Tag: pension debt
Chicago’s Road to Dystopia Is Paved with Public-Pension Promises

Have you ever wondered what it would really be like to live in a post-apocalyptic dystopia?

Gov. Jerry Brown Proves Me Right on Public Pensions

As part of a year-long national campaign promoting my book California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis, I’ve been saying that it’s impossible to have both public governance of defined-benefit public pension plans and responsible management of these plans. Politicians face strong perverse incentives to mismanage the plans for their...
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