States Are Underestimating Budget Crisis By Trillions

posted by Nima

September 19, 2011 · Posted in Government 

From the interview with Jeffrey Miron:

The problem is pension liabilities are not being accounted for in state budgets. The results: states across the country, he estimates, are underestimating their liabilities by $1-2 trillion.

See here for more that I’ve written regarding state pension plans over the past years.

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