Labor Day Chart of the Day
Pension Storm Getting Worse

LaborDayChart

The above chart comes to us via a report from the Nelson A. Rockefeller Institute of Goverment (h/t Bloomberg). It shows how unfunded pension liabilities, currently measured at $1.8 trillion, have trended as a percent of state and local government tax revenues.

An irresistible force is approaching an immovable object…

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