A Future Like Texas?

Texas is the poster child for Republican governance.

The truth is that the Texas state government has relied for years on smoke and mirrors to create the illusion of sound finances in the face of a serious structural budget deficit; that is, a deficit that persists even when the economy is doing well. When the recession struck, hitting revenue in Texas just as it did everywhere else, that illusion was bound to collapse.

When you refuse to raise taxes at all costs, you have to do some fancy accounting to make the books look good. There's always a price to pay in the end and it isn't pretty. If Republicans ever come to power again in DC we can expect the nation to go the way of Texas.