These 9 states have dangerously underfunded pensions
blmiers2 via Flickr
Economists say it was underfunded pensions that drove Stockton and other California cities to bankruptcy.
Now, some states are experiencing massive pension gaps, with some as wide as $76.3 billion, according to 24/7 Wall Street.
The following is a list from 24/7 Wall Street showing 9 states whose pension systems are at least 40 percent underfunded.
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Anyone surprised that Illinois is the most underfunded state?
Nope - neither am I surprised that 5 of the 9 states are Red states..... it just shows that when all the talking is done, there just isn't that much difference between the two.
Nope - neither am I surprised that 4 of the 9 states are Blue states..... it just shows that when all the talking is done, there just isn't that much difference between the two.
Something to think about:
The president's state has a debt of $76.3 Billion
Add the total of states #4-9, and their combined debt = $68.8 Billion
The nation has added $6 trillion dollars in the four years of his lack of leadership.
OBAMA KNOWS DEBT!
Alaska has no business handing out its oil surplus to the people while it is deeply in debt.
It ought to get out of debt first.
It looks like both Republicans and Democrats have failed to manage their pension systems because half of these states are Republican and the other half are Democrat.