Top 6 States Facing Major Financial Stress

intro: A new report by the respected State Budget Crisis Task Force paints a chilling picture of what's ahead for U.S. states, even long after the 2008 recession officially ended. The pessimistic analysis identifies major threats to fiscal sustainability, including: out-of-control Medicaid spending; reductions in federal state-aid; underfunded state retirement plans; an eroding tax base; and laws that allow states to use gimmicks to hide their fiscal troubles. The co-chairs of the Task...Full Story