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8:54 AM, May 16, 2013 • By GEOFFREY NORMANThe designated moderate in the Republican presidential field, Chris Christie, will have to run on a little more than his famous bellicosity. There is the matter of his record as governor of New Jersey and his success in dealing with that famously Republican constituency: organized labor. In that regard, Christie may have a problem.
As Jarrett Renshaw writes in the Star-Ledger:
Gov. Chris Christie has warned potential investors there is no guarantee the state will make its required pension payments in future years, an admission that underscores a looming financial crisis he and future governors face as retirement costs are expected to explode before the decade ends.
The problem of large, unfunded pension obligations has not gone away and numbers do not respond to bluster.
11:15 PM, Jun 22, 2011 • By MARK HEMINGWAYIt's really quite remarkable that the problems of public pensions were even allowed to get this bad:
U.S. state and local governments will need to raise taxes by $1,398 per household every year for the next 30 years if they are to fully fund their pension systems, a study released on Wednesday said.
Read more... 8:16 AM, Apr 11, 2011 • By MICHAEL WARRENTom Cross, the Republican minority leader in the Illinois state house of representatives, emailed this letter to the editor in response to Eli Lehrer's article, "Pensions Aren't the Problem," which appeared in the March 28th issue of THE WEEKLY STANDARD:
In his recent article “Pensions Aren’t the Problem”, author Eli Lehrer highlighted the State of Illinois’ pension crisis in attempting to make his case that pension reform doesn’t make much difference in a state’s fiscal health.
Read more... Obama’s advice to college students. Oct 25, 2010, Vol. 16, No. 06 • By ANDREW B. WILSONPresident Obama continues to sell his omnibus anti-work, anti-jobs, and antigrowth program at colleges and universities across the country. This is a setting where “most folks” (to use a favorite presidential expression) cling to their own version of guns and religion—consisting of left-wing political causes and a devout sense of being the bearers of a new Enlightenment.
Read more... 3:50 PM, May 6, 2010 • By MARY KATHARINE HAMThe Dow fell nearly 1,000 points today and MSNBC's Savannah Guthrie informed White House Press Secretary Robert Gibbs of it at the daily press briefing. Her question was the first he had heard of it, and he answered the question with generalities about the "Treasury monitoring Europe and the Greek crisis," according to reporter David Corn, who was at the briefing.
Read more...
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