When faced with a financial bind, many states "borrow" money from state pension funds to pay today's bill. What long-term impact does this have?
a. The pension funds will run out of money sooner.
b. The pension fund will end up with more money due to the interest the "borrowed" money will earn.
c. The state will have a surplus somewhere else.
d. In order to give out the pensions promised, the government will have to make up the money in the future.
d
Political Science
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