To fund infrastructure and green energy projects, state and local governments must either raise taxes or increase deficits. If the state or local government raises taxes, total spending is not increased, undermining the correct justification for stimulus. If the governing body engages in deficit spending, it is borrowing at a higher rate than one offered to the Federal government. States and local governments do not have their own printing presses, so they have far less flexibility in dealing with deficits. When state and local government attempt deficit spending, they run the risk of becoming the next Greece.