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Christine Kuglin: Virginia Faces Nearly $1B of Unfunded Debt Obligations
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Christine Kuglin: Virginia Faces Nearly $1B of Unfunded Debt Obligations

Christine Kuglin, Director of Truth in Accounting's Daniels College of Business, explains how Virginia's constitutionally-required "balanced budget" can be reconciled with the Commonwealth's billion-dollar debt burden. While some debt can be good, it also carries risk, such as when worker pensions are leveraged and tied to stocks and bonds.

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