In June 2015, unfunded pension liabilities for Texas’ state and local retirement systems grew to almost $57.5 billion, totaling more than $42,000 owed per active member. From May 2014 to June 2015, unfunded pension liabilities have increased by more than $4.3 billion.
America Shines On
All of America was on display this weekend. Peace deals were announced via social media by the president, Team USA dominated Paraguay in soccer, and the UFC hosted a blood-soaked battle on the White House lawn. Something is happening. Policy and politics aside, the aesthetics of what has, and continues to, make America great is...