Is a $1 Trillion Bailout Ahead for State Pension Funds?

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Is a $1 Trillion Bailout Ahead for State Pension Funds?
The Wall Street Journal; subscription may be required

May 21, 2010

Excerpt: [I]n a new paper, Northwestern University economist Joshua Rauh says at least seven states are heading toward crushing crises -- of the magnitude that would require U.S. bailouts in the next decade -- from one cause: state pension liabilities.

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