Leppert also released his taxes for the last three years, which is better than David Dewhurst’s two, but worse than Craig James and Ted Cruz’s five. The Statesman summary: Leppert’s “returns showed adjusted gross income of $1.5 million in 2008, $1.28 million in 2009 and $443, 194 in 2010. In all three years, he paid effective tax rates of more than 21 percent.”
I couldn’t find where Leppert’s returns were online, so I just sent off a query to them.
“California will run out of cash by early March if the state does not take swift action to find $3.3 billion through payment delays and borrowing, according to a letter state Controller John Chiang sent to state lawmakers today.”
Remember this the next time some liberal says that Texas has a budget crises “just like California.” We don’t. The Texas budget battle was like a husband and wife arguing over what to cut back from the household budget to keep putting money in the kids’ college fund. California’s budget crises is like two junkies arguing over whether to sell the baby’s insulin to buy more crack. Texas has never had to worry about whether the lights will stay on or whether the checks the state government writes will bounce or not. Nor will it, as long as the fiscal discipline that comes from having conservative Republicans in charge of the House, Senate and the Governor’s Mansion remains in effect.
The big government, high tax, closed-shop, heavily regulated blue model doesn’t work any more, and whenever you hear that Texas should embrace the California model, what they’re really saying is that big government is so awesome its worth the long-term risk of default and bankruptcy to implement. It isn’t, and it’s not.
A long but informative breakdown of where things stand. The bottom line: The cases are still up in the air, Texas GOP is not directly involved in talks, and February 6 is the last day the case can be resolved and still have an April 3 primary.
A testy exchange between Ted Cruz and Tom Leppert at last week’s Texas Republican Assembly Biennial Endorsing Convention Biennial Endorsing Convention on Leppert’s gay rights parade and ACORN baggage that I, Matt Dowling and whoever was behind the now-silent Race to Replace KBH dug up.
Last week Ted Cruz was on the Glenn Beck Show:
Glenn Beck: “There’s no way you’re ever going to get elected. You make too much sense.”
Craig James appeared on WFAA (again, apologies for their crappy, non-YouTube video embedding):
Ted Cruz, Lela Pittenger and Ben Gambini all appeared at the North Shore Republican Women’s forum in Montgomery County.
Craig James is just fine with a later date for the primary. That piece isn’t particularly information, but I thought I would put it up since they do actually manage to mention all the Republican and Democratic candidates filed for the race, a sharp contrast with other news stories I could name…
The Texas Association of Business will have another Senate candidate forum in Austin tomorrow from 200-3:30 PM. Scheduled to attend are Ted Cruz, David Dewhurst, Tom Leppert and Craig James. I’ve been sending email back and forth with the James campaign to try a find a time to interview him while he’s in town, but it doesn’t look like we’ll find one that matches both our schedules. (It’s a busy time for my day job.) So we might end up doing an email interview instead.
The National Association of Realtors endorses Dewhurst. I’m sure this is a shocking turn of events completely unforeseen by anyone following the race.
Texas Sparkle lends her blog to Kevin Jackson so he can make the case for Craig James. His upshot seems to be that James is a tough competitor. Well, great. But getting your chin stitched up without anesthetic is probably a skill that will never be needed on the senate floor, and Mr. Jackson’s piece seems to be devoid of any actual discussion of political positions.
Of them, Paul Sadler gets endorsed by the AFL-CIO. So that’s a second traditional Democratic interest group Sadler has in his corner along with the legacy news media.
Profile of Democratic candidate Jason Gibson. “Gibson considers himself a mainstream Democrat who believes in lower taxes and efficient government and who supports the Second Amendment. He’s pro-labor, he said, with an abiding interest in worker safety, but still is working to fill in the blanks on most issues. Jobs and the economy, he said, are key. He has hired several well-regarded campaign consultants and has said he is willing to spend into the seven figures.”
If President Hamlet was thinking about helping topple Assad, now would be a Real Good Time to jump off the fence.
Plus, unlike Libya and Egypt, not only would it be very hard for the next government to be worse than the current one. Plus it would be a blow to Iran and Hezbollah, and thus would dramatically improve the possibility of real peace and a stable government in Lebanon.
I had both a wedding and a book release party to attend this weekend, so I haven’t had time until today to note that David Dewhurst and Ted Cruz have followed the lead of Craig James in releasing their tax returns.
The Dewhurst campaign announced they were releasing two years of tax returns (plus estimates for 2011)…and then failed to link to the returns from the announcement. (Perhaps it’s up somewhere on the Dewhurst site, but the lack of a press or social media contact listing makes such information difficult to ascertain.) They can be found at this Texas Tribune page. The Dewhurst campaign seems entirely too comfortable with letting the MSM continue in their role as information gatekeepers rather than allowing voters to access information directly.
