Texas Creates More Jobs than any other State

Not all news is bad news on the employment front. According to CBSDFW.COM, “North Texas stands out as one of the few bright spots after a disappointing jobs report showed U.S. unemployment ticked up again in the month of April.” According to reports, the entire country added slightly more than 50,000 jobs last month but North Texas has an estimated 83,000 more jobs than it did last year at this time.

Even Fox News hosts highlighted the success of Rick Perry’s state, touting his job creation record as a top selling point for a potential GOP run for the White House in 2014. On a news report last week, Fox and Friends noted that Texas had created over 213,700 jobs in the last two years. Conservative co-host Gretchen Carlson believes this can be attributed to the state’s attitude of “lowering taxes and regulations.”

Critics of Rick Perry contend that some of his methods to lure business have been controversial and he may have used taxpayer-funded subsidies, including Texas Enterprise Fund (TEF) and Texas Emerging Technology Fund (ETF), to lure businesses from other states.

Some economists are also critical of the types of jobs created in the state. The American Independent in an article from June 15 stated, “While employment in Texas has been slightly more plentiful than in other states during the recession, the number of the lowest-paying jobs has also risen sharply in Texas. From 2007 to 2010, the number of minimum wage workers in Texas rose from 221,000 to 550,000, an increase of nearly 150 percent.”

Regardless of the types of jobs which have been created, it is important to note what actions actually help create jobs. Many people understand that it is really about entrepreneurs creating businesses and taking chances selling a service or product for more than it costs to make. It is about hiring workers and increasing the productivity of our great nation. How can this most easily be accomplished? It can be accomplished by eliminating unnecessary government regulations.

According to recent new polls, many voters agree that the Federal government regulations are an economic threat and will not help the economy. By a margin of 55 to 36 percent, voters agreed that the Federal Government had instituted too many regulations. Republicans held the highest percentage of those who were concerned about regulations by a margin of 77 to 16%.

Most Americans give little thought to job creation and Federal Government regulatory practices, but they are concerned if they lose their job, if they lack affordable medical care or if the cost of goods rises faster than their real wages. Many Americans are facing bankruptcy and need real solutions now.

Filing for Bankruptcy Protection

If you are facing a financial crisis and you need help, bankruptcy protection may be the answer. Bankruptcy is a serious financial decision and should not be done without first consulting with a bankruptcy lawyer.

Bankruptcy lawyers have helped thousands of clients make a fresh financial start. Filing for Chapter 7 Bankruptcy will allow most qualifying debtors to discharge most of their unsecured debt (medical bills, credit card payments, unsecured loans). Filing Chapter 13 Bankruptcy will allow qualifying debtors to create a 3 to 5 year bankruptcy repayment plan to repay creditors, often with more favorable debt repayment terms.

Does filing bankruptcy discharge all debts? No, while it can stop a home foreclosure, bank account levy, wage garnishments and property repossession, bankruptcy does not eliminate all debts. Certain tax obligations, student loans, child support payments, and spousal support payments will not be discharged by filing for bankruptcy.

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Beth

Beth L. is a content writer for Better Bankruptcy. Good content and information is one of many methods we utilize to bring you the answers you need.