There's only one way to describe this situation--"States of Denial." Meredith Whitney: The Hidden State Financial Crisis - WSJ.com . 24/7 Wall St. compiled a list of The Ten States Where Pensions Are Running Out of Money based on state pensions that are underfunded and which have a shortfall of the 2009 recommended level--the states in the worst trouble:
- Kentucky
- Illinois
- New Hampshire
- New Jersey
- Oklahoma
- Kansas
- Massachusetts
- Colorado
- Maryland
- Pennsylvania