Monday, December 20, 2010

The states and the pension problem - It's likely that Robert Samuelson wrote his article about the unfunded liabilities weighing down the states with debt before last night's episode of "60 Minutes." Bottom line: a lot of states owe a lot of money they don't have, meaning that either government services will need to be slashed or the states will need to default on promises made to government workers.

By the way, did you know the U.S. Debt Clock will also break down debt by states? Here's Massachusetts.

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