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From 2001 to 2010, state debt alone grew from $13.4 billion to $37.8 billion, according to the Texas Bond Review Board. Thats an increase of 281 percent. Over the same time, the national debt rose almost 234 percent.
Despite Perry’s Tough Budget Talk, Texas’ Debt Growing Faster Than The Nation’s | ThinkProgress
For all the controversy over the national debt ceiling, here's a surprise: Since 2001, the debt load in conservative Texas has grown faster than the federal debt.
Texas has been borrowing more than most other states, too. And local entities, from cities to school districts to transit authorities, have been piling up even more debt.
From 2001 to 2010, state debt alone grew from $13.4 billion to $37.8 billion, according to the Texas Bond Review Board. That's an increase of 281 percent. Over the same time, the national debt rose almost 234 percent, with two wars, two tax cuts and stimulus spending
Read more: Texas' debt growing at faster rate than U.S. government's | Mitchell Schnurman | Dallas ...
Despite Perry’s Tough Budget Talk, Texas’ Debt Growing Faster Than The Nation’s | ThinkProgress
For all the controversy over the national debt ceiling, here's a surprise: Since 2001, the debt load in conservative Texas has grown faster than the federal debt.
Texas has been borrowing more than most other states, too. And local entities, from cities to school districts to transit authorities, have been piling up even more debt.
From 2001 to 2010, state debt alone grew from $13.4 billion to $37.8 billion, according to the Texas Bond Review Board. That's an increase of 281 percent. Over the same time, the national debt rose almost 234 percent, with two wars, two tax cuts and stimulus spending
Read more: Texas' debt growing at faster rate than U.S. government's | Mitchell Schnurman | Dallas ...