Holly's Take

I have enough knowledge of this to know that I probably don’t want to know how bad it is.  As a resident of Massachusetts I know that MassHealth is a large liability that without the federal aid would cause severe problems in our budget.  We are not alone though, State debt is a problem in many states.  Check out this state debt map.  

What seems to be the biggest concern is unfunded pensions (isn’t that illegal in the private sector?) .  What I want to find is some information about when these pension liabilities start to become a real problem.

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