OutloudOpinion » Pensions

The Hurting Job Market

The G. Gordon Liddy Show — Wed, 30 Jun 2010 16:28:08 +0000

The number one issue facing Americans is simple: jobs. The job market is hurting and Americans are facing that reality everyday. Brett McMahon, vice president of Miller & Long (a construction company), talks about the construction industry, pensions, and the job market.

Federal Mutual Fund 5.11.10

Investor's Business Daily — Wed, 12 May 2010 01:09:09 +0000

Government Retirement: Democrats have obliquely admitted they covet Americans’ pensions. Last week, congressional Republicans told them to stay away. The shame is that they had to do anything at all.

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State-level pensions: Promises to keep

The Economist: United States — Thu, 18 Feb 2010 10:42:57 +0000

States face a looming pensions crisis

FISCAL officers in the states might be forgiven for having a collective mental breakdown. Over the two years from December 2007 to November 2009, the 50 states have faced a cumulative budget gap of $304 billion. Revenues are expected to continue dropping for at least the next two years. And looming in the not-too-distant future is an enormous bill: extravagant promises of pensions, health care and other benefits made to an ever-growing number of government retirees.

America’s states have a $1 trillion gap between benefits they have promised and the assets to pay for them, according to a report published on February 18th by the Pew Centre. Even this may be an underestimate. Pew used data from the states’ fiscal year that ended in 2008, the most recent for which comprehensive figures are available, so the $1 trillion does not include losses from late 2008 and early 2009 (or the partial rebound since then). In 2008 state pension funds lost more than 25% of their value. In some states the downturn has prompted reform. Those that failed to act now face even bigger problems. …

Payday For Unions 8.25.09

Investor's Business Daily — Wed, 26 Aug 2009 01:18:18 +0000

Labor: If there’s any question as to why union toughs turned up at recent health care town halls and got violent, consider what they were gooning for: a $10 billion bailout for their mismanaged pensions – at our expense.

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