Thanks.

If you read news recently, you may know Republic congressmen/women are exploring the possibility to let state government bankrupt. At this moment, for state it is not possible to claim bankrupted.

Default of Muni-bond is possible. The issuers of Muni-bond include a lot of local governments, such as county and city. I am not sure whether they can claim bankrupted.

The state governments face more than just pension problem. That's why I rasied the question above. However, since the author is trying to give the information to Chinese people, I bet it will mislead, any way.

所有跟帖： 

• pension is big hole for goverments, every local goverment can c -soccer123- ♂ (361 bytes) () 02/18/2011 postreply 13:31:15

• Haha, I am in one of the state pension system, and know a little -Moon-river- ♂ (1177 bytes) () 02/18/2011 postreply 13:42:51

• Orange County bankrupted in 90s? -duck_donald- ♂ (0 bytes) () 02/18/2011 postreply 13:39:16