Will the TX economy lift UT in the rankings?

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ResolutePear
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Re: Will the TX economy lift UT in the rankings?

Postby ResolutePear » Mon Jan 31, 2011 12:50 pm

vanwinkle wrote:
RPK34 wrote:You laugh now, but when Vandy kids are kicking ass and taking names in Texas markets after they jump UT, you'll see.

--ImageRemoved--


FTFY.

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AreJay711
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Re: Will the TX economy lift UT in the rankings?

Postby AreJay711 » Mon Jan 31, 2011 12:56 pm

Patriot1208 wrote:http://www.theatlantic.com/business/archive/2010/10/the-best-and-worst-performing-state-economies-in-america/64307/#

This is an ok study. In it, Texas ranks 36th in the country with pretty average numbers and the highest percentage of people in the country without a high school diploma.

The biggest surprise in that article: California finishes 49th, not 50th.

Quoted for MD having highest median income 8)

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Patriot1208
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Re: Will the TX economy lift UT in the rankings?

Postby Patriot1208 » Mon Jan 31, 2011 1:01 pm

AreJay711 wrote:
Patriot1208 wrote:http://www.theatlantic.com/business/archive/2010/10/the-best-and-worst-performing-state-economies-in-america/64307/#

This is an ok study. In it, Texas ranks 36th in the country with pretty average numbers and the highest percentage of people in the country without a high school diploma.

The biggest surprise in that article: California finishes 49th, not 50th.

Quoted for MD having highest median income 8)


I was shocked that the median income was so high for maryland because the majority of the state is bumfuck nowheresville.

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AreJay711
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Re: Will the TX economy lift UT in the rankings?

Postby AreJay711 » Mon Jan 31, 2011 1:07 pm

Patriot1208 wrote:
AreJay711 wrote:
Patriot1208 wrote:http://www.theatlantic.com/business/archive/2010/10/the-best-and-worst-performing-state-economies-in-america/64307/#

This is an ok study. In it, Texas ranks 36th in the country with pretty average numbers and the highest percentage of people in the country without a high school diploma.

The biggest surprise in that article: California finishes 49th, not 50th.

Quoted for MD having highest median income 8)


I was shocked that the median income was so high for maryland because the majority of the state is bumfuck nowheresville.

Yeah, unless you drive along 495 or 270 which is one giant metro area between DC and Baltimore. I bet if you take out MoCo it would drop to about the national median - north of DC all the way to Rockville is chock full of rich people.

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Patriot1208
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Re: Will the TX economy lift UT in the rankings?

Postby Patriot1208 » Mon Jan 31, 2011 1:12 pm

AreJay711 wrote:
Patriot1208 wrote:
AreJay711 wrote:
Patriot1208 wrote:http://www.theatlantic.com/business/archive/2010/10/the-best-and-worst-performing-state-economies-in-america/64307/#

This is an ok study. In it, Texas ranks 36th in the country with pretty average numbers and the highest percentage of people in the country without a high school diploma.

The biggest surprise in that article: California finishes 49th, not 50th.

Quoted for MD having highest median income 8)


I was shocked that the median income was so high for maryland because the majority of the state is bumfuck nowheresville.

Yeah, unless you drive along 495 or 270 which is one giant metro area between DC and Baltimore. I bet if you take out MoCo it would drop to about the national median - north of DC all the way to Rockville is chock full of rich people.


Ya, I lived in the Arlington area, and used to drive through maryland when I went back to my parents house. Outside of the DC Metro area and baltimore, maryland is indistinguishable from west virginia.


schween
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Re: Will the TX economy lift UT in the rankings?

Postby schween » Mon Jan 31, 2011 1:34 pm

HowdyYall wrote:http://www.nytimes.com/2011/01/07/opinion/07krugman.html


"No, Paul Krugman, Texas Is Not Broke"

http://www.nationalreview.com/exchequer ... -not-broke

sheD
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Re: Will the TX economy lift UT in the rankings?

Postby sheD » Mon Jan 31, 2011 10:50 pm

The budget problems actually have a lot more to do with the structural deficit caused by a gigantic property tax cut that the Republican state leadership passed in 2006 than biennial budgeting. The state Supreme Court ordered the legislature to lower the property tax rate, and they tried to replace most of the revenue with a business tax that has woefully underperformed. A good chunk of the cut was always supposed to come from GR, though, so I think the "structural deficit" term is justified. The deficit for this biennium is sitting at around $24-27 billion if we were to continue existing services, which obviously will not happen. Available GR is $15 billion below 2010-11, and the first version of the budget is brutal. We will definitely see significant cuts to education and health care. Health care cuts hit the state particularly hard in the short term, since we lose federal revenue. Of course, you also have to consider that the level of state spending is already incredibly low per capita - so you're not cutting "fat," you're chopping off a leg. The only saving grace is the rainy day fund, which is definitely something the state did right. There's about $9 billion in there, but I think it's highly unlikely that legislators will vote to spend more than half of it.

