It probably has a 'universal motor', kind of like a circular saw or router, so it probably wouldn't hurt it. I'd check craigslist.com or something like that to see if you can get a beefier saw for cheap.
Just checked a couple listed today 'near' you, lots of table saws, even one under $100
http://dallas.craigslist.org/tls/349084962.html
This one might be even more fun for you -- a free router table!
http://dallas.craigslist.org/tls/349112081.html