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 Illinois ReviewWhile Illinois residents prepare to absorb more than $800 million in new taxes and fees, lawmakers in Springfield have approved a budget that also includes pay...
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