Still absent from much of the discussion regarding state and local government budget deficits is an attempt to properly assess rates of worker compensation. But if one performs this exercise, normalizing for all present and future benefits, it immediately becomes clear that the true compensation of public employees is significantly higher than is being commonly reported, [...]

As we quite rightfully expose and attempt to rid our society of corruption in the corporate and financial sectors, and as we support legislation to root out the excessive influence they have exercised in politics, it is a mistake to allow such efforts to blind us to the reality of corruption in other areas. Over the past [...]

We have been warning readers about the pension crisis for a few years now.  In a nutshell, the problem is the following:  California public employee unions - which are virtually unregulated despite the fact they operate in the uncompetitive public sector - have pretty much taken over California’s state and local governments. In recent years [...]