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emhellmer
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Re: Will the TX economy lift UT in the rankings?

Postby emhellmer » Tue Feb 01, 2011 11:19 am

sheD wrote:Of course, you also have to consider that the level of state spending is already incredibly low per capita - so you're not cutting "fat," you're chopping off a leg. The only saving grace is the rainy day fund, which is definitely something the state did right. There's about $9 billion in there, but I think it's highly unlikely that legislators will vote to spend more than half of it.


State of Texas Human Services employee here. Word around the (worried) office is that they are not going to use the rainy day fund at all. They are just going to cut our services, possibly passing a 2-day a month furlough. Oh yeah, my program gets gets federal funding, but we have to BILL medicaid to get it. Which means we have to work. We're already on a hiring and wage freeze. Last I checked Texas came in near dead last in terms of turnaround time for SNAP and TANF distribution. All those poor three year olds need to pull themselves up by their bootstraps, don'tcha know? :roll:

Whatever, I'm not going to be here come August anyway :mrgreen: All that said, the Texas legal market is still going strong and looks like it may surpass a lot of other markets out there. The cost of living is also low, yet the biglaw firms in Houston pay the same as the biglaw firms in New York. I'd imagine this state is going to become much more attractive to law students in the coming years.

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awilson11
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Re: Will the TX economy lift UT in the rankings?

Postby awilson11 » Wed Feb 02, 2011 5:02 pm

Renzo wrote:
niederbomb wrote:Let's face it. Many of the best law schools are in socialist states.

Seriously. Fuck New York and all those commies on Wall Street. And don't even get me started on those pinkos in Silicon Valley. Finance and technology are dead industries; from here on out, the real economic growth is going to be in depletable resources.

Most Wall Street firms have large branches in Texas to take advantage of the tax structure, and Dallas is turning into a major venture capital destination (with a lot of Silicon Valley money flowing into it).

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emhellmer
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Re: Will the TX economy lift UT in the rankings?

Postby emhellmer » Wed Feb 02, 2011 5:20 pm

awilson11 wrote:
Renzo wrote:
niederbomb wrote:Let's face it. Many of the best law schools are in socialist states.

Seriously. Fuck New York and all those commies on Wall Street. And don't even get me started on those pinkos in Silicon Valley. Finance and technology are dead industries; from here on out, the real economic growth is going to be in depletable resources.

Most Wall Street firms have large branches in Texas to take advantage of the tax structure, and Dallas is turning into a major venture capital destination (with a lot of Silicon Valley money flowing into it).


Also, Austin has long had a concentration of high-tech firms. Also, that port in Houston isn't going anywhere. Also, everyone knows that Dallas is full of yankee bankers.

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awilson11
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Re: Will the TX economy lift UT in the rankings?

Postby awilson11 » Wed Feb 02, 2011 7:25 pm

emhellmer wrote:
awilson11 wrote:
Renzo wrote:
niederbomb wrote:Let's face it. Many of the best law schools are in socialist states.

Seriously. Fuck New York and all those commies on Wall Street. And don't even get me started on those pinkos in Silicon Valley. Finance and technology are dead industries; from here on out, the real economic growth is going to be in depletable resources.

Most Wall Street firms have large branches in Texas to take advantage of the tax structure, and Dallas is turning into a major venture capital destination (with a lot of Silicon Valley money flowing into it).


Also, Austin has long had a concentration of high-tech firms. Also, that port in Houston isn't going anywhere. Also, everyone knows that Dallas is full of yankee bankers.

+1
Also, the new census showed, people are moving TO Texas and away from places like NY, MA. And anecdotally, from CA, businesses are moving out while people are moving in (not a good thing).

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vanwinkle
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Re: Will the TX economy lift UT in the rankings?

Postby vanwinkle » Wed Feb 02, 2011 8:10 pm

Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.

TigerBeer
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Re: Will the TX economy lift UT in the rankings?

Postby TigerBeer » Wed Feb 02, 2011 8:47 pm

niederbomb wrote:Let's face it. Many of the best law schools are in socialist states that can't manage money in spite of stifling taxes

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Pricer
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Re: Will the TX economy lift UT in the rankings?

