Debt is everywhere you look. Here’s a short inside piece in The New York Times Magazine about state and local unfunded pension obligations for retired employees. They add up to between $1 trillion and $3 trillion.
Until that article, I had given no thought whatsoever to shortfalls in state employee pension funds. You?
To which a mere blogger named “Karl” responds:
Well, yeah. And Matt Welch points out that Reason magazine has been all over the problem. And if you’re reading a conservative blog like this, you probably knew about it from Reason, or the Weekly Standard, or the American Spectator, Fox News, City Journal, the CATO Institute, National Review, the Heritage Foundation, Rush Limbaugh or any of the other right-leaning media that have been discussing it for years, but prominently for about a year.
