Texas likely to continue to lead Nation's Recovery

[iliveonramen]

Nothing miracle about it, just letting free enterprise, capitalism, and incentive loose. People are leaving California by the droves, why is that? TX is creating jobs and opportunities.

As of 2013 California is growing faster than the national average.

Texas grew faster...guess who grew the fastest? North Dakota...I wonder why? I guess people like the -30 degree temperatures and the thriving social scene.

 

[Conservative]

Why then do you suppose that more Texans "choose" to live in poverty more than other states?

All those kids choosing to live in poverty?...WOW! they don't make that choice nearly as often in other states.
Report: 47 Percent Increase in Texas Child Poverty Rate | Crooks and Liars

When you have the population growth you have in TX you are going to have an increase in almost every category. Doesn't seem to stop people from moving here and they aren't doing it because of poverty or minimum wage, but rather opportunity. The jealousy you show for TX is quite interesting.

 

[Conservative]

As of 2013 California is growing faster than the national average.

Texas grew faster...guess who grew the fastest? North Dakota...I wonder why? I guess people like the -30 degree temperatures and the thriving social scene.

No, people like jobs and opportunity, North Dakota offers both. Too bad people like you have a problem understanding incentive and opportunity.

 

[iliveonramen]

No, people like jobs and opportunity, North Dakota offers both. Too bad people like you have a problem understanding incentive and opportunity.

Ummm..what jobs does North Dakota offer? Did their policies create the huge mineral wealth created millions of years ago by the death of carbon life forms?

I understand incentive and opportunity. I also understand that pointing to states doing well based on their wealth of natural resources under their ground isn't really where this country needs to focus. I want my state to have the next research triangle or silicon valley not pray we find oil reserves.

 

[Conservative]

Ummm..what jobs does North Dakota offer? Did their policies create the huge mineral wealth created millions of years ago by the death of carbon life forms?

I understand incentive and opportunity. I also understand that pointing to states doing well based on their wealth of natural resources under their ground isn't really where this country needs to focus. I want my state to have the next research triangle or silicon valley not pray we find oil reserves.

Doesn't appear that you have the ability to research so suggest you start with N. Dakota and find out what was created to generate those new opportunities. Amazing how that was done without Govt. "help." McDonald workers making $16 per hour? Wow, without govt mandates?

You telling me California with its billions in deficits and debt, high entitlements, high taxes doesn't have resources? Your state by the way is doing quite well in job creation as well. Wonder what it is about incentive that people like you don't understand?

 

[iliveonramen]

Doesn't appear that you have the ability to research so suggest you start with N. Dakota and find out what was created to generate those new opportunities. Amazing how that was done without Govt. "help." McDonald workers making $16 per hour? Wow, without govt mandates?

Yeah...that's what happens in a boom town. Demand for labor is high because...well they find those resources in the middle of no where. Housing prices skyrocket as well. So yeah..with out mandates...

You telling me California with its billions in deficits

California is running a surplus

debt, high entitlements, high taxes doesn't have resources

They do...but their economy is diversified. The energy sector isn't nearly as large a percentage of their state economy as for example North Dakota. Public policy doesn't create energy reserves....it does create silicon valley and a university system that feeds into it and fuels innovation.

 

[winston53660]

One thing conservative won't mention is how REGULATION helped Texas out

But there is a broader secret to Texas's success, and Washington reformers ought to be paying very close attention. If there's one thing that Congress can do to help protect borrowers from the worst lending excesses that fueled the mortgage and financial crises, it's to follow the Lone Star State's lead and put the brakes on "cash-out" refinancing and home-equity lending.

A cash-out refinance is a mortgage taken out for a higher balance than the one on an existing loan, net of fees. Across the nation, cash-outs became ubiquitous during the mortgage boom, as skyrocketing house prices made it possible for homeowners, even those with bad credit, to use their home equity like an ATM. But not in Texas. There, cash-outs and home-equity loans cannot total more than 80 percent of a home's appraised value. There's a 12-day cooling-off period after an application, during which the borrower can pull out. And when a borrower refinances a mortgage, it's illegal to get even a dollar back. Texas really means it: All these protections, and more, are in the state constitution. The Texas restrictions on mortgage borrowing date from the first days of statehood in 1845, when the constitution banned home loans.

"Delinquency and foreclosure rates are significantly lower in Texas," says Scott Norman of the Texas Mortgage Bankers Association. "The 80 percent loan-to-value limit -- that's the catalyst for a lot of this."

How Texas escaped the real estate crisis

 

[Conservative]

Yeah...that's what happens in a boom town. Demand for labor is high because...well they find those resources in the middle of no where. Housing prices skyrocket as well. So yeah..with out mandates...


