Prosapia bicincta (Two-Lined Spittlebug).
 
 
 
Size: approx. 10 mm. Photo: 05/23/12, 10 pm.


Two-Lined Spittlebugs (Prosapia bicincta) have two characteristic red or orange lines crossing their wings. Also their eyes are red. Nymphs of this species are covered by a foamy secretion product ("spittle"). They feed on grasses and possibly also corn. If threatened, adults can release a smelly substance.  
 
 
bug guide:
http://bugguide.net/node/view/645946
Texas A&M:
http://insects.tamu.edu/fieldguide/aimg86.html