No, not at all. I am saying that sometimes we the people vote in folks to run cities or counties that are idiots (mayor, city council, county board or legislature) and cannot run a city or county even if it had pictures and labels and a video tutorial, and those idiots sometimes will hire bureaucrats (city/county manager, comptroller, finance director, etc.) that are also idiots. And, sometimes those idiots as a group or individually will put the city in such financial trouble that either a federal court judge, or state court judge, or the governor of a state under his/her statutory authority will step in, putting the
local government in receivership or some other form of state financial control, and appoint an accountant, a third party manager, that can look at what the elected and/or appointed idiots want to do and either approve it, or make them come up with something different that costs less so the local government can live within their means and pay their bills as well as get caught up on back payments and other debts - a financial chaperone of sorts.
You see, the federal government not only gains their revenue from tax dollars levied against the public, the federal government can also print more money if they determine they need it to pay the bills (monetizing the debt) as they are doing hand over fist right now. This is not the best way to pay government debt, but the federal government is the only one that can even try to do this.
States, counties/parishes, and cities can only spend what they can collect through taxes and fees (actually also just a tax but they like to call it a fee). A number of states have gotten into trouble over the last few decades with spending way more than they have or can get from taxes - California, Illinois, and Michigan come to mind. We were getting in that same trouble here in North Carolina, but the current governor balanced the budget, cut spending, fixed the tax code, and paid off all the debt we had to the federal government and we are now running a surplus rather than a deficit - of course, the Democrats are hammering him about the cuts he made and the idiot voters of my state will probably not re-elect him and we will go right back to spending more than we have.
Cities and counties, like states, cannot print money either, and when they borrow too much money (and fail to cut spending to match the reduction in revenues) the lender actually expects to get paid back and will take the city/county to court, or plead for relief from the state. When it becomes evident that paying back debt isn't going to be possible under the leadership and management of whichever idiots are still in charge of the city/county at the time, the state or the courts will take action, like they did in Detroit, and hundreds of other cities and counties around the country over the last few decades.