California is running a surplus


They do...but their economy is diversified. The energy sector isn't nearly as large a percentage of their state economy as for example North Dakota. Public policy doesn't create energy reserves....it does create silicon valley and a university system that feeds into it and fuels innovation.

I have no idea where you get your information but spouting what you want to believe doesn't help your credibility when faced with reality. What is it about liberalism that creates this kind of loyalty?

http://www.mercurynews.com/california/ci_24998205/californias-wall-debt-is-only-slice-its-liability

 

[iliveonramen]

I have no idea where you get your information but spouting what you want to believe doesn't help your credibility when faced with reality. What is it about liberalism that creates this kind of loyalty?

California's 'wall of debt' is only a slice of its liability problem - San Jose Mercury News

Deficit is yearly.

The "wall of debt" is long term accumulated debt. Maybe it has less to do with loyalty and more to do with understanding the difference between deficit and debt?

 

[Conservative]

One thing conservative won't mention is how REGULATION helped Texas out

But there is a broader secret to Texas's success, and Washington reformers ought to be paying very close attention. If there's one thing that Congress can do to help protect borrowers from the worst lending excesses that fueled the mortgage and financial crises, it's to follow the Lone Star State's lead and put the brakes on "cash-out" refinancing and home-equity lending.

A cash-out refinance is a mortgage taken out for a higher balance than the one on an existing loan, net of fees. Across the nation, cash-outs became ubiquitous during the mortgage boom, as skyrocketing house prices made it possible for homeowners, even those with bad credit, to use their home equity like an ATM. But not in Texas. There, cash-outs and home-equity loans cannot total more than 80 percent of a home's appraised value. There's a 12-day cooling-off period after an application, during which the borrower can pull out. And when a borrower refinances a mortgage, it's illegal to get even a dollar back. Texas really means it: All these protections, and more, are in the state constitution. The Texas restrictions on mortgage borrowing date from the first days of statehood in 1845, when the constitution banned home loans.

"Delinquency and foreclosure rates are significantly lower in Texas," says Scott Norman of the Texas Mortgage Bankers Association. "The 80 percent loan-to-value limit -- that's the catalyst for a lot of this."

How Texas escaped the real estate crisis

Haven't seen many Texans with the view of their state that you have. You probably should get out more and then you would realize how good you have it here. I lived all over the country and in 1992 this was the best move I ever made. Too bad you are blinded by your own beliefs and opinions. Maybe you ought to get out of the location you live.

 

[Conservative]

Deficit is yearly.

The "wall of debt" is long term accumulated debt. Maybe it has less to do with loyalty and more to do with understanding the difference between deficit and debt?

LOL, deficits are indeed yearly and add to the debt. Seems therein lies your problem. You can cut the deficit and still have one adding to the debt. Obama and supporters take credit for a cut in deficit but not the 680 billion added to the debt. Why do you believe what you are told and never hold liberals to the same standards as conservatives?

 

[winston53660]

Haven't seen many Texans with the view of their state that you have. You probably should get out more and then you would realize how good you have it here. I lived all over the country and in 1992 this was the best move I ever made. Too bad you are blinded by your own beliefs and opinions. Maybe you ought to get out of the location you live.

Right on cue and with the canned lines gawd you are halarious

 

[Conservative]

Right on cue and with the canned lines gawd you are halarious

If I were as miserable as you seem to be living in this state I would call up that big govt. liberal support network and have them bring a moving van and take you away from this hell hole. You don't seem to understand where personal responsibility rests in your own little world.

 

[iliveonramen]

LOL, deficits are indeed yearly and add to the debt. Seems therein lies your problem. You can cut the deficit and still have one adding to the debt.

I responded to you saying they were running deficits and pointed out they were now running a surplus.

Obama and supporters take credit for a cut in deficit but not the 680 billion added to the debt. Why do you believe what you are told and never hold liberals to the same standards as conservatives?

California didn't reduce the deficit...they are running a multi-billion dollar surplus. They are also planning to take some of that surplus and start chipping away at that debt.

I'm not sure how California turned into Obama.

 

[Conservative]

I responded to you saying they were running deficits and pointed out they were now running a surplus.


California didn't reduce the deficit...they are running a multi-billion dollar surplus. They are also planning to take some of that surplus and start chipping away at that debt.

I'm not sure how California turned into Obama.

Keep reading the headlines and ignoring the story. What is it about liberalism that prevents good people like you from admitting that you are wrong?

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

 

[iliveonramen]

Keep reading the headlines and ignoring the story. What is it about liberalism that prevents good people like you from admitting that you are wrong?

Jerry Brown Stands Atop California's Collapsing House Of Cards - Forbes

How many articles did you skip in order to find an opinion piece that confirms your pre-conceived notion? Of course an opinion article written by the head of the California Republican Party attacking the Democratic Governor. I'm sure he has no "incentive" (since you like using the word) to take a positive and make it a negative for someone he wants to unseat.

