Pensions Aren’t The Only Public Debt Taxpayers Are On The Hook For
In many cases, pensions represent the lion's share of public debt, but they aren't the only part of government deficits taxpayers are on the hook for. Now a new study examined public debt levels for the 10 most populous cities in the U.S. based on a combination of state and city debt, including all the underlying government units which may not be reported in city budgets.
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