Former Fed Advisor: State Pensions Time Bomb Spells Disaster For The US

http://www.zerohedge.com/news/2016-12-17/former-fed-advisor-state-pensions-time-bomb-spells-disaster-us

Funding gap for state retirement benefits rises to $1.4 trillion

http://economywatch.msnbc.msn.com/_news/2012/06/18/12285504-funding-gap-for-state-retirement-benefits-rises-to-14-trillion?lite

State pension crisis balloons

Europe's sovereign debt crises are well-publicized, as is Japan's, especially since their twin disasters.  It appears the fiscal problems here in the US have been forgotten as a result.  By some measures, the US debt problem is worse.


http://finance.yahoo.com/news/State-pension-crisis-cnnm-422551523.html?x=0&sec=topStories&pos=5&asset=&ccode=

State pension shortfallexceeds $1 trillion

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