50 States And Their Debt

I’m seeing an internet hit piece that is conveying a lot of false information (if it is on the internet it must be true, right?) about Texas debt. Texas is a big state, so it is going to have a bigger debt than say, Tennessee. What is important, is the ratio to the state’s GDP. Tennessee ranks 50th (the lowest) and Texas 48th. In other words, Tennessee and Texas are in great shape financially.

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