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Ah, no.

In 2011, Texas had a GDP of $1.4 Trillion. It's State-held debt was approximately $40 Billion based on the last Comptroller's report. That's 2.7%.

All of the "Sky is Falling" and "Perry's spending us into oblivion" articles are written by clowns who aren't interested in FACTS. They go to some figure-gathering database website like usgovernmentspending.com, look at the totality of Texas' debt (which includes both State and Local Government debt) and make half-assed assumptions based on that. Most of these clowns are Yankees or Yankee transplants. Don't fall for their crap.

I serve on a Committee that helped adjust for the budget shortfall this year in my local ISD by eliminating whole departments of people. We don't raise taxes down here, we CUT spending, because Texas MUST have a balanced budget. Unlike the fool in the White House, we honor our State Constitution.

Interesting. I've read several articles stating that Texas had a deficit and has fairly large debt. It's good to here that Texas is sticking to its guns. We have tons of issues here in California but San Diego is one of the most conservative cities. Still, we have serious budget problems here and the pention issue is going to crush us al if we don't get it under control.

Glad to hear Texas is walking the walk. Hopefully other states will begin to model after a working government instead of insisting on perpetuating the fail.