Bill Bergman | The Ticking Time Bomb of State Debts
Many US states claim to balance their budgets, but for decades they have underreported or understated huge liabilities in pension benefits.
Every year, Bill Bergman, director of research with Truth in Accounting, shines light on the real situation with the Financial State of the States report. Total unfunded state debt amounted to $1.5 trillion in 2018, and there has been little improvement since the study’s first edition in 2009.
He explains one day investors will see the writing on the wall and stop showing up at bond sales, leaving state employees in a perilous position.
Our weekly interview with the Discovery Group, our valued sponsor, features Dunnedin Ventures CEO Claudia Tornquist, who explains the company’s new focus on copper.
Show notes: https://goldnewsletter.com/podcast/the-ticking-time-bomb-of-state-debts/ #US #Debt #Pension
-
33:30
GoldNewsletter
3 years agoWhat Happens When States Cannot Pay Their Bills | Sheila Weinberg
3 -
3:19
Get Your Money Right
2 years agoWhat Is Considered Heavy Debt The state Of Being Bankrupt
61 -
1:06
The Thinking Conservative
1 year agoWashington’s Debt Bomb - The Clock Is Ticking!
82 -
10:52
Worldview Financial TV
5 months agoThe Debt Danger Looming
321 -
2:48
QuantumEdge17
5 months ago35 trillion Debt Bomb: Inside Mike Johnson’s Spending Deal 💣
10 -
3:53
Bannons War Room
1 year agoSteve Bannon: We Are 300 Trillion Dollars In Debt
7.52K34 -
31:49
Liberty and Finance
11 months ago $2.83 earnedGoing Off A Financial Cliff | Bill Holter
2.57K11 -
13:07
rollingout_music_artists
8 months agoTennessee State president Glenda Glover on state paying back billions in debt
162 -
5:41
ProgressiveTruthSeekers
1 year agoThe United States to Default on Its Debt? - Joe Biden Faces an Economic Crisis
1921 -
33:49
LitesOfTheRoundTableTV
7 months agoThe US Debt Clock... Monitoring A Ticking Bomb
4.14K7