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.
Economy
The predictable outcome of California’s green energy policies has arrived and it’s a disaster
Back when I served in the California State Assembly from 2004 to 2010, California ranked 7th or 8th in the nation for electricity costs. At the time, the Democratic majority in Sacramento was pushing bill after bill mandating greater reliance on renewable energy, assuring everyone that these policies would make us look like “geniuses” when the price...
March 3, 2025