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Allahpundit HotAir.com 1/27/2011 Ryan and Bachmann did well, but as an antidote to The One’s dissociative psychological break from fiscal reality, this is the best SOTU rebuttal you’ll see. No fireworks this time; what makes it effective is that it’s so matter-of-fact, to the point where I almost gasped at the bluntness of his response […] January 27th, 2011 | Tags: public sector pensions, truth | Category: Economy, Illinois, New Jersey, Politics, Taxes, Unions, Video | Comments are closed
Michael A. Fletcher The Washington Post 1/8/2011 After years of papering over severe budget shortfalls, Illinois lawmakers Friday were closing in on a plan to raise the state income tax by 75 percent and refinance roughly $8.5 billion in debt in an effort to stabilize the state’s finances. The deal, still being hashed out […] January 12th, 2011 | Tags: public sector pensions | Category: Illinois, Taxes, Unions | Comments are closed
‘Pay-to-play’ Rattner agrees to pen-$hun Bruce Golding and Kaja Whitehouse New York Post 12/31/2010 …Former Obama administration “car czar” Steven Rattner yesterday walked away from his collision with Attorney General Andrew Cuomo by agreeing to a $10 million fine and a five-year ban on appearing before any state-pension funds. But Rattner, who headed the massive […] January 1st, 2011 | Tags: "pay-to-play", Alan Hevesi, Attorney General Andrew Cuomo, Chrysler Corporation, General Motors, Hank Morris, New York State Common Retirement Fund, public sector pensions, Quadrangle Fund, Steven Rattner | Category: Barack Obama, Crime, New York | Comments are closed
The NEXT 10 City Pensions That Will Run Out Of Money Gus Lubin Business Insider 12/27/2010 The first total municipal pension default happened last week: Prichard, Ala. ran out of money stopped mailing pension checks. Hundreds of cities could be right behind. Projections by Robert Novy-Marx and Joshua Rauh [PDF] show the average city has […] December 27th, 2010 | Tags: bond investors, municipal default, property taxes, public sector pensions | Category: Economy, Taxes, unemployment, unfunded liabilities, Unions | Comments are closed
LaborUnionReport RedState 12/18/2010 You’ve been hearing for quite a while now that public-sector unions are a threat to the economic survival of the United States. With an estimated unfunded liability of up to $3 trillion (and perhaps much more), public-sector pensions are a noose around the neck of America’s taxpayers and it is threatening to […] December 18th, 2010 | Tags: Central Falls, Chicago, public sector pensions | Category: California, Illinois, Rhode Island, Taxes, unfunded liabilities, Unions, Video | Comments are closed
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