Some states can, it all depends on their state constitutions.
Fiscally they can't because their bond ratings would dip, and their interest rates on loans would increase, and interest rates bonds that they sell would rise.
California is currently operating in the red, and they're not the only one.
And their bond rating is what?
How much interest do the pay on their bonds that they sell?
When borrowing what is the interest rate?
This is not rocket science, Vast. A state can't afford to operate in the red like Ca. for very long.