Seriously? Texas ranked as the 13th best-run state in America, far behind ...North Dakota
While I'm proud as hell to call the Lone Star State home, the news that a recent analysis by 24/7 Wall Street puts Texas as the No. 13 best-run state in the United States seems comical — and, frankly, terrifying.
Perhaps they overlooked who's living in the Governor's Mansion for the study, wherein analysts "reviewed hundreds of data sets from dozens of sources," looking at each state's fiscal management, resource administration and relative resident prosperity to determine the ranking.
That data doesn't lie: The economy grew by 3.3 percent in 2011, an increase larger than all but three other states; the state's debt per capita is just $1,679, the sixth lowest nationally; its unemployment rate is 7.9 percent, tied for the 23rd lowest; and the median household income is $49,392, the 25th highest.
Meanwhile, according to the data, Texas' budget deficit is 20.9 percent (the 16th largest in the nation), and residents living below the poverty line account for 18.5 percent of the population (the 11th highest).
"The high-ranking states all have well-managed budgets," says the site, which maybe didn't take into account Texas' Great Budget Shortfall of 2011.
North Dakota took the No. 1 spot in the ranking, followed by Wyoming, Nebraska, Utah and Iowa. Predictably, California took the title of the worst-run state for the second year in a row.