“Spending on state-employee pension benefits increased 586 percent from 2000 to 2015, yet funding for human services only increased by10 percent during that time.”
I wonder how California compares... and ny...
...and even now California is a donor state, from the fed income tax perspective... so what, California money goes to help prop up Illinois and ny? Yet California allegedly also voted for Hillary...the irony...
A good guess is that many states will be declared bankrupt and the pensioners will get medicare/medicaid and perhaps an amount equivalent to the highest benefit paid by social security. Currently that amount to just under $2700. Not good news for bureaucrats retiring in their fifties with payments well over that amount. There will be very many angry people in New York, California, Illinois, Massachusetts, Connecticut...but that’s not really important.