TITLE

The States in Crisis

AUTHOR(S)
Hood, John
PUB. DATE
January 2011
SOURCE
National Affairs;Winter2011, Vol. 6, p49
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article looks at the fiscal crisis that is affecting the U.S. at the state level and how the states can address the possibility of defaulting on their fiscal obligations. The budget imbalance is attributed to unsustainable expenses such as retirement benefits, state debts, and deferred maintenance of public infrastructure. The author examines revenue shortfalls, unfunded liabilities, and public debt, and calls for the implementation of intelligent fiscal reforms.
ACCESSION #
60008678

 

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