The headline at Texas Watchdog was ominous: Texas third in total state debt, low by per-capita measure; across all the states, underfunded liability shoots to $3.5 trillion
Yikes! I thought, dang, the naysayers are right! Texas is buried in debt! Oh no!
But then I read the headline again – buried in the middle was this: low by per-capita measure. And buried in the story was this:
When population is factored in, the picture in Texas improves.
Ya don’t say. In fact, as the article eventually points out, Texas ranks 45th in per-capita debt. As in, near the bottom. For those of you in Pasadena, that means we are doggone great! But that didn’t stop idiots from Tweeting stuff like this:
BayAreaHouston12:02pm via Twitter for iPhone
Which I corrected to read:
dpjennings1:40pm via HootSuite
Gotta love Twitter – correcting the idiots in real time.
Although the vulgar dude that has the @BayAreaHouston account doesn’t understand simple math, thankfully, Governor Perry, Lt. Gov. Dewhurst, and Speaker Straus do. We must remain a low debt state to keep our economy growing. Hopefully, after the next session, we can take 50th away from Tennessee. There is no glory in being in debt.