9 Most Bankrupt States In America: Is Yours On The List?
Here are each of the states that made the top nine in their rankings:
California:
$118.7 billion in total debt.
$785.72 billion in unfunded liabilities and other retirement
benefits.
$250 in surplus per capita.
The key takeaway from the Mercatus Center's list is that the
vast majority of the states in poor fiscal health are blue
states, demonstrating yet again how lavish government spending
is unsustainable and economically unviable in the long run. The
dismal return on CalPERS's investments are particularly
reflective of that common sense economic reality.
https://www.dailywire.com/news/9-most-bankrupt-states-america-yours-list-aaron-bandler
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ANN KENEVAN
IF YOUR CITY OR STATE GOES BANKRUPT THERE GOES YOUR PENSION!
Municipal bankruptcies can affect the pension funds and pension obligations of the city in question. Although cities are legally obligated to pay retirees their pensions, in the event of bankruptcy, there is precedent for cutting pension ... View More
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