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    Pension Smoothing on UI Bill Is an Accounting Trick That Could Lead to Taxpayer Bailout

    The Senate is trying to use an accounting trick to claim deficit-reduction from a bill to extend federal long-term unemployment benefits. Far from that, the proposal to “smooth” pension contributions would merely shift tax revenue from the future into the present while destabilizing pensions even further and increasing the risks … More

    As Detroit Goes, So Goes the Nation

    Detroit is the poster child for economic decline. The city’s policies and politics over the past half-century should serve as a “do not” guide for policymakers across the country. There’s a great deal lawmakers in Washington can learn. The first is understanding that Detroit’s demise was the result of big-government, … More

    Another Day, Another Default: Postal Service to Miss $5.6 Billion Payment to Treasury

    In August, the U.S. Postal Service (USPS) failed to pay $5.5 billion due to the Treasury Department to fund health benefits for its retirees. This Sunday, USPS will miss a second payment to the Treasury, this time for $5.6 billion. This second default is no surprise; the USPS just doesn’t … More

    Even After Walker Reforms, Wisconsin Public Workers Still Overpaid

    “What Mr. Walker and his backers are trying to do is to make Wisconsin—and eventually, America—less of a functioning democracy and more of a third-world-style oligarchy.” New York Times columnist Paul Krugman was more theatrical than most in denouncing Act 10, the set of public-sector reforms signed by Wisconsin Governor … More

    States Take Action to Combat $1.26 Trillion Shortfall

    States are facing a whopping $1.26 trillion shortfall in funds to pay pension and health-care benefits for public sector employees, according to a new study by the Pew Center on the States. Wisconsin and Ohio, both of which made headlines for working to get pension costs under control, aren’t the … More

    VIDEO: Georgia City Saves Big After Privatizing Services

    Just outside Atlanta sits the city of Sandy Springs, Ga., a community that, on its surface, looks a lot like many others. But if you look at a little bit closer at how the city’s government works, you’ll find a remarkably different model of efficiency that stands apart from the … More