White Don't Know Much 'Bout History (Or Economics)

Submitted by MQSullivan on Wed, 03/10/2010 - 2:33pm.

Democratic gubernatorial candidate apparently knows as little about world history as about good economics. He's taking Texas Gov. Rick Perry to task for "Soviet-style" budget techniques. What technique is that? Well, budget cuts, of course.

Excuse me, Mr. White, the late Soviet Empire imploded for many reasons but government austerity certainly wasn't one of them. Reckless, out-of-control, unrestrained spending was high on the list. And bad economic policy. And oppression of their citizens. And an evil worldview. Spending restraint? Soviets never had a problem with it; they never did it.

At an event hosted this week by the online Texas Tribune, and reported on by the Associated Press, Houston's former mayor also said he "refused to rule out future tax increases to close the gap.”

Texas faces an $11 billion shortfall -- that is, the difference between projected spending and projected revenues. Notice the word "projected."

A budget shortfall can be managed in basically one of two ways. Spending can be cut to match available funds, or taxes can be raised to bring more cash into the treasury.

So what got Mr. White's revisionist goat? Earlier this year, Texas Gov. Rick Perry, Lt. Gov. David Dewhurst and House Speaker Joe Straus staked out their position on the shortfall. They told every state agency to find ways to reduce spending by five-percent.

To Mr. White and the tax-and-spend wing of his party, cutting government spending simply not allowed.

Voters worried about their jobs, and the future of Texas' economy, would do well to let Mr. White join his economic comrades in the dustbin of history.


Bye bye Bill. More taxes and

Bye bye Bill. More taxes and more spending. About what i'd expect.

Good job, Michael. I think

Good job, Michael. I think there are many more surprises about Bill White. Texans need to pay attention! White is trying to peddle back to the center, but he can't hide all of his warts!!

Eh. You want to keep your

Eh. You want to keep your nice things (roads, schools, parks) then you have to pay for them. Cut budgets mean cut services. I could stand to pay a little more in taxes if it means I continue to enjoy the things I'm accustomed to.

I'm wondering if you take

I'm wondering if you take income tax deductions? Do you send extra money to the Texas treasury? Ever stop by the county tax assessor-collector and give them cash you found in the sofa? Just love liberals and libertines who want everyone ELSE to pay higher taxes.

Yes I take deductions. Just

Yes I take deductions. Just like every other taxpayer. Nor do I pay taxes I'm not required to. At the same time I'm willing to pay more if it means certain services stay around, or stay above some minimum level of quality. Since these benefit all taxpayers, I expect all taxpayers to participate in their support, unless doing so would represent an undue burden.

My household income exceeds that of 85% of U.S. households, so I'm likely to feel any tax increase. I say this not as a boast, but to point out that I'm not someone whose income is so low that any tax increases aren't likely to be noticeable.