Underfunded?
that's Demspeak for looted..
If there would seem to be an area that is incontrovertibly a state responsibility it would be the pension programs for the benefit of state employees. But, in the Obama era...I think I can hear the justification for...TARP money!
Not looted. The money was never in these funds in the first place.
The problem isn't lack of funding, it's excess of promising. Easy to offer the world when you'll be decades out of office when the bill comes due.