|Senator John Thune S.D.|
So--you pay your taxes--state and federal--your state practices "sound" financial principles, but YOU are on the hook to those states such as CA, RI, & CT, who have spent their way into a deep hole. At the moment, "bankruptcy" for state governments is illegal, but Washington, with all it's great collective brain, is discussing how to legalize this policy. Scary isn't it? If you overspend--they take your home. The government overspends and everyone else pays the price!
I encourage you to write or phone your representatives and encourage them to vote for the Thune amendment. Curious where your state sits financially? The following link provides that information. Call the boys!