Every state I've ever lived in, as long as I can remember being aware of such things,* has said that they are in some kind of a pension crisis regarding its public workers and/or teachers that will manifest disastrously in a few years. Yet somehow they survive. Detroit is one of the few where the chickens actually came home to roost, and it took a significant decline in population to do it. Hasn't mattered if its a red or blue state.
Two red states I've lived in have "pension crises:"
Texas:
https://www.texaspolicy.com/teachers...isis-in-texas/
South Carolina:
https://www.greenvilleonline.com/sto...mb/1637814001/
It's the same story in every state. Too many debt obligations, pension fund investments not making the projected returns. Not surprising when they projected an AVERAGE of 7-10% per year!
*since the early 2000s. When I was in middle school and high school in the 90s I didn't care.
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