From October 25, includes “… The Zombie Index identifies states that may have incentives to accumulate riskier investment portfolios in pension and other employee retirement benefit plans. Taxpayers and citizens have reason to be spooked … But citizens and taxpayers in all 50 states should be concerned -- not just for their own states, but for Zombie states as well. … The potential socialization of losses through federal schemes impacts all Americans, exposing citizens and taxpayers in well-managed states to the troubles facing Zombies.”
Read the full article on: Truth in Accounting – Bill’s Blog