People are starting to realize the crisis that states and local governments are in and face...
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/10/AR2008051002883.html
This is a good article regarding state pensions. There really is no way to escape the sheer cowardice by politicians to address these issues when there was a chance. All of these unfunded obligations from the local level up through the federal level are enough to take down the US. The financial crisis at the banking level will just accelerate this mess.
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