The author of the OP Ed uses slight of hand and insane numbers in order to take something Brown has done (gone from deficit to surplus) and try and still criticize him on fiscal matters.

 

[Fenton]

California has a higher GDP per capita than Texas does. As does NY. As does
New Jersey. As does other "blue states". Sorry...Texas is a big state with lots of natural resources. It's not some miracle economy.

California has hundreds of billions in undunded liabillities to contend with.

State Pensions and healthcare.

Te as has billions in surplus and a expanding and growing economy.

 

[Fenton]

How many articles did you skip in order to find an opinion piece that confirms
your pre-conceived notion? Of course an opinion article written by the head of the California Republican Party attacking the Democratic Governor. I'm sure he has no "incentive" (since you like using the word) to take a positive and make it a negative for someone he wants to unseat.

The author of the OP Ed uses slight of hand and insane numbers in order to take something Brown has done (gone from deficit to surplus) and try and still criticize him on fiscal matters.

LOL !!

Brown has a surplus ??

How ? By hoping no one notices his massive amounts of unfunded pension and healthcare liabillities ?

The difference in Texas and Cali ? We HAVE a surplus, Cali has a lying Governor.

 

[iliveonramen]

California has hundreds of billions in undunded liabillities to contend with.

State Pensions and healthcare.

Te as has billions in surplus and a expanding and growing economy.

California has a surplus in billions as well. Texas also has unfunded state pensions. There's no doubt that Texas is in a better position fiscally than California. It helps of course to have a huge rainy day fund almost entirely funded by production taxes on oil and gas companies.

 

[iliveonramen]

LOL !!

Brown has a surplus ??

How ? By hoping no one notices his massive amounts of unfunded pension and healthcare liabillities ?

The difference in Texas and Cali ? We HAVE a surplus, Cali has a lying Governor.

Yeah...surpluses are yearly and pensions are long term liabilities. You can have a yearly surplus while owing XX amount over the next 40 years. When you do your household budget do you mark down the total amount owed on your house/car or whatever EVERY BUDGET? You are aware that Texas has a funding gap in their pensions too right?

 

[Risky Thicket]

http://www.dallasfed.org/assets/documents/research/swe/2013/swe1301b.pdf

Makes one wonder why anyone would want to change leadership and the direction the state of TX has been headed under Conservative leadership?

What I see is liberal jealousy and total ignorance as to how our economy works. TX has it figured out, great state to live in.

Yes indeed. Somehow Texas and North Dakota figured out how to have a lot of oil.

 

[winston53660]

Yeah...surpluses are yearly and pensions are long term liabilities. You can have a yearly surplus while owing XX amount over the next 40 years. When you do your household budget do you mark down the total amount owed on your house/car or whatever EVERY BUDGET? You are aware that Texas has a funding gap in their pensions too right?

The most pressing and expensive issue for us here Texas is water and we are going to run out unless we spend tens on billions of dollars to handle the situation. Additionally the way we handle debt here is to push it down the ladder to counties and cities.

 

[Conservative]

How many articles did you skip in order to find an opinion piece that confirms your pre-conceived notion? Of course an opinion article written by the head of the California Republican Party attacking the Democratic Governor. I'm sure he has no "incentive" (since you like using the word) to take a positive and make it a negative for someone he wants to unseat.

The author of the OP Ed uses slight of hand and insane numbers in order to take something Brown has done (gone from deficit to surplus) and try and still criticize him on fiscal matters.

You just don't get it and never will, totally brainwashed by an ideology that focuses on making people like you feel good yet never generating positive results. What is the debt in the state of California? You have shown that you live in Florida yet have so much passion for the California economy and the question is why>

Forbes Magazine is a business magazine that focuses on actual economic conditions. You on the other hand trumpet high debt, high taxes, and high unemployment. The question is why? Why is it people like you cannot embrace success and have to demonize it. TX has been successful, California a failure. Your state is even improving but you are so married to a failed ideology that you simply are blind to actual results. It is a real shame that you don't understand what liberals are doing to you and this country.

Again, what is the California DEBT!!

 

[Conservative]

Yes indeed. Somehow Texas and North Dakota figured out how to have a lot of oil.

Amazing, isn't it how TX and N. Dakota can do it but other states like California can't? The entitlement mentality of those states is the problem yet people cannot see it, especially those married to liberalism. Why is that?

 

[Conservative]

The most pressing and expensive issue for us here Texas is water and we are going to run out unless we spend tens on billions of dollars to handle the situation. Additionally the way we handle debt here is to push it down the ladder to counties and cities.

You really don't understand how the state works do you? We are in this all together, state and local governments. The people keep flocking to TX for jobs and opportunity, why? Local growth is handled by local government, something you don't seem to understand.