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Pension debt accounts for over half of all debt for US states

Michael Katz  |  October 9, 2019

By Michael Katz, includes “Unfunded retirement liabilities are the main contributing factor to state-level debt, according to a new report from conservative think tank Truth in Accounting (TIA). … ‘This means that to balance the budget – as is supposedly required by law in 49 states,’ said the report, ‘elected officials have not included the true costs of the government in their budget calculations.’ …”

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