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rdean
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Fortune 500, clearly trying to downplay the reason for Texas strength, still can't deny the obvious.
FORTUNE -- Back in 1965, The Mamas & the Papas reached the top of the charts with "California Dreamin'," a song pining for a return to the warm safety of their home state. But these days they'd be better off dreaming about Texas.
The reason is that Texas powered through the global fiscal crisis, while The Golden State's economy is forecast to remain tarnished for some time.
The fact that California remains locked in such a pronounced slump compared to its economically and demographically similar cousin to the southeast has been pounced upon with biblical zeal by conservative commentators who claim the state's woes are a direct result of its liberalism and sloth. But in truth, California's industrial mix and its history of voter empowerment may have done more than glad-handing liberalism to bring low the nation's largest economy -- one that, in better times, brought the world the Popsicle, the Hula Hoop, the "slimsuit" swimsuit, and the fortune cookie.
It's our history of voter empowerment, yeah, that's what killed California....
Buncha libs here with a liberal agenda...voted....good excuse.
Here are 4 reasons why Texas beats California in a recession - Jul. 13, 2010
It turns out that transportation is responsible for most of the added debt load under Perry, increasing from basically nothing in 2000 to $11.8 billion outstanding as of Aug. 31 2009.
Where does that leave us?
It's clear the amount of state debt has more than doubled since Perry became governor.
We rate White's statement as True.
PolitiFact Texas | White says Texas debt has doubled under Perry
For every dollar Texas gives the Federal Government, Texas gets back 94 cents.
For every dollar California gives the Federal Government, California gets back 78 cents.
California's economy is many times larger than Texas economy, which means California is paying many, many more billions than Texas.
If liberals didn't have to carry conservatives, we would be a wealthy, debt free nation.
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