Oregon lawmakers can’t raise taxes fast enough to keep up with an entitlement pension plan that dominates all other spending needs across the state.
To say America appears headed for a destabilizing debt crisis is not the same as saying every cultural consequence will be negative. It could well lead to a mass religious revival.
Every state is now essentially a right to work state. It’s not an overstatement to say this ruling is a death knell for unions as we know them, and will dramatically change Democratic politics.
We calculated how much the taxpayers of Illinois, New Jersey, Kentucky, California, or Connecticut might benefit if some public school families were given school choice.
The more levels of government that interfere with a school, the more waste, fraud, and abuse its leaders can get away with because it’s not clear who is responsible for what.
Politicians can make promises without having to worry about transparency or its consequences, like honesty and effectiveness. Thus, America is drowning in state and local debt.
The cumulative debt for all public pension systems is at $5.599 trillion, or $46,884 per household. Most is for teachers, whose unions have for years resisted improvements for kids.
California Gov. Jerry Brown just signed a law that requires a 3 percent payroll deduction for retirement accounts, with the money going to the state for safekeeping.
Some of the inevitable bills for lawmakers’ refusal to pay for their spending will show up much sooner than expected.
Citizens and local leaders should use the looming pension crisis in many states and cities to release local governments from centralized control.
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