Op-Ed Columnist

The Texas Omen

By PAUL KRUGMAN
Published: January 6, 2011

These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas.

Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? Didn’t its governor declare, during his re-election campaign, that “we have billions in surplusâ€