|Coming to the Texas|
Leadership in the Texas Legislature, which is dominated by fiscal conservatives, is not expected to support attempts to raise taxes to fill the multibillion-dollar hole. But social service advocates say the state's safety net system can't afford any further budget cuts.The story goes on to enumerate how this state of affairs came to pass.
Texas is famously pro-business, low-taxes, no-union. It doesn’t have a state income tax, and it lowered its school property taxes by a third in 2005.
Still, it has this 15% deficit, and a total debt which will cross the 100% mark this year—which pretty much gives lie to the notion that you can get all that you want by lowering taxes, squeezing out unions, and letting business get down to business.
People like Mish Shedlock who constantly harp about the union and the taxes fail explain that the only way a low-tax, pro-business, no-union situation can exist is to cut services—drastically. Or not have them at all.
In Texas, they’ve already “deregulated” state university tuition costs, and now, they’re not only considering reducing Medicaid, they’re even talking about cutting it altogether.
Which is fine—if Texas wants to be a state were the poor and indigent get no medical treatment. If Texas wants to be a state where only the well-off get an education.
If not, well . . . the solution is obvious.
The 82nd Texas legislature convened on January 11, and runs through May 30.