Current Texas House Speaker Joe Straus, just like Barack Obama, believes "you can't cut your way to prosperity."
This, of course, is a self-serving economically-illiterate lie that Joe Straus is pushing as a smokescreen to raise your taxes.
Back in August, I addressed this phenomenon at the national level:
A long time ago, economists identified a phenomenon called crowding out. Crowding out is a fancy-pants, highfalutin' term that means when Washington D.C. spends us into oblivion, there's less money left for businesses and consumers to consume and invest as they see fit. Given that Business Investment is the primary driver of economic growth, any action that restrains Washington D.C.'s ability to crowd out business investment promotes economic growth and productive employment.Substitute the word Austin for Washington D.C. and you understand why the notion that "you can't cut your way to prosperity" is just as big of a lie when it's said by Joe Straus as it is when it's said by Barack Obama.
The number one way to restrain Austin's ability to crowd out business investment is the Texas Budget Compact, which Joe Straus dogmatically opposes.
That's why Cahnman's Musings supports Bryan Hughes for Texas House Speaker!!!