This paper highlights Texas budget trends in Articles VI and VII since the 2004-05 budget and notes the natural resources and business and economic development functions that increase faster than population growth plus inflation in the 2016-17 budget.
D.C. Doesn’t Just Spend Too Much Money, It Spends On The Wrong Things
Can you imagine China, Russia, or Iran spending trillions of dollars to remove any fraction of the carbon dioxide they’re pumping into the air? When corporations — and people — misallocate capital, they tend to suffer. Of course, whether capital is misallocated is sometimes only fully understood after the fullness of time. The People’s Republic...