EconomyCommentary
Chicago’s Risky Bid to Dig Itself Out From Massive Pension Debts
Imagine if Congress wanted to issue $4 trillion in new debt in hopes of leveraging it to help pay down its existing $16 trillion in… Read More
EconomyCommentary
Imagine if Congress wanted to issue $4 trillion in new debt in hopes of leveraging it to help pay down its existing $16 trillion in… Read More
EconomyCommentary
Social Security takes a whopping 12.4 percent of American workers’ paychecks, but a new backgrounder by The Heritage Foundation shows that workers are getting a… Read More
EconomyCommentary
Social Security is on track to run out of money by 2034, at which point the program will be able to pay only about 79… Read More
EconomyCommentary
This year marks the first time in more than a quarter-century that Social Security has had to dip into its trust fund balance. Since its… Read More
EconomyCommentary
Reducing the minimum monthly payment on someone’s massive credit card debt and issuing them an additional credit card won’t solve that person’s financial problems. It… Read More
EconomyCommentary
Last month’s Supreme Court decision in Janus v. American Federation of State, County, and Municipal Employees hit public-sector unions like a bombshell. Now that public-sector… Read More
EconomyCommentary
If a 10 percent tax on restaurant meals wasn’t enough to jack up the cost of dining in Washington, D.C., city residents just voted for… Read More
EconomyCommentary
An economic crisis has engulfed Puerto Rico. The Financial Oversight Management Board, a federally-mandated advisory group, has worked to help Puerto Rico deal with its… Read More
EconomyCommentary
The Pension Benefit Guaranty Corporation is a government entity that provides mandatory insurance to private pension plans. The PBGC’s multiemployer program deficit—estimated to be between… Read More
SocietyCommentary
Generous pensions have always been a prime perk of government jobs. Now those pensions are causing government layoffs, reduced services, and tax increases. Take Harvey,… Read More