New Jersey - Take 2

Earlier we wrote of the about the deficit haunting New Jersey. It seems that it was just part of the story. It did not take account of the pension fund which has an accumulated deficit of $46 billion.

Not to pick on NJ, but this shows the predicament that states have gotten themselves into. With few exceptions, most of the country faces similar problems.

http://www.businessweek.com/news/2010-02-25/new-jersey-pension-deficit-grows-to-46-billion-update2-.html