And here’s the Tribune’s summary of those documents: “Dewhurst reported a total income of $1.01 million and tax payment of $281,188 in his 2010 report, and a $1.4 million loss and tax payment of $443,646 reported in his 2009 report.”
The Cruz campaign followed suite by releasing five years of tax returns, which can be found here. And here are links to the individual years:
(To be fair to the other candidates, I must note that there seems to be no way to find this from the Cruz website itself. However, unlike Dewhurst, the Cruz campaign is much better at giving contract addresses for the campaign team.)
Once again the Texas Tribune provides the too-lazy-to-flip-through-tax-forms overview: “Over the past five years, Cruz has increased his earnings with every filing. In 2006, he reported an income of $347,716. In 2007, that increased to $395,494. It jumped to $780,198 in 2008, and to $1.5 million in 2009.” Good for him. They also go on to note “With Cruz’s disclosure, this leaves only former Dallas Mayor Tom Leppert among the major Republican U.S. Senate candidates who has yet to release his tax returns.” The Leppert campaign has promised to do so, and it wouldn’t surprise me if it takes a few days to dig out and digitize his tax returns.
If I have time (a commodity in short supply right now), I’ll try to dig through the James, Dewhurst, and Cruz returns for nuggets of insight. Kudos to all three of the candidates for releasing their tax forms, and especially to James for getting the ball rolling.
No word on whether any of the Democrats in the race will follow suit. Maybe no one has asked them yet…
You know the problem with doing one of these roundups on the European Debt Crises? I can search for “Euro” just about anytime of the day and night on Google News and come up with a dozen things I could potentially include. So just consider this a Whitman’s European Despair Sampler of possible bad news, as there’s a lot more where this came from:
European Finance Minsters on Greece’s latest bond offer: REJECTED.
In exchange for bailing out Greece yet again, Germany wants Greece to cede control over its tax rates and budget to an EU commission (i.e., Germany). It’s almost touching, this German naivety that Greeks can actually be compelled to obey German laws when they can’t even be compelled to obey Greek laws even now. But despite the fact that such government dictates would be ignored just like they are now, Greeks are still furious at the proposal. (Hat tip: Ace.)
And if Berlin doesn’t get to call the tune? “Germany and the Netherlands are likely to quit the eurozone rather than swallow an indefinite number of ‘unrequited transfers’ to the union’s crisis-stricken nations.”
What will European currency look like after a Euro-zone breakup? Like this.
Another month, another EuroZone bailout fund. The rules for the New and Improved Euro Bailout Fund is: 1. “Access [will] be made conditional on signing a new treaty on fiscal discipline.” 2. “Countries representing 85 percent of the fund’s capital [will make] decisions instead of unanimity among the eurozone 17 – will only apply to authorise ESM loans from existing funds.” So 1.) We get an entire new set of fiscal discipline guidelines for the PIIGs governments to ignore, and 2. Germany will call the tune, and the rest of the Eurozone will dance. At least until the next shuffling of the fiscal deck chairs.
Well, here’s a headline sure to fill investors with confidence: “From now on, in Europe, everything gets worse.”
Spanish unemployment hits 23.4%. And what happens when austerity means they can no longer pay people not to work? That’s he problem with cradle-to-grave European welfare state: sooner or later you run out of your grandchildren’s money…
The Soviet Union yesterday: “We pretend to work, and they pretend to pay us.” Greece today: “The old dynamic—with Greece pretending to make structural changes and its lenders pretending to save it from default—has become untenable.”
The whole EU illusion has been predicated on the assumption that Greeks can be made to behave like Germans, and that the EU could manage to forge a new, multi-ethnic, post-national identity in 20 years when Belgium hasn’t been able to do it in almost 200.
Cameron caves. Sadly, this behavior is far more in line with his previous record than his brief stint of standing on principle.
House Republicans are working to rescind the $100 billion IMF bailout fund Nancy Pelosi helped create. They may not succeed, but they might force the Obama Administration to defend backstopping the Euro at a time when the federal budget is still hemorrhaging red ink…
Last week: France’s credit rating makes our latest Euro bailout fund rock solid. This week: oops.
The threat of default is also holding up the merger of two Greek banks, maybe because it’s as yet unclear just how they’ll put European taxpayers on the hook for their losses. Once that’s figured out, I’m sure the merger will fly through…
Those bondholders who can’t stick it to taxpayers are looking at 70% losses for Greek debt.
For those of you whom don’t regard paging through an ex-football player’s tax returns an exciting pastime, here’s the executive summary: James earned earned more than $9 million in the past five years, mostly from capital gains on investments. That means he’s Leppert rich, but not Dewhurst rich. Good for him. It’s always nice to see a professional athlete who saved and invested their money wisely, since there are so many who didn’t. He also seems to have given a fair amount to charities over the years.
