Quote Originally Posted by bkkandrew
was do you think that US State debt doesn't matter?
Actually a good question,

yes it does matter for the state, not the Federal government. But if you are going that route, what about Corporate Debt ? Municipal ? County ? why stop at the state ?

And in England, what about Council debt ? hey what about Football club debt as a collective burden on the local fan base ?

so what's your point with state debt ? should it be included as total debt for Federal Government even though they didn't create the debt in the first place ? The state is NOT the Federal government, I do hope you are not confusing local government with Federal government.