Includes “… Zombie States are states that are financially “dead” but are somehow shambling on, through a combination of hiding significant liabilities off the state’s financial report, compiling and filing the financial report so late that no one can do anything about it, and oppressively burdening the population by taking on huge amounts of liability per capita. The director of research at Truth in Accounting, a national watchdog organization, coined the term to identify states that may be more likely than others to be taking on higher risk to address their debt problems. …”
Read the full article on: The Garden Island (Hawaii)