The cure for America’s long period of slow growth may be as simple as returning to the principles of the American Founding: government’s purpose is to secure liberty.
The Texas model of governance—low taxes, less regulation, and lawsuit reform—results in more prosperity and less poverty for all Americans than does the big government model pushed by the White House and epitomized by California.
“The rent is too damn high,” but, not to worry, your government is on the case, seeking to remedy problems largely of its own making with more market distorting rules that will drive housing costs even higher.
With the ongoing weakness in the price of oil, the Legislature’s work will go a long way toward showing critics that Texas’ success has more to do with good public policy than with good luck. Read more here: http://www.star-telegram.com/opinion/opn-columns-blogs/other-voices/article23915161.html#storylink=cpy
The Competitive Enterprise Institute estimates that the Obama administration issued 81 major regulations per year for more than six years, more than one and a half per week, at a compliance cost exceeding the combined total of individual and corporate federal income taxes by $160 billion.
The longstanding liberal approach is to levy high, progressive taxes to redistribute wealth from the haves to the have-nots; implement large government programs to assist the poor; and meddle with housing markets, using government rules to force the construction of low income housing. This is the California model.
On Friday’s edition of The Chad Hasty Show, Chuck DeVore, vice president for policy at the Texas Public Policy Foundation, joined Chad to talk about current news from the Texas legislature.
A publication of the Texas Public Policy Foundation
With billions more for transportation coupled with procurement reform this year, Texas drivers may see relief on the road ahead.
California’s sluggish long term job growth, with the job growth rate being less than the population growth rate in the state, has contributed to the Golden State’s persistently high official unemployment rate.
Three bills have been filed this session that would free TxDOT to use more design-build contracts, saving as much as $1 billion per year initially and up to $33 billion over the next 20 years of road building.
American public schools have seen a huge increase in inflation-adjusted expenditures over the past 60 years with little to show for it. School performance has less to do with dollars and much to do with teacher quality, system flexibility, parental involvement, and English proficiency.