Blog

Up to the minute news and views

  • Opinion

    Milliman government pension report exposes magnitude of catastrophe

    October 26, 2012

    When a "premier global consulting and actuarial" firm proves in its first Public Pension Funding study that those government pensions are doomed, it is past time for action. Milliman's study showing a 33 percent increase in pension debt over official numbers from a minute change in accounting should be enough to spur reform.

  • Blog: Washington

    Moving away from "Bureaucratic Centered Health Care"

    by Jason Mercier | October 25, 2012

    Washington State was selected as one of 15 states to design plans that would more effectively deliver their care and coordinate the Medicare-Medicaid programs.

  • Blog: Washington

    Gregoire kicks off state LEAN conference

    by Jason Mercier | October 23, 2012

    Governor Gregoire this morning opened a 2-day state conference on LEAN and the impact this tool is having in Washington State.

  • Opinion

    The looming shortfall in public pension costs

    The Washington Post | by Robert Novy-Marx and Josh Rauh | October 22, 2012

    Robert Novy-Marx and Josh Rauh studied how much additional money would have to be devoted annually to state and local pension systems to achieve full funding in 30 years, a standard period over which governments target fully funded pensions. Or, to put a finer point on it, we researched: How much will your taxes have to increase? We found that, on average, a tax increase of $1,385 per U.S. household per year would be required, starting immediately and growing with the size of the public sector.

  • Opinion

    GASB government pension message not even false

    October 18, 2012

    No matter what the Government Accounting Standards Board says or how grossly state and local politicians pervert new guidelines to continue looting workers' pension funds, reality will triumph when the real reckoning comes. Just ask the National Association of Bond Lawyers, municipal bond rating agencies and actuaries who do the calculations.

  • Opinion

    New book on public pensions only missing 1 thing: Reality

    October 11, 2012

    Anyone interested in the state and local government pension crisis - and all Americans should pay attention to this hidden $4.6 trillion hidden black hole in our economy - must read Alicia H. Munnell's new book, "State and Local Pensions: What now?" It is the best primer on this complex issue except for one missing factor: Reality.

  • Blog: Washington

    Updated Washington state legislative tax survey results

    by Jason Mercier | October 10, 2012

    The Washington Policy Center published the results of our legislative tax survey that asked legislators and candidates (including gubernatorial) the following question: If Initiative 1185 is adopted, would you vote to allow the people of Washington to have the opportunity to vote on a state constitution amendment to require a supermajority vote in the legislature to raise taxes?

  • Opinion

    'Dysfunctional' pension plans need radical fix now

    October 4, 2012

    When a widely recognized world pension expert refers to current defined benefit and defined contribution plans as "dysfunctional," it is time for politicians to stop their lying and denying that this fiscal catastrophe is spiraling out of control.

  • Opinion

    Public workers pay taxes with taxes paid by private workers

    October 2, 2012

    When State Budget Solutions started looking at real total state debt, just the staggering size of the numbers alone did not tell the whole story. So how to get a fix on the real burden taxpayers must bear in each state? Per capita is the usual way. But even that does not tell the whole story.

  • Opinion: California

    Viewpoints: Private pension plan would raid taxpayers to fill public pension gap

    October 2, 2012

    Anyone who thinks entrusting even more money in a Secure Choice "partnership between the private sector and public sector to provide lifetime retirement security for all" should check the public sector history of stewardship.


  • Previous   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18   Next