Below I linked to a new report by the by the Illinois Policy Institute totaling up retirement-related debts held by Illinois. Those debts are one reason that the state's auditor general deems Illinois in the worst fiscal shape of any state, with liabilities outpacing assets by about $43.8 billion, according to a new report (see chart of all states' fiscal positions on jump page). Some analysts quibble, arguing that their state is in even worst shape. In any case, you probably won't be surprised by the states deeply in the red, according to the auditor's report.
Here is the ugly reality:
Ahhhhhhhhhhhhh Texas!!!