How You Will Bail Out State Pension Systems
Huge government retirement savings accounts run by liberal politicians—what could possibly go wrong?
Huge government retirement savings accounts run by liberal politicians—what could possibly go wrong?
California’s true poverty rate is an eye-popping 20.6 percent—the highest in the nation. Proportionately, California’s Supplemental poverty rate is 38 percent higher than Texas’—something that should be a source of embarrassment for the home of Hollywood, the Silicon Valley and the nation’s highest marginal income tax rate.
Substantially increased federal support to higher education has encouraged two things: a corresponding decline in state spending concomitant with an erosion of higher education’s accountability to lawmakers, taxpayers, and students.
But the cap-and-trade market is showing dangerous signs of weakness. Not only have auction revenues collapsed in the last two auctions in May and August, but the competitive landscape for the auctions has collapsed as well.
Texas crime rates are at historic lows and its incarceration rates are heading lower, mainly due to a shift in treatment of non-violent offenders, which leaves more room in state lockups for the violent. These successful criminal justice reforms have resulted in improved public safety and a lower cost to taxpayers.
The most-populous state is giving the largest entertainment company the biggest ever film subsidy—what could go wrong?
Without pension system reform, government increasingly risks being seen by taxpayers as little more than a public employee pension system collection agency
If the global warming alarmists are correct, rising CO2 could lead to runaway planetary warming while conversely, low CO2 levels would result in runaway cooling
Today California's High-Speed Rail boondoggle is at least 50 percent over budget and, if ever built as marketed, likely far more, and doesn't have "matching private and federal funding" as promised.
Rather than pay 50% more for labor that isn’t 50% more productive, business owners are likely to instead hire more part time workers or ask more productive—and higher paid workers—to fill the gap.
But by 2014, Texas consumers were paying 14 percent less for their electricity, on average, than the rest of the nation. Market deregulation was a success.
America's ongoing turmoil is partly fueled by the growing distrust between the cloistered elites and the rest of the nation.