Financial Report Reflects Ideology More Than Facts
The release of the final report(s) of the Financial Crisis Inquiry Commission (FCIC) brings to mind the story of several blind men trying to describe… Read More
The release of the final report(s) of the Financial Crisis Inquiry Commission (FCIC) brings to mind the story of several blind men trying to describe… Read More
The year 2011 will be the year of decision for underfunded state and local governments with pension and debt problems. The end of federal money… Read More
It turns out that many city public pension plans are just as underfunded as various state plans are. For instance, Chicago has only about $22… Read More
Today’s announcement that Social Security recipients will not receive a cost-of-living adjustment (COLA) again in 2011 brought an immediate reaction from House Speaker Nancy Pelosi… Read More
There is bad news and worse news for state governments faced with underfunded pension promises. First, a new academic study shows that not only is… Read More
The fact is that New Jersey lied and got caught, but taxpayers everywhere may benefit. Yesterday, the State of New Jersey settled with the SEC… Read More
With the introduction of new legislation to implement the Automatic IRA—a simple, low-cost retirement savings vehicle for employees of small businesses—the effort to enable many… Read More
Almost as soon as the 2010 Social Security trustees report comes out today, various groups will claim that the program is fiscally healthy because its… Read More
An article on the Automatic IRA in the July 13 edition of the Capitol Hill newspaper The Hill (“Democrats and AARP want to make IRA… Read More
Like the monster in a third-rate horror movie that seems to be destroyed but comes back again and again, some bad ideas in Washington keep… Read More