Puerto Rico Is Greece, & These 5 States Are Next To Go – Illinois, Connecticut, Hawaii, New Jersey And Kentucky – JPM

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The highly challenged economics of a handful of state pension and retiree healthcare plans

% of state revenue collections required to pay the sum of interest on bonded debt. plus the state’s share of defined benefit plan contributions, retiree healthcare costs and defined contribution plan expenses.

Just as Wilbur Ross said

Puerto Rico Is Greece, & These 5 States Are Next To Go – Illinois, Connecticut, Hawaii, New Jersey And Kentucky – JPM

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