2 Charts About States' Debt

Back in 1995, the U.S. General Accounting Office (now the Government Accountability Office) estimated state and local unfunded pension liabilities at $200 billion in fiscal year 1992 (nearly $300 billion in today's dollars). The most recent estimate for unfunded liabilities today for these same entities comes from The States Project, a joint venture of Harvard and the University of Pennsylvania. Their report puts the number at...