That borrowing funds only the federal government, not the state government. The states don't get to borrow in the same way. Also, that borrowing will increasingly come with a high interest rate and high inflation.
Sure but these problems exist at the federal level too. And yes the consequences are real but it still happens and is why we can't just hit the federal govt in the wallet. For the time being, elections are still free, so voting is still the most effective way, but raising awareness of stuff like this makes people more aware of who NOT to vote for next office.
It's happening at the state level at this time. In any event, we don't need to hit the federal government in their wallet as they're too busy doing it to themselves with their immense exponentially-growing loan that will crush them soon enough.