Monday, December 06, 2010

How Broke Are the States?

Three GOP Congressmen have introduced legislation designed to compel a more accurate answer to that question. Specifically, they want to know to what degree state (and municipal) state pensions (and retirement health plans) are underfunded.

Bonus Links:

1. Sunday, The New York Times had a lengthy and useful overview of the state and municipal debt issue, which you can read by clicking here.

2. Walter Mead on why the state and local debt crisis may quickly become a catastrophe.