American States on the Brink of Financial Catastrophe

Fabius Maximus
Apr 9, 2010 1:47PM

In the third year of the worst recession since the 1930’s many States totter on the brink of catastrophe, after generations of imprudent management. Ahead lie even greater challenges, as employees cash in on their insanely generous pensions.

A few charts tell the tale — showing America’s most profligate states — from “The State of California – the road aheadâ€