Ignore Those Numbers Behind The Curtain

March 8, 2010

Last week, Larry Elkin commented here about the report by the Pew Center on the States that revealed a $1 trillion funding gap between what states have promised in retirement benefits to public employees and what they have actually set aside to meet those obligations. The report made it clear that the situation is bad, but I believe this situation is actually even worse. When states calculate the portion of …

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The $1 Trillion Empty Promise

March 2, 2010

Employees of state and local governments across America labor for (usually) fairly modest salaries, but they have the security of knowing that their employers guarantee them generous pension, health care and other retirement benefits. They ought to feel quite a bit less secure. A recent report by The Pew Center on the States found a $1 trillion gap between what states have promised and what they have actually set aside …

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Unions Build A Public-Sector Stronghold

February 3, 2010

The Department of Labor recently reported that most union members these days are government employees. According to the new study, in 2009 7.9 million public-sector workers belonged to unions, compared to 7.4 million private-sector workers. The public sector has been more highly unionized than the private sector for years, and the gap has steadily widened. In 1983, the first year the Bureau of Labor Statistics collected comparable data, 34 percent …

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