Posted by Tina
“Texas created more jobs in 2008 than the rest of the states–combined.” As of July, the state, which taxes neither capital gains nor income, had an unemployment rate of 7.5%, two points below the national average, while California’s hovered at 11.5%, two points above. ** No wonder over half a million people flooded into Texas between 2000 and 2007. Meanwhile, 1.2 million residents left California in the same seven-year period. ** The bottom line? Tax-and-spend governance is as bankrupt as California’s bank account. – WSJ