COMMENTARY: GAO pension survey reveals endemic corruption hiding in the hedges
Anybody who ever questioned how many layers of corruption are woven into state and municipal pension systems, should take a look at the latest Government Accountability Office report on “Challenges of...
View ArticleCOMMENTARY: Arendt Center raises question of ‘Pension Ponzis,’ public interest
Finally, somebody who never could be accused of vast right-wing conspiring has stared into the fiscal abyss of our municipal and state pension crisis. The Hannah Arendt Center this week acknowledged...
View ArticleCOMMENTARY: Latest municipal, state pension data show crash continues
Even as actuaries argued at their annual meeting here about the exact speed of our public pension crash, how to slow it with the least economic damage and who is going to take the hit, U.S. Census...
View ArticleCOMMENTARY: Probe of 1 state shows why agencies worry about muni minefield
How deep into debt have state and local politicians plunged taxpayers? Nobody really knows. The U.S. Securities and Exchange Commission is trying to find out, but a probe of just one state, Arizona, by...
View ArticleCOMMENTARY: This plan could save municipal, state workers’ pension checks
Hey, young public employees, what are you going to do when your pension checks bounce after you paid in for decades? That is what will happen in many — maybe all — states and municipalities sooner or...
View ArticleCOMMENTARY: Municipal, State Workers Should Take Their Pension Money and Run,...
By Frank Keegan | State Budget Solutions Public employees should take their pension money now and run to avoid the risk of getting reduced benefits […] The post COMMENTARY: Municipal, State Workers...
View ArticleCOMMENTARY: Public pension ‘best practices’ omit 1 thing: How do we pay...
Municipal and state pensions are at least $4 trillion in the hole as the National Conference of Public Employee Retirement Systems meets next week. Funds ended 2011 with the first year-over-year...
View ArticleKEEGAN: Municipal, state pension reform message gaining momentum
By Frank Keegan | State Budget Solutions Despite an organized campaign to stop public pension reform, reality is beginning to break through. One recent report […] The post KEEGAN: Municipal, state...
View ArticleSEC Report Reveals House of Bonds Turned Into Den of Thieves
The word “taxpayer” appears only 14 times in 165 pages of the Securities and Exchange Commission’s Report on the Municipal Securities Market released Tuesday. Only two of those mentions refer to...
View ArticleState Lawmakers Get Warning About Muni Bond Bind
National Conference of State Legislatures members meeting here ended their first day with even more bad news about municipal bonds, debt interest that takes more than 20 cents of every dollar they...
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