The Undollar Digest

The Hidden State Financial Crisis

My latest research into opaque state financial statements suggests taxpayers will be surprised by how much pensions are underfunded.
Meredith Whitney, online.wsj.com, 05/18/2011
Next month will be pivotal for most states, as it marks the fiscal year end and is when balanced budgets are due. The states have racked up over $1.8 trillion in taxpayer-supported obligations in [...]


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