State Budgets
Budget shortfalls, city defaults & bankruptcies, potential state bankruptcies means the budgets of individual states will impact the economies of the other states and the federal budget/deficit.

$5.2 Trillion Of Government Pension Debt Threatens To Overwhelm State Budgets, Taxpayers

from TPPF,

Pension Tracker, a project of the Stanford Institute for Economic Policy Research led by former California State Assemblyman Joe Nation, Ph.D., is out with its updated assessment of the nation’s unfunded state and local government pension fund liabilities. It’s not a pretty picture—especially if you live in Alaska, California, Connecticut or Illinois where your per household pension debt ranges from $102,084 to $76,398.

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