, and most disturbingly, the US Census Bureau found that between 2009 and 2011, California had the highest supplemental poverty measure in America, with 42 percent more people in poverty as a share of the population than Texas. This can’t all be chalked up to immigration either: illegal immigrants account for the same percentage of Texas’s population as they do California’s.
California has a way to make up for lost ground, of course: They'll just demand the US government transfer wealth from citizens in well-managed states to the governments of poorly-managed ones.
And thus will terrible, destructive choices be disguised so that they'll never have to be corrected, like an alcoholic's habitual use of breath spray.