Senate President Arnold I. Palacios, And Public Finances?

Despite the elevating taxes, many people argue that Texas has a very low combined state and local tax burden. This is only true at the state level, but at the local level Texas has a very high tax burden - 9th in sales tax per capita and 15th in property tax per capita (Lavine 15). The state managed to portray this image only because Texas pushes funding obligations down to the local level, such as public education. For this reason, cities such as Houston must implement high property taxes to ensure adequate funding for police enforcement, public transportation, and education. Because of the tremendous shortfall this year, the city of Houston resorted to layoff teachers and security personnel to meet budget requirements. Therefore, instead of continued tax hikes or sacrificing much needed state services, why not allow for casino gambling as an alternative source of revenue for the state? The direct economic impact of casino gambling is clear by looking at our neighboring states.

Small businesses that are unable to physically flourish can take

One of the important notes from the economic crises that took place is high operation leverage was a detriment to Home Depot. The fixed cost in the Home Depot case was high and as sales slipped this caused a dramatic change in the organization's overall profitability and earnings.

Given the critical circumstances the United States economy faces today, the current fiscal policy, in addition to the changes that will be made in the future, is under intense scrutiny. During the Obama administration, which will soon come to an end in about six months, a variety of policies were created in attempts to create employment, raise our GDP, and boost the state of the economy, among other ideas. The fiscal policies created by Congress and the President demonstrate success in some areas, while failing in other areas, as many, including myself, would argue. As the 2016 election quickly approaches, it is important to remember previous fiscal mistakes and successes, and the current economy, in order to better grasp what will be necessary for a successful fiscal policy in the future.

On the floor of the Senate on January19-27, 1830, Senator Daniel Webster of Massachusetts argued that the states should be considered as one nation (Webster, 178). In response, Senator Robert Hayne of South Carolina argued that the states should be able to interpose and or nullify the federal government and its laws when they thought necessary to protect their citizens’ rights. (Hayne, 166). Overall, Senator Webster’s argument was better because he pointed out that although join the federal government may seem risky, it overall goal is to ensure a stronger nation for the people.

Full-blown Casinos: House Bill 1724 by Jose Menendez (R-San Antonio) and Jim Pitts (R-Waxahachie), as well as its Senate version by Sen. Rodney Ellis (D-Houston) would establish full-blown casino

This week’s topic focused on the executive branch of California, more importantly, we discussed how California executive branch is different from the federal government’s executive branch because California has a “plural executive”. A “plural executive” is when the power of the executive branch just doesn’t go to one person it is split between elected individuals that are within the branch (CA Executive Branch.1:05-1:26). This differs from how the executive branch on the federal level because the president gets to pick who is in the executive branch with him/her. While the “plural executive” give more power to the people and allows us to choose who we would like to see with tour state’s executive branch. This can be both a positive and negative because

This results in unused capacity and stronger competition. Therefore it might be difficult for the smaller companies to survive.

“Too Big to fail” was first known in a 1984 Congressional hearing where Congressman Stewart McKinney discussed the Federal Deposit Insurance Corporation’s intervention with Continental IIIinois. The idea interprates that certain financial institutions are so large, if any of them fails, it will bring an unexpected disastrous effect to the economy. As we all known, the 2008 financial crisis had arose the “too big to fail” problem to the peak controversial point. Banks, insurance companies, auto companies are part of the big company industry. They make profit by creating and selling complicated derivatives and trading loans, commodities and stocks. When the big economic environment is prosperous, those big companies make a competitive

The cost as well as the risks involved in large and small organizations cannot measure up.

In an economy which is globalized to such an extent it is difficult to know all the linkings, and the connections between events and institutions are often impossible to predict. Many countries in Eastern Europe, for instance, are still heavily reliant on Greek banks, and if those banks collapse the EU faces the risk of a chain reaction of financial turmoil that could easily spread to the rest of the global economy (TIME, June 29, 2015).

Historically, incrementalism has characterized public budgeting because at its core, budgeting has evolved: increased and decreased through gradual stages within the realm of the political arena. The need for this one step at a time type of response, found within incremental budgeting, would have likely been caused by the known fact that prior to the 1900’s public welfare programs, federal, states, and even city spending did not exist in the way in which is more than obviously observable in today’s society simply because America did not employ an actual budgetary system. Therefore, as with any unchartered territory, it was approached in stages, with caution, a little at a time in response to the growing needs of the public. Aaron Wildavsky made this case in his book “The politics of the budgetary process,” when he pointed out “budgeting is incremental, not comprehensive. The beginning of wisdom about an agency budget is that it is almost never actively reviewed as a whole every year in the sense of reconsidering the value of all existing programs as compared to all alternatives. Instead, it is based on last year’s budget with special attention given to a narrow range of increases or decreases.” (Wildavsky 1964, p. 15)

When walking into “The Strip” in Las Vegas, an instant feel of excitement rushes up. The flashy neon lights paired with glimpses of amazing acrobatics on gigantic screens easily brings up the energy of tourists, businessmen, and gambling addicts. You may wonder how a once stranded desert can transform into such a paradise of skyscrapers. The answer lies in casinos.

Size is not the medicine when firms fail. For example, Fujian [2004], using a list of broken Japanese companies in 1997 ([Bouchaud, 2003]) has drawn the failure of some firms regardless of size. When business growth is supported by debt to risk exposed is superior because it threatens both the creditor losses as the lender. Size growth combined with rising debt can lead to colossal failures. It's like traveling with suicide pilots that guide aircraft dynamited. By taking unsustainable growth strategies with negative externalities, people end up paying higher costs.

In this case some big companies dominate the whole industry and as a result the small companies