Postby Pricer » Wed Feb 02, 2011 8:55 pm

vanwinkle wrote:Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.


That is one of my biggest concerns about living in Texas. I hear Austin is pretty liberal, though.

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bk1
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Re: Will the TX economy lift UT in the rankings?

Postby bk1 » Wed Feb 02, 2011 8:56 pm

vanwinkle wrote:Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.

:lol:

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Patriot1208
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Re: Will the TX economy lift UT in the rankings?

Postby Patriot1208 » Wed Feb 02, 2011 10:38 pm

Pricer wrote:
vanwinkle wrote:Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.


That is one of my biggest concerns about living in Texas. I hear Austin is pretty liberal, though.


One of your biggest concerns is being alone after the rapture? You can still repent, you know.

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ResolutePear
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Re: Will the TX economy lift UT in the rankings?

Postby ResolutePear » Thu Feb 03, 2011 12:27 am

Patriot1208 wrote:
Pricer wrote:
vanwinkle wrote:Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.


That is one of my biggest concerns about living in Texas. I hear Austin is pretty liberal, though.


One of your biggest concerns is being alone after the rapture? You can still repent, you know.


Rapture? In America? lolwut!

Almost everybody in America has masturbated or had sex for pleasure. Those who haven't.. well - nobody's going to know they're gone.


...True story.

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dr123
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Re: Will the TX economy lift UT in the rankings?

Postby dr123 » Thu Feb 03, 2011 12:33 am

rad law wrote:
Aqualibrium wrote:Better question, and oh do I get sick of asking it: If Texas rises, falls, or stays the same in the rankings, will it matter? What will change besides a number on a magazine page?


This.


Yea, I don't think employers start recruiting at a school because it moved up a few spots on us news rankings

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Patriot1208
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Re: Will the TX economy lift UT in the rankings?

Postby Patriot1208 » Thu Feb 03, 2011 12:43 am

ResolutePear wrote:
Patriot1208 wrote:
Pricer wrote:
vanwinkle wrote:Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.


That is one of my biggest concerns about living in Texas. I hear Austin is pretty liberal, though.


One of your biggest concerns is being alone after the rapture? You can still repent, you know.


Rapture? In America? lolwut!

Almost everybody in America has masturbated or had sex for pleasure. Those who haven't.. well - nobody's going to know they're gone.


...True story.


I only have sex for procreation.

TigerBeer
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Re: Will the TX economy lift UT in the rankings?

Postby TigerBeer » Thu Feb 03, 2011 12:57 am

i only masturbate for procreation

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ResolutePear
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Re: Will the TX economy lift UT in the rankings?

Postby ResolutePear » Thu Feb 03, 2011 1:56 am

Patriot1208 wrote:
ResolutePear wrote:
Patriot1208 wrote:
Pricer wrote:That is one of my biggest concerns about living in Texas. I hear Austin is pretty liberal, though.


One of your biggest concerns is being alone after the rapture? You can still repent, you know.


Rapture? In America? lolwut!

Almost everybody in America has masturbated or had sex for pleasure. Those who haven't.. well - nobody's going to know they're gone.


...True story.


I only have sex for procreation.


Any good lawyer-to-be on this forum is going hell. You know, the whole lying thing. Chances are people lied to just get into law school on their personal statements (I want to become a lawyer to save raping dolphins, etc.)

Besides, I said it was a true story. I'm holding on to that.

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awilson11
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Re: Will the TX economy lift UT in the rankings?

Postby awilson11 » Thu Feb 03, 2011 3:28 pm

Pricer wrote:
vanwinkle wrote:Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.


That is one of my biggest concerns about living in Texas. I hear Austin is pretty liberal, though.

because we all know Christians only live in Texas

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emhellmer
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Re: Will the TX economy lift UT in the rankings?

Postby emhellmer » Thu Feb 03, 2011 7:08 pm

Pricer wrote:
vanwinkle wrote:Also, in Texas they accept the Lord Jesus Christ as their Savior, so when the rapture comes and they get summoned up to Heaven, you can have their stuff.


That is one of my biggest concerns about living in Texas. I hear Austin is pretty liberal, though.


Don't let the conservative reputation of Texas scare you off. A) Austin is like San Francisco, only with Willie Nelson and B) There are ignorant people everywhere *cough cough*

Besides, a good portion of schools in the country are going to be adopting the textbook revisions demanded by the Texas school board, so being in another state won't save your children. Hopefully you'll make enough money as a lawyer to send your kids to private school.




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