Monday, July 22, 2013

Detroit not alone under mountain of long-term debt

Detroit not alone under mountain of long-term debt | Detroit Free Press | freep.com:
"From Baltimore to Los Angeles, and many points in between, municipalities are increasingly confronted with how to pay for these massive promises.
The Pew Center for the States, in Washington, estimated states’ public pension plans across the U.S. were underfunded by a whopping $1.4 trillion in 2010."

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