In Case You Missed It…National Review Touts "Texas Model" as Key To Economic Strength
National Review Editor Rich Lowry credited Texas' economic policies with helping employers in the Lone Star State create more than half of the net jobs created in America over a recent 12 month period.
"Texas already looms large in its own imagination. Its elevated self-image didn't need this: More than half of the net new jobs in the U.S. during the past 12 months were created in the Lone Star State," Lowry wrote. "What does Austin know that Washington doesn't? At its simplest: Don't overtax and -spend, keep regulations to a minimum, avoid letting unions and trial lawyers run riot, and display an enormous neon sign saying, ‘Open for Business."'
Lowry said Texas' conservative, common sense fiscal principles were making the difference.
"Texas is a model of governmental restraint. In 2008, state and local expenditures were 25.5 percent of GDP in California, 22.8 in the U.S., and 17.3 in Texas. Back in 1987, levels of spending were roughly similar in these places. The recessions of 1991 and 2001 spiked spending everywhere, but each time Texas fought to bring it down to pre-recession levels."
He also said other states would do well to emulate Texas.
"At bottom, the struggle between national Republicans and Democrats is over whether the country will adopt a version of the Texas model, or of the Michigan, New York, or California model. Will government allow the private sector to thrive, or stifle growth with its hyperactivity and favoritism for anti-business interests? If migration were a referendum, the Texas model would be winning in a rout - more than 1,300 people a day moved there between their 2007 and 2008 tax filings, according to Internal Revenue Service data."
To read Lowry's entire column, please visit http://www.nationalreview.com/articles/249868/texas-model-rich-lowry.
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