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