Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
US states don't run budget deficits, though. They all have balanced budget rules (there are several variations), and they pretty much follow them.

Puerto Rico (not technically a state) is an example of what can happen if the rules are avoided. Similar to the EU PIGS.

by asdf on Tue Dec 11th, 2018 at 02:44:57 AM EST
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