This is totally insane, unsustainable, irresponsible and reckless!
You wonder why there is high price and wage inflation in the U.S.! We urgently need again e.g. a balanced budget requirement etc.
Yesterday, I blogged here about the similar situation of the insane federal deficit!
"... there is substantial variation between the states. States such as Wyoming, Idaho, and North Carolina show that modern governments can be run using very little debt. Policymakers in Kentucky, Hawaii, and New York should learn fiscal lessons from these low‐debt states—and so should the federal government. ..."
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