<p>A new <a href="http://www.sacbee.com/news/politics-government/politics-columns-blogs/dan-walters/article90368532.html">report</a> shows that the California Public Employees Retirement System (CalPERS) received less than one percent on its investment, putting the country&#8217;s biggest pension fund at a stunning $100 billion shortfall.</p>
<p>Not surprisingly, California is ranked among the top nine in the states with the worst fiscal condition by the <a href="http://mercatus.org/statefiscalrankings">Mercatus Center</a>, as of June 1. Here are each of the states that made the top nine in their rankings:</p>

9 Most Bankrupt States In America: Is Yours On The List?

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9 Most Bankrupt States In America: Is Yours On The List?