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Will State Pension Crisis be the Tipping Point for the U.S. Economy?
The Hill Link to more items from this source
[Opinion]
Apr. 11, 2012

"The thing that pushes the United States over the tipping point just might be the exploding state pension crisis.... It is clear that many states are now teetering on the brink of bankruptcy as a result of pension promises made to employees, the enormous bill for which is just beginning to come due.... [B]ankrupt states with huge pension obligations will look to the federal government to make up the difference. Are we prepared to offer a rescue to these states that will make the bailouts of the last few years look insignificant by comparison?"

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