Devin Nunes

AYFKM?: $3 TRILLION In Unfunded Pension Liabilities?

According to Elizabeth Norcross of the Mercatus Center, the states' $452 Billion in unfunded pension liabilities is closer to $3 Trillion 'when you get the accounting right'.  How's that red crayon math working out now? For those that missed this post: States Fast Approaching Financial Abyss “…but the day of reckoning is at hand. The debt crisis is already making Wall Street nervous, and some believe that it could derail the recovery, cost a million public employees their jobs, and require another big bailout package that no one in Washington wants to talk about.” – 60 Minutes 60 Minutes has…
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