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- W174173044 abstract "Faced with the most severe budget crises since the Great Depression, many state officials and lawmakers within the United States are desperately trying to pay their bills and balance their budgets. States are anticipating significant budget deficits for the next few years, while tax receipts are slowly recovering from the steep economic downturn in 2008, unemployment rates remain high, and federal stimulus money is running out. Among the states’ mounting stacks of unpaid bills are their aggregate unfunded pension liabilities totaling from an estimated $452 billion to over $2.54 trillion, depending on what accounting discount rate is used. State pension plans cover twenty-four million active and retired workers, about eight percent of the United States population of 309" @default.
- W174173044 created "2016-06-24" @default.
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- W174173044 date "2011-01-01" @default.
- W174173044 modified "2023-09-27" @default.
- W174173044 title "Too Big to Fail and Too Big to Pay: States, Their Public-Pension Bills, and the Constitution" @default.
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