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Wednesday, October 31, 2012

''$2.8 Trillion in Unfunded State Pension Debts: Congressional Republicans Look to Block Federal Bailout''

From Reason.com

''Despite the fact that 49 states have balanced budget requirements the report calculates $4.2 trillion of state debt, $2.8 trillion of which is unfunded pension benefits. It’s by far the dominant source of debt for state governments across the country.''

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