This doesn’t include the other local city and county govt obligations.
“The housing bust, financial crisis and economic recession .. caused states’ tax revenue to plunge, and huge holes have emerged in their budgets over the last few years.”
This sentence should have started with “Incompetence, rising to the level of high treason, caused states’...........”
Government Unions 101: What Public-Sector Unions Won’t Tell You
http://www.freerepublic.com/focus/f-news/2682044/posts
Poll: Public unions a hard sell (64% of Americans oppose public-sector unions)
http://www.freerepublic.com/focus/f-news/2676051/posts
The First 10 City Pensions That Will Run Out Of Money
http://www.freerepublic.com/focus/f-news/2647985/posts
Coming collapse of state pensions
http://www.freerepublic.com/focus/f-news/2662170/posts
Better Than Bankruptcy: Trim Fat State Pensions
http://www.freerepublic.com/focus/f-news/2674906/posts
courtesy of the same communist gubmint unions who brought Greece and Italy to their knees...
Anybody know why Vermont does so well? It’s such a lefty state, I am surprised it isn’t in financial trouble. Perhaps all 3 VT Freepers could enlighten us. ;-)