Yes, of course.
Blue cities and states will bankrupt themselves being laboratories of left-wing social experiments, desired by ideologues in Washington DC
They will be made whole in the next grand “budget deal,” “stimulus” or whatever spending opportunity comes about next
That’s nothing new. That is why the SALT tax deduction being capped was such an issue. For years they did all kinds of unsustainable things and foisted the bill off on the rest of the country.