Friday, April 8, 2011
During the recession of the last few years, Texas has seen some success compared to many other states. We've created more jobs than any other state in recent years, and our unemployment rate has been well below the national average of approximately 9%. We've also kept taxes lower than most. But all of these benefits may have attracted more people than Texas' infrastructure can handle. While we've created the most jobs, the state's population has grown by 4.3 million in the last decade, creating the need for more jobs than we could ever fill. As a result, unemployment has risen to 8.3%, and we're starting to see budget cuts that could seriously harm things like education and healthcare. Texas' budget was already thrifty; geared more toward growth and fiscal discipline than the aforementioned social issues. While this attitude has worked for quite some time, we may need to restructure to end this dilemma. If this cycle continues, the state will no longer be able to afford its low tax rate due to unemployment, and the education cuts certainly won't help this problem.