Election Night Talk on TX Comptroller Race

I joined my colleague at the San Antonio Express News to discuss the incoming Comptroller, as well as the fate of the controversial Texas Enterprise Fund.

Broadcast live streaming video on Ustream

 

The TL;DR Summary –

1. Susan Combs deserves credit for shedding light on state finances, such as county debt and school district debt.

2. Glenn Hegar ran as a politician, not a technocrat, to replace Susan Combs as Comptroller. That’s not my preferred style.

3. Conservatives and Liberals in Texas should find common ground to critique “Economic Development” programs like the Texas Enterprise Fund.

4. But because the TEF offers power to the Gov, Govt Lite, and House Speaker, it will probably continue.

 

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I founded Bankers Anonymous because, as a recovering banker, I believe that the gap between the financial world as I know it and the public discourse about finance is more than just a problem for a family trying to balance their checkbook, or politicians trying to score points over next year’s budget – it is a weakness of our civil society. For reals. It’s also really fun for me.

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