Channeling Meredith Whitney, Jeffrey Miron believes state governments across the U.S. are...

|By:, SA News Editor

Channeling Meredith Whitney, Jeffrey Miron believes state governments across the U.S. are underestimating their liabilities by $1T-$2T, partly because of the failure to account for pension liabilities in their budgets. "Things are bad for basically all the states for almost identical reasons," Miron tells Aaron Task.