Our federal constitution places very few restrictions on states. We call that principle “states rights” and “federalism.”. The only people who will have to repay these bonds are the people who choose to own property in that district in twenty years when repayment begins.
I fully understand the principle, however please explain how an elected body can ENSLAVE FUTURE GENERATIONS to pay for their wants?? We used to call this SLAVERY.
The Feds are no better if you compare the Fed debt history. It all goes to show people in government at any level can be crooked as hell along with ignorance and selfishness. I’ve seen government of the people at all levels.