11-11-2010, 03:07 PM
I know I said I was going to shut up, but I just can\'t help myself.
97fan and washingtonismoney, here is my prediction:
Jerry Brown will make a lot of noise about being a fiscal conservative, but at the end of the day he will sign bills that substantially raise taxes in California. Â Meanwhile, Perry in TX will not substantially raise taxes in Texas. Â Both states have deficits that are in the same range, more than $20 billion.
I predict that in four years Perry\'s plan -- not raising taxes -- will cause Texas to continue to boom. Â I predict that Brown\'s plan -- raising taxes -- will cause California to continue to stagnate. Â California\'s unemployment will continue to be at least three -- and probably four points -- above Texas. Â I predict net state out-migration -- which as been 1 million-plus people in the last decade for California -- will continue. Â I also predict that state GDP will grow more in Texas than in California.
Care to make a gentleman\'s bet on this issue (given this is a sports site)?
Before you do, you may want to read a document call "Rich States, Poor States." Â You can google it and download the PDF. Â Very interesting reading.
Bets are off if Jerry Brown pulls a "Nixon goes to China" and actually vetoes tax increases. Â If he does that, California will rescue itself. Â But that will also mean brobdingnagian cuts in public education, which will mean more suffering for Kal, UCLA, etc.
97fan and washingtonismoney, here is my prediction:
Jerry Brown will make a lot of noise about being a fiscal conservative, but at the end of the day he will sign bills that substantially raise taxes in California. Â Meanwhile, Perry in TX will not substantially raise taxes in Texas. Â Both states have deficits that are in the same range, more than $20 billion.
I predict that in four years Perry\'s plan -- not raising taxes -- will cause Texas to continue to boom. Â I predict that Brown\'s plan -- raising taxes -- will cause California to continue to stagnate. Â California\'s unemployment will continue to be at least three -- and probably four points -- above Texas. Â I predict net state out-migration -- which as been 1 million-plus people in the last decade for California -- will continue. Â I also predict that state GDP will grow more in Texas than in California.
Care to make a gentleman\'s bet on this issue (given this is a sports site)?
Before you do, you may want to read a document call "Rich States, Poor States." Â You can google it and download the PDF. Â Very interesting reading.
Bets are off if Jerry Brown pulls a "Nixon goes to China" and actually vetoes tax increases. Â If he does that, California will rescue itself. Â But that will also mean brobdingnagian cuts in public education, which will mean more suffering for Kal, UCLA, etc.