quote:
Listen, you're not fooling anyone. You've been rooting for a collapse in oil prices for a long while now. Don't act like you are just a detached observer.

I don't give a damn one way or the other. I benefit mildly, but not substantially from lower oil prices. My line of work isn't greatly affected in either direction. I do like jerking the chain of a state that generally thinks its shite doesn't stink. And I certainly do understand the schadenfreude of those who have suffered under high oil prices for a long time now that the shoe is on the other foot. But do I personally benefit? Not much.

quote:
That is not correct.

Okay.

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Posted by texashorn

Member since May 2008

13122 posts

Posted on 3/31/15 at 12:28 am to Jim Rockford

Personally, I think lower oil prices are great. I don't mind being selfish in that regard.

If oil-based taxes crimp the state's coffers, then that's when I think you'll see the difference between Texas and many other states: the willingness to cut spending to live within its means.

The Texas Legislature cut funding for public schools a few years back, and the left pissed and moaned to high heaven. The left continues to bitch about not taking the federal Medicaid expansion.

Like Gov. Perry said about the huge surplus the last time the Legislature met in 2013 (I don't like him, but hey)... news of the surplus was "the equivalent of ringing the dinner bell" for special interest groups. The Texas rainy-day fund has grown. Texas will weather this storm, like it always has.

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