Problem is though that debt is low because there is no money being spent on infrastructure by the feds and they continue to sell off OUR assets.
The feds have increased their revenue but pay less to the states in real terms. Therefore the states are stuffed.
Was it really that bad when Govts took out low- interest loans and actually spent on roads, rail, school and hospitals?
The feds now seem to think they can run things that they have no experience in running.