Oh absolutely, I'm personally not surprised to see this, cities like Detroit going bankrupt was just the beginning and people refused to believe it, entire states will be next. This is nothing but a stop-gap measure and this is why I'm personally an advocate of making all public debt illegal because of the damage public borrowing does to an economy.

They're fucking over their citizens big time, also, you made a typo.

the state house/senate passed a low to increase taxes by 32%.

If entire states are now feeling this, it looks like the economy is about ready to finally kick it, ridiculous levels of taxation are just the beginning.