AUGUST 20, 2010 The SEC’s Jersey Score At last, a state gets hit for securities fraud. The movement to clean up state pension funds is gaining momentum, and the latest evidence is that even the Securities and Exchange Commission is getting in on the action. In the Wonders Never Cease Department, the SEC has scored […]
STATES’ VERSION OF A PONZI SCHEME Read More »
AUGUST 19, 2010 Unfunded Public Pensions—the Next Quagmire A federal bailout would cost trillions and prevent necessary reforms. But there are several ways states can rationalize their workers’ retirement benefits. By R. EDEN MARTIN The next big issue on the national political horizon may be whether the federal government should bail out the many budget-strapped
THE NEXT BAILOUT – UNFUNDED PENSIONS Read More »
AUGUST 17, 2010 Notable & Quotable Abraham Irwin on how a multi-employer pension plan liability destroyed his business. Abraham Irwin, commenting at WSJ.com in response to the Journal editorial on Aug. 16, “The Next Pension Bailout”: MEPPA [Multi-employer Pension Plan Amendment Act] is not only bad for industry and tax payers, but it is bad
MULTI-EMPLOYER PENSION PLAN DESTROYS Read More »
AUGUST 15, 2010 The Next Pension Bailout New momentum to dump union retirement burdens on taxpayers. Congress is gone for August—heaven be praised—but that hasn’t stopped unions from quietly mobilizing to push through a big new priority this fall: a pension bailout. Big Labor is going Code Red on the issue, in the face of
BAILING OUT THE UNION’S MULTI-EMPLOYER PENSION PLANS Read More »
AUGUST 11, 2010 Stimulus Pushers EXCERPT FROM THIS ARTICLE: The unions themselves could have prevented some layoffs had they been willing to adjust their rich benefits. In Milwaukee, for example, nearly all of the 500 teacher layoffs announced earlier this year could have been avoided if the unions had agreed to change health plans that
DEMOCRATS TO THE RESCUE! Read More »
Washington Times May21, 2010 Sidetracking the Gravy Tain If you are an elected official, and you have to make a choice between raising taxes on your constituents or cutting the number of government employees and their salaries, what would you do? For most of the last few decades, in most places, the politicians would just
CUTTING THE PUBLIC SECTOR Read More »
