The pension shortfall for all US states reached $1 trillion in mid-2008, and some estimate the figure is closer to $2 trillion.
http://www.bloomberg.com/avp/avp.htm?N=video&T=Pew%20Center%27s%20Urahn%20Interview%20on%20State%20Pension%20Shortfalls%20&clipSRC=mms://media2.bloomberg.com/cache/vWSPXqYptlbE.asf
Wednesday, March 24, 2010
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