Does anyone see this train wreck?-----Public Pensions: Underfunded and Unaffordable - Americans for Prosperity

Public Pensions: Underfunded and Unaffordable - Americans for Prosperity:
"Michigan finds itself in a similar situation with $156.9 billion in unfunded liabilities.
The ALEC report ranks Michigan’s pension funding ratio of 27.5 percent one spot above New Jersey on the list.
Increased benefits, longer life expectancy and underfunding rendered the pension system insolvent despite key reforms in 1996."