Apparently most states ( 43 ? ) are under water financially now.
Many towns and cities too.
The unfunded future obligations to retired government employees is massive. No one really knows the full cost of retirement, lifetime medical premiums...
>> The unfunded future obligations to retired government employees is massive.
... and the Bambi answer to that problem? Create MORE government employees and guarantee them (unfunded) retirement and health care for life.
Going to be a bumpy ride.