By Michael Collins
Not if a state owes you money!
Jeb Bush and Newt Gingrich just published an OpEd in the Los Angeles Times arguing that states would be wise to consider filing bankruptcy to relieve their financial troubles. They cite three states, California, Illinois and New York, while failing to mention the angry elephant in the living room with similar problems, Texas.
Texas faces a $25 billion shortfall for a $95 billion two-year budget. That equals California’s 18-month deficit inherited by the recently inaugurated Governor Jerry Brown.
“So why haven’t we heard more about Texas, one of the most important economy’s [sic] in America? Well, it’s because it doesn’t fit the script. It’s a pro-business, lean-spending, no-union state. You can’t fit it into a nice storyline, so it’s ignored,” said Business Insider.
Posted in Economy Economics, Military, Neoliberalism
Tagged bankruptcy, brown, bush, Debt, gingrich, greed, malthus, money, people, sates
The corporate takeover of California is on hold according to the latest polls out of the nation’s largest state. Just nine days before the election, the Los Angeles Times and University of Southern California poll shows a nearly impossible uphill battle for the big business ticket of former eBay CEO Meg Whitman and former HP CEO Carly Fiorina.
Among likely voters in the governor’s race, Brown leads Whitman 50% to 38%. In the race for United States Senator, two term Senator Barbara Boxer maintained an 8% lead. The leads by Democrats come from a brand new constituency, those who “never” go to church. More on that later.
“I genuinely believe it is the national interest, in the interest of everybody in Great Britain, first to use this opportunity to usher in a new politics after the discredited politics of the past.” Speaking to rally for proportional representation: Nick Clegg, May 8
I enjoyed Sterling Newberry’s excellent article of April 19, Liberal Democrats on the Verge of Historic Takedown. The numbers were certainly there for a Nick Clegg – Liberal Democrat stampede if only Clegg had the ability to finish off the old parties, as he refers to Labour and the Conservatives.
Last night’s party leaders debate was a must win. Clegg had to differentiate himself by showing that he was more than just another of the hallow men who occupy so many positions of power in the new millennium.
He had the momentum but did he have the substance and skill to close the door on Labour and the Conservatives?