Using long-term debt to pay current expenses is lunacy.
Yep. I actually thought that it was prohibited by state law, but I must be mistaken. Either that or it's been gutted by the courts.
Lunacy for sure but when you consider how the average (stupid) citizen handles their personal finances they will probably all pass in November.
Personally, I have never borrowed a cent for personal consumption and haven't had a mortgage in years and object to having to pay taxes to finance the desires of the "have to have it now and cost doesn't matter" idiots that are allowed to vote.