It isn't up to the individual states. The Feds can and do keep various states afloat through a variety of transfer institutions. Texas in the 1980s had to get

It isn't up to the individual states. The Feds can and do keep various states afloat through a variety of transfer institutions. Texas in the 1980s had to get a bailout of over 30% of its GDP due to the Savings and Loan crisis and resulting (ahem) debt forgiveness by the FDIC. New York certainly got a massive injection from the Central Bank during the fall of Long Term Capital Management. Mississippi and Alabama have been net benefitors from taxpayers in other states via entitlement programs for a generation now.