Washington Examiner – According to the Congressional Budget Office, the federal government posted a $293 billion deficit in the first fiscal quarter of 2013, setting the Obama administration up for a record fifth-year of trillion dollar deficits. But while the fiscal condition of the Democratically controlled federal government is still atrocious, Republican controlled states are now swimming in surpluses.
Thanks to a Republican governor committed to developing its natural resources, not punishing entrepreneurs who do, Texas legislators are facing an $8.8 billion surplus over the next two years. To the east, Republican governors Bill Haslam of Tennessee and Rick Scott of Florida have also turned recession deficits into budget surpluses. Moving north, Michigan’s Gov. Rick Snyder, Iowa’s Gov. Terry Brandstad, and Indiana’s out-going-Gov. Mitch Daniels, also can now all boast surpluses in the hundreds of millions of dollars. All of these governors managed to turn their state’s fiscal situation around through spending cuts, not tax hikes. Now their budgets are in the black and their economies are growing.
Things do not look as good in Democrat-controlled states. Illinois, who massively raised taxes on the rich, still has a $5.9 billion stack of unpaid bills. California, who also raised taxes on the rich, was supposed to post a small surplus this year. But tax collections are coming in at 10.8 percent below budget projections. As a result, the state is now projected to be $1.9 billion in the red by the end of this fiscal year.
It does not appear that that Congress and the White House will come to any consensus on how best to solve our fiscal crisis at the federal level. Conservatives and liberals simply have diametrically opposed views on how our fiscal crisis can best be resolved while preserving economic growth. But at the state level, conservative and liberal models of governance are being fully implemented. And it is becoming increasingly clear which of those visions is producing the best results.
Redneck's Revenge
Like to see the MSM jump on this if true
The MSM is becoming irrelevant. No doubt they will get pretend-money as advertising dries up, at least among people with $$ to spend. I like the news Wyoming has put up a Law telling DC how they read the 2ndA to mean exactly what it says. Expect this trend to catch fire, culminating in refusal to continue funding insane efforts. Then watch Kali and Illinois force its way to the trough. I have a hard time believing our Forces are overrun with nazi’s willing to break down doors as happened with Gibson Guitars. Locally, there is growing noise to demand our Rino sheriff declare his stance on these bastrds operating hereabouts, arming teachers and confiscating weaponry. Expect he’ll have some damn good folks looking to take over soon.
The original concept of United States was to have 13, 15, 48, 50, whatever different experiments in governance. Each state would try things and other states would copy what worked. The Several States, under a loose federation.
So much for that. After ‘states rights’ were conflated with slavery, the whole concept advanced by the anti-federalists went out the window.
Not only are republican-run states doing better, there are plenty of examples of democratically-run cities within those republican-run states doing poorly. I used to say if you wanted to find misery and starvation, follow the socialists. Closer to home, if you want to find the disasters, follow the democrats.
T8 in my whole life I have never heard that said. Is it your observation? Did everyone everyone but me figure that out? It struck me because I wanted comment on the Democrats ignorance.
Numbers and statistics are bitches of the result orientated researcher and when it comes to anything economical your talking situate, projected, temporary, transient, politics of the day, GEO politics, unforeseen events, corruption, massive embezzlement, fraud and deceit, outright unearned greed, you name it. The wealth created by the hard working the law abiding American is hardly saving the economy.
(rant) The Democratic leadership knows it’s control does not promote prosperity, even hinders it. They know that. It is not possible they are that stupid. They sell us all out to create dependence and manipulate that dependence for support. They are in a class of people that want power but they have no credentials in a free and productive society so their whole game plan involves manipulating that 13 to 50 experiments. When their shit is about to implode their real expertise comes alive. Blaming and framing others and acting like they paved the way in fixing their own bullshit. Problem is they also set the ground rules of political correctness and we have to play. If we don’t play we will have to fight. The Dems know that too, hence their hatred of the Second Amendment. If we did not have the 2nd amendment their would have been an outright progressive coup on the Federal level yesterday. And the chickenshit Republican leadership would have given wonderful patriotic speeches while watching it happen. That is my faith in the Republican party and I like to remember that the reason we have no real third party is because the R’s and D’s will not permit that. We are a two party system so a third party means one of the existing ones has to go.
…ok you guys know of this….I know I`ve got Java on everthing I own…should it be uninstalled..?
(Reuters) --
Seems to me hacking is now a prestiegeous line of work complete with government sanctions. If your a lone wolf hacker or criminal group that just wants to raid bank accounts better move to a non Western nation.
Maybe some genius Congressman will sponsor a bill defining all identity theft, fraud and hacking as terrorism, and an act of war as well as a threat to everything that keeps us from returning to the dark ages. Everything is political and national security and falls to DHS, they will handle it. They can get the appropriate legislation needed to expand their power, all we have to do is bend over at the airport.
Back when TG and border gal were here I actually believed the border would be controlled. When the Patriot Act was created I actually believed it was a threat to domestic corruption. I actually believed we would win the Mideast wars quickly and the BS past was over. The Fed will do all it can to protect cyber space. He just has a way of getting things done even if we can’t appreciate his methods.