Texas A&M-Commerce economics professor Dr. Dale Funderburk reflects on a recent USA Today article that compares the economic status of each U.S. state with a particular country. Texas' Gross Domestic Product (GDP) of $1.6 trillion compares with Russia. Dr.
Dr. Dale Funderburk, Texas A&M-Commerce economics professor, says with so many concerning stories in the news, one worrisome situation that's not getting the attention it deserves is the national debt.
Dr. Dale Funderburk, Texas A&M-Commerce economics professor, discusses news that the Texas Legislature will have close to $9 billion more in funding over the next two years thanks to the booming Texas economy. But the state comptroller says there are "IOUs" against that revenue that must be met before new spending can be approved.