Maybe you haven't been following current events, but the US is running up debts it can't pay either. Texas is in a far better place, as are most of the red states. At some point a lot of states and their citizens are going to get really tired of carrying that debt for the blue state spenders.
Texas, as a state has long had a foreign policy that sought more than average federal spending in that state. Ron Paul in particular was the highest ranking Congress critter in bringing earmarks to his district, though he pretended that he didn’t vote for them (swapping votes with others was how he maintained that fiction).
Texas a a state shares in the 16 trillion dollar debt of the US, and the 122 Trillion dollar unfunded liability that is our ‘entitlements’ programs. I know you don’t want to count that.
“Aside from that, Mrs. Lincoln, how was the play?”