Question by John S.: How many States in the USA are currently BANKRUPT?
As per the standard definition, “bankruptcy” here is defined as having fewer assets than are owed to others.
Specifically under the Quick Ratio, how many states will not be able to meet their short term obligations with liquid assets in the United States this year, 2011?
Answer by PIXIE
at least 30 have massive debt and of the 50 states they fall short on union pensions over 1 trillion dollars in unfunded liabilities
What do you think? Answer below!