Professor Elam

Tuesday Mar 2 2010

It seems that Americans are not receiving more govt benefits than they are paying collectively in taxes, will that work?

The problems of course are concentrated in a few big states, read about that at Forbes.

I am sure that all my talk about the deteriorating economy has students perplexed. After all, Texas is one of the five best states economically, which is why I expect Perry to trounce Kay today at the polls. But students please understand that those five states expect us in the five good states to pay for their failing to save for the proverbial rainy day. And that is the real problem. And those states have huge populations including CA NY IL.  A Kentucky Senator just yesterday blocked an attempt to extend unemployment benefits, now going on what, 99 weeks in some states. Well how long do we pay people not to work?

Frankly I cannot think of a much better spot to endure what is ahead than San Antonio, TX, a sunny city with a very well diversified economy, spread out over a large area that make the traffic at least navigable, now if only I 35 did not run down East Loop 410…..