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Growing Deficits Threaten Public Pensions
The Washington Post; subscription may be required 
May 12, 2008
Excerpt: The funds that pay pension and health benefits to police officers, teachers and millions of other public employees across the country are facing a shortfall that could soon run into trillions of dollars. But the accounting techniques used by state and local governments to balance their pension books disguise the extent of the crisis[.]
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