States haven’t financed almost 96 percent of the $627.4 billion they were projected to owe for future retiree benefits in 2010, according to Bloomberg Rankings data. The estimated deficit grew from about 95 percent in 2009 as governors coped with lower general-fund revenue and rising demand for services following the longest recession since the Great Depression.

And folks, this effects Texas as well. One estimate puts the unfunded liability of the Lone Star State at over $200 billion (yes with a B). This is not going away and will impact us within the next decade.