LinkSwarm, or EuroDoom? LinkSwarm, or EuroDoom? Well, the first link has some of each, but with Davos just starting up, I imagine their will be a nice helping of EuroDoom ready to serve tomorrow, so let’s put up a LinkSwarm today:
Mark Steyn looks at the Costa Concordia sinking and smells a metaphor.
Myth: Newt Gingrich told his first wife he was divorcing her on her hospital deathbed. Fact: They had already agreed to a divorce, Newt was just visiting her, the tumor was benign, and Jackie Battley Gingrich is still alive. But who are you going to believe: Online liberal trolls, or the daughter who was actually in the hospital room at the time?
Jonah Goldberg discusses Newtzilla, but his best barbs are reserved for his opponent: “Romney seems like a creature put on Earth to blend in with the humans and report back what he finds. He clearly likes earthlings, and they in turn find him pleasant enough and surprisingly lifelike.”
Maureen Dowd on on Obama’s cocoon of self-aggrandizing victimization. Like all Dowd’s columns, it focuses on the trivial minutia of the-personal-as-political…and is all the more devastating for it. “The man who came to Washington on a wave of euphoria has had a presidency with all the joy of a root canal…The Obamas, especially Michelle, have radiated the sense that Americans do not appreciate what they sacrifice by living in a gilded cage. They’ve forgotten Rule No. 1 of politics: No one sheds tears for anyone lucky enough to live at the White House. And after four or eight years of public service, you are assured membership in the 1 percent club.”
After 12 months, what has the Arab Spring wrought in Egypt? Cairo Winter: “The reality of the past twelve months, however, has undone whatever high hopes one might have held. Egypt is now headed for radical theocratic, rather than liberal democratic, rule. And a befuddled Obama administration has failed to do anything to stop the coming disaster.” (Hat tip: Michael Totten, who adds: “I know a few Egyptian intellectuals and activists who are authentic liberals, but they’re not remotely a majority. The percentage of Egyptians who genuinely support most or all the tenets of Western-style liberal democracy is in the high single digits at best.”)
Japan suffers its first trade deficit since 1980. Remember all those stories from the 1980s about how Japan was going to take over the world? They were very similar to the ones we were getting about China just a few years ago…
Hat tips: Ace, Insta, The Corner, and the usual suspects.
Time for another update. And since none of the Republicans liked the Keystone Pipeline decision, or Obama’s State of the Union address, I’m not going to list each individual reaction here.
A roundup piece from the Ft. Worth Star Telegram, in which we learn that the academics that MSM reporters usually go to for consensus wisdom say that Tea Party influence is on the wane. Imagine my shock.
Mark Davis of WBAP talks to Michael Quinn Sullivan of Empower Texas about both the Texas redistricting decision and the senate race:
Robert T. Garrett of The Dallas Morning Newsreports that David Dewhurst pledged to serve only two terms in the Senate if elected. As Garrett notes, Ted Cruz and Tom Leppert have also pledged to support term limits. Also, since I have been fairly critical of Garrett’s reporting on the race, I should point out that there seems to be neither errors nor sneers in this piece.
Somehow I overlooked this Garrett piece from 12 days ago where Craig James admits to taking “insignificant” amounts from boosters in his SMU days.
Also in the DSM, John David Terrance Stutz notes that David Dewhurst is preparing a state senate agenda that just happens to dovetail nicely with his U.S. senate race themes. Including “the potential negative repercussions of Obamacare and Sharia law.”
Another poll done for the David Dewhurst campaign comes to the startling conclusion that the David Dewhurst campaign is awesome. As I previously discussed, the partial results of secret polls leaked to the media without full disclosure of the complete results, including the questions asked, the sample size, the screening criteria, etc., is essentially meaningless spin. In fact, I just sent a query off pollster Michael Baselice asking for that information. I’ll let you know if I get a reply…
Addison also announced he would be at the East Texas Conservative candidate forum in Tyler Friday, January 27. Say what you will about Addison, but I don’t think I’ve ever seen a longshot candidate keep up such a hectic schedule.
Ben Gambini doesn’t seem to have a website yet, but he does have a Facebook page. Judging from the graphic he put up there, he seems to be running mostly as a social conservative.
Democrat Addie Dainell Allen also has a Facebook page, where she seems to be going by Addie D. Allen.
Still can’t find campaign web presences for Dr. Joe Agris or Charles Holcomb.
Via email, longshot, non-filed Democratic candidate Virgil Bierschwale indicated he could not afford the filing fee, and thus is out of the race.
Via email, longshot, non-filed Democratic candidate Stanley Garza indicated he was giving up his campaign for 2012. Which brings up the question: Will he return that $1 of unspent campaign contributions?