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    Taxpayers Benefit from SEC Action Against Lying about State Pension Underfunding

    The fact is that New Jersey lied and got caught, but taxpayers everywhere may benefit. Yesterday, the State of New Jersey settled with the SEC on charges that the state committed securities fraud by failing to disclose the true state of its state employees pension funds. This admission is an … More

    Tomorrow's Local Government Pension Crisis is Here

    When it comes to retirement and pension benefits, federal, state, and local government officials have all been humming the same mantra: never pay for something today if you can put off paying for it until tomorrow. Unfortunately, tomorrow is here. The federal government is on the hook for $41 trillion … More