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Special Device Help Prevent Suddent Infant Death

Special Device Help Prevent Suddent Infant Death

Researchers from Germany's Fraunhofer Institute for Reliability and Microintegration IZM in Berlin has developed a new breathing sensor system that help prevent Sudden Infant Death Syndrome (SIDS). This syst...

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University Installs Grass Lawn in School Library

University Installs Grass Lawn in School Library

Cornell University has built a grass lawn inside their school library as a part of a project of their institution's Department of Design and Environmental Analysis. The department is currently conducting a r...

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Wash Your Clothes in a Portable Washing Machine [Video]

Wash Your Clothes in a Portable Washing Machine [Video]

Meet, the Scrubba, a portable washing machine, in form of a bag. This wash bag, allows people to do their laundry, on-the-go. The Scrubba is a lightweight, foldable bag that features small nodules to help sc...

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Fart-Deodorizing Underwear Sold in Japan

Fart-Deodorizing Underwear Sold in Japan

Thanks to Japan's new invention, the Deoest underwear, extreme farters can now release their foul smelling gas and prevent people near them from fainting. It is a fart-deodorizing underwear, created by Profe...

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State Debt plus Pension Obligations is Huge Problem

Written on January 28, 2011 by Japhet Writ

1 person

States' debt loads are high enough, but when you combine them with their pension obligations, the numbers are really eye-popping.

With the State’s debt high enough, addition of pension obligations can be a huge liability. That is according to Moody’s Investor Service report. Take Hawaii’s debt for instance: It has $5.2 billion of debt, plus pension obligations of the same amount. As a result, the dual accountability makes up 16.2% of Hawaii’s economy.

With states having a difficult time paying for school and social services alone, many struggles to make big pension payments. That said, a state’s pension and debt loads garner more attention. Just how deep states are buried in their liabilities is just a matter of debate.

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