Pennsylvania hides $53 billion in debt, study finds

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CHUMP CHANGE: State lawmakers continue to under-fund pensions, exacerbating a growing unfunded liability problem.

By Andrew Staub / September 23, 2015

Pennsylvania fails to list $53 billion in debt on its balance sheet, giving it the third-most hidden debt among 10 Northeast states.

Maybe it’s no surprise then that state lawmakers have all but ignored Pennsylvania’s monstrous unfunded pension liability.