Who cares about public pension liability? Well, you should – after all, it’s the reason entire cities and even states are facing bankruptcy. Joshua Rauh, professor of finance at Stanford and Senior Fellow at the Hoover Institution, paints a startling picture of just how broken the public pension system really is, and what will happen if we continue to ignore it.
By Mark Vargas, Editor-in-ChiefIn the early morning hours on Friday, Illinois lawmakers quietly passed one of the most dangerous and unconstitutional measures in our state’s history – House...
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