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    No Federal Bailouts for State and Local Government Pension Problems

    There is bad news and worse news for state governments faced with underfunded pension promises. First, a new academic study shows that not only is the total gap between the pensions that state governments have promised to pay their employees and the available resources much larger than previous estimates, but … More

    Why the Issue of Overpaid Government Workers Matters

    Government workers probably aren’t overpaid, and even if they are, we shouldn’t care. This is Paul Krugman’s message in a recent blog post that takes on the critics of government pay. He is wrong on both counts. The Heritage Foundation has written extensively about public-private pay disparities, and we have … More