The state of California has more debt than the nation of Gre 10 10, 11:10pm

but unlike Greece, California actually has a revenue source, here is how it works
CA buys a thing---> CA has Debt---> Ca Takes a loan to pay for debt---> Ca uses bought thing to make new thing---> Ca sells new thing---> Ca sells thing to pay for loan and original bought thing.
And that's how it works for the whole us