States on Track for Default

By Fergus Hodgson
Louisiana's unfunded liability of $24 billion cause for "serious concerns" NEW ORLEANS, La. – On account of immense fiscal pressure, some states are “simply not going to be able to honor their promises,” asserts John Hood, author of “The States in Crisis,” a report from the latest issue of National Affairs.

TAGS: John Hood, John Locke Foundation, Pension Reform, The States in Crisis