Recent Posts

Fact-Checking the Fact-Checkers

PolitiFact bills itself the arbiter of truth, but it's been putting its thumb on the scales. By Michael Swartz · at ...

Read More

Why Democrats Love to Spy On Americans

 by Martin Armstrong at Armstrong Economics Michael Hastings was the journalist exposing the surveillance state. Hastings wrote about the investigation of reporters ...

Read More

Rush Limbaugh Predicts GOP Keeps House, Gains In Senate (Watch)

Conservative radio host Rush Limbaugh sat down with Fox News’ Sean Hannity to discuss the midterm elections. By  John S./flagandcross Conservative radio host ...

Read More

PELOSI MOBBED BY ANTI-COMMUNISTS IN FLORIDA

Benny Johnson | Reporter At Large/The Daily Caller House Minority Leader Nancy Pelosi was harassed by an anti-communist mob of protesters ...

Read More

New York Man Charged With Threatening Two Senators Over Kavanaugh Support

Brett Kavanaugh / Getty Images BY: David Rutz / Washington Free Beacon A 74-year-old New York man was arrested Friday for violently threatening two ...

Read More

The left's ugly methods of waging revolution

Larry Klayman blasts dirty weapons of sex, race, violence By Larry Klayman at Renew America   I have said it many times in ...

Read More

Republican lawmaker introduces motion asking for Maxine Waters' resignation

By Lukas Mikelionis, | Fox News Maxine Waters calls on supporters to 'harass' Trump officials in public Washington Examiner White House reporter Gabby ...

Read More

WHISTLEBLOWER: ‘HILLARY CLINTON WAS AND IS RUNNING A GLOBAL FINANCIAL CRIMINAL SYNDICATE’

 TORI MCNABB /redrightvideos According to Kevin Shipp, a former CIA officer and now-whistleblower, the alleged treason and crimes committed by American ...

Read More

NUNES ANNOUNCES NEW CLINTON EVIDENCE – ENTIRE SWAMP BURNED TO THE GROUND

 TORI MCNABB /redrightvideos Ohr is key in the new Clinton evidence that could burn the entire swamp to the ground: “Ohr’s wife, ...

Read More

Former FBI Agent Sentenced to Four Years in Prison for Leaking Documents

By Evie Fordham /WJ A former FBI agent in Minnesota was sentenced to four years in prison Thursday after pleading guilty to leaking ...

Read More

Latest News

[smoothslider]

How Public Employee Pensions Make Income Inequality Worse

Share

By /THE FISCAL TIMES

Marc Joffe, Director of Policy Research for the California Policy Center, has written for the Mercatus Center at George Mason University, the Reason Foundation and the Haas Institute at UC Berkeley.

 The Fiscal Times/iStockphoto

 

Despite the stock market’s strong performance, public employee pension systems remain well below full funding and pressure on government budgets is building. Get ready for another round of battles over public employee benefits.

This month, UC Berkeley’s Haas Institute, a progressive research center, has stepped into the maelstrom, arguing that the problem is overblown. In a policy brief, analyst Tom Sgouros argues correctly points out that a pension plan need not be fully funded to continue making payments over long periods of time, and even questions whether 100 percent funding is an appropriate objective.

While Sgouros and like-minded public finance experts make some valid points, they may be surprised to learn that public employee pensions are becoming a driver of income inequality.

Read More

 

Comments are closed.

Polls

Please take our reader satisfaction poll. Please select one from each part.

View Results