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The “California Rule” and the “The Fall of Pacific Grove”
In my previous post, I described the "California rule," which puts state governments in a legal straitjacket when trying to reform underfunded public pensions.
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Reining in the Executive Branch Bureaucracy, Part 10: Congress Should Create an Annual Regulatory Reduction Commission
Since the Federalist Papers, America has debated “Energy in the Executive.” But President Obama’s 2014 agenda framed by his…
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CEI Podcast for March 6, 2014: The ALERT Act and Regulatory Transparency
Last week was Stop Government Abuse Week in Congress, and the House passed a number of reform bills that would increase government transparency. One of…
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The Law Should Not Enable Union Violence
A general contractor is approached by a representative of a local union and told he “needed to hire a certain number of his guys.” When…
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How the “California Rule” Holds Back Pension Reform
These days, local governments announcing bankruptcy seems like routine in California. Since the onset of the 2008 financial crisis, many state and local governments have…
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To Enact Pension Reform, Make Good Policy Good Politics
In my previous post, I looked at some basic principles that should guide state policy makers when tackling pension reform. Now, we turn to the…