Tag Archives : pensions
Ranking State Pension Debt
Only three states have solvent systems.
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America’s Next Crisis: Unfunded Pensions for State and Local Bureaucrats
A fiscal disaster is going to explode in the not-too-distant future.
read more...Bureaucrat Pensions and America’s Brazilian Future
Many American states have made unaffordable and unfunded promises to give lavish benefits to retired bureaucrats.
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Pension Promises to State and Local Bureaucrats Are a Ticking Time Bomb
Every retirement system for state workers is underfunded.
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Italy vs. America: Battle of the Bureaucrats
Two worthy candidates for the Bureaucrat Hall of Fame.
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The New York Times Accidentally Admits Superiority of Privatized Social Security
I confess that I get a bit of perverse pleasure when a left-leaning media outlet screws up and inadvertently shares information that helps the cause of limited government. A New York Times columnist, for instance, pushed for a tax-hiking fiscal agreement back in 2011 based on a chart showing that the only successful budget deal was the one […]
read more...Will Taxpayers Be Forced to Bail Out Union Pensions?
As a supporter of genuine capitalism, which means the right of contract and the absence of coercion, I don’t think there should be any policies that help or hinder unions. The government should simply be a neutral referee that enforces contracts and upholds the rule of law. Similarly, I also don’t have any philosophical objection to employers and employees […]
read more...Taxpayers vs Bureaucrats, Part XXXVII
If you have municipal bonds issued by the city of Los Angeles, you may want to dump them while there’s still time. The LA Times reports that one-third of the city’s budget in 2015 will get consumed by pensions and benefits for retired bureaucrats. The cost of retirement benefits for Los Angeles city employees will […]
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