"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Can California be far behind in wanting a public pension bailout too? Apparently Illinois Governor Pat Quinn thinks the federal government should just go ahead and pony up the $200 billion or so the Illinois public pension system needs to…
Gov. Jerry Brown is expected to sign AB 340, a bill enacting landmark California public pension reform. In a rare show of bipartisan cooperation, the bill passed overwhelmingly on Friday with major support from both parties. The Senate vote was…
Based on government accounting rules, public pensions were underfunded by about $885 billion in 2011, which certainly indicates a major public pension crisis. But the real numbers are much worse than that. Public pensions are allowed to use far laxer…