News

The Pension Crisis in Cities

The Pew Center on the States issued a study this week that sheds further light on our municipal pension problems, a political crisis with strong Arendtian overones. Where most studies have focused on the enormous problems faced by states, this one focuses on cities: Cities employing nearly half of U.S. municipal workers saw their pension…Read more The Pension Crisis in Cities Posted on 17 January 2013 | 2:21 pm

Pension Ponzis: Questions About the Public Interest

The public pension crisis is eroding the American social contract. While many are up in arms against Governor Scott Walker’s heavy-handed attack on public unions, the fact is that Democratic governors in NY and California are also struggling with the inevitable need to reduce public pensions. Governor Jerry Brown in California admitted recently that public…Read more Pension Ponzis: Questions About the Public Interest Posted on 20 March 2012 | 11:29 am