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I'm not saying the Federal Government should inject in the State Budget. I think all 3 governments, federal/state/local, should be free to decide their own fiscal futures. I just also think it's very dumb to allow any of these go into the red year after year for no reason other than wanting everything and never paying for it beyond IOU's.
Severe emergencies or war are the only reasons to go into debt. And they should be repaid asap to allow a strong economy and never have to fear the purse-strings of those who buy your debt.
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"Smite the rocks with the rod of knowledge, and fountains of unstinted wealth will gush forth." - Ashbel Smith as he laid the first cornerstone of the University of Texas
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