Detroit: D is for Disaster
By Larry Doyle, wallstreetpit.com
Those in Washington and elsewhere have little interest in drawing attention to the municipal disaster that is the City of Detroit, Michigan.
Tag Archives: government pension liabilities
Study: Unions Warping State Finances for Their Own Gain
By Ryan Murphy, The Heartland Institute
Public sector unions use the political process to suit their interests, and in doing so they create the incentive for politicians to kick the can down the road.
PA Unions say no changes needed as $47 billion unfunded liability grows
By Eric Boehm, Philly.com
For the chairman of the Senate Finance Committee, the big picture is also the bottom line.
Union-backed pension fix advances in Illinois Senate
Reuters
An Illinois Senate committee on Wednesday passed a union-backed plan to reduce the state’s nearly $100 billion unfunded pension liability by an estimated $15.7 billion.
Hawaii’s unfunded liabilities loom large
By Malia Zimmerman, Watchdog.org
Hawaii lawmakers took modest steps to address the state’s record $25-billion in unfunded liabilities during the 2012 and 2013 legislative sessions.
Will Pat Quinn seize his pension moment?
By Greg Hinz, Crain’s Chicago Business
There’s a time in life to keep your head down and quietly push ahead, trusting that progress is being made. And there’s a time to take a risk in the name of boosting your odds of final success.
Illinois Constitution may impede pension reform effort
Chicago Tribune
A House-backed plan to repair Illinois’ underfunded pension system, that would increase employee contributions while reducing benefits, may face a Constitutional challenge.
California Governments Confront $1.0 Trillion in Debt Thanks to Unions
By Ed Ring, Townhall.com
A study released earlier today by the California Public Policy Center entitled “Calculating California’s Total State and Local Government Debt” has estimated that state and local government debt is somewhere between $848 billion and $1.12 trillion. This is the first attempt we’ve ever seen by anyone to provide an estimate.
Pension surcharge is an unfair bailout
By Steve Knutson, Duluth News Tribune
In the decades I’ve worked in the insurance industry, I’ve been baffled at how heavily insurance policies are taxed and how little consumers know about it. Yet the Minnesota Legislature is looking at adding another new tax on our customers to bail out an underfunded pension fund for public-safety employees.
