Steven Malanga, Dallas Morning News

Deep In Heart of Texas Debt

Though Texas has rightly earned kudos for its balanced budgets and its high-powered, business-friendly economic environment, it has an emerging debt problem. From money borrowed to build extravagant sports facilities to rising obligations for government workers’ pensions, Texas’ state and local debt is increasing at a faster rate than its gross state product, raising fears about the burden on future generations.

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