Unfortunately, there's not much that can be done about the drought. Texans... and Texas businesses... can move east. Louisiana continues to receive huge amounts of rain.
The problem is temporary, though the population growth trend in the state is probably not. I haven't heard whether Texas is heavily reliant upon water from other states - the way California is.
Now THERE's a disaster waiting to happen. What's California going to do if Arizona ever cracks down on the siphoning of Colorado River water??

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months