Tuesday, March 30, 2010

Are state finances doomed? It's not looking good...

The New York Times reports on the rise of state debts, including in them the market value of public sector pension deficits, derived from this AEI working paper. Here are the top debt offenders.

When combined with states' shares of the rising federal debt, its easy to imagine the states and/or their taxpayers being overwhelmed. Click here to read the whole story.

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