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Unions: Political by Nature
Two items in The Wall Street Journal today highlight a feature of organized labor that distinguish it from other special interests: Unions, as they have existed in…
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Politicians’ Incentives to Give in to Government Union Demands
In his column today, George Will identifies a key problem in addressing overly generous government employee compensation: incentives. While he rightly places the blame…
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Former GAO Auditor: Public Pension Underfunding Worse than Pew Estimates
This week, GASB approved new standards that would require state pensions that are less than 80 percent funded to base income projections on lower — more…
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Highway Bill Would Continue Pension Underfunding Shell Game
As if the Senate Highway Bill (S. 1813) could not become more of a lumbering monster, along comes its Section 40312, which allows "pension…
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The Growing Threat of a PBGC Bailout
Everyone hates a bailout. Or at least that's what everyone says, until circumstances force some business leaders to seek them and politicians to grant them…
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Will New GASB Rules End States’ Fuzzy Pension Math?
Today, the Governmental Accounting Standards Board (GASB) voted to approve new government accounting standards that will provide a clearer picture of the liabilities taxpayers across the…