Is California's Union-Controlled Legislature Waking up to Pension Problem?

By Jon Coupal
02/12/2014
Is it possible that the California Legislature is finally coming to grips with the public employee pension crisis? We certainly hope so. For years, our political leadership has behaved more like ostriches with their heads buried in the sand regarding the many billions of dollars of “unfunded liabilities” in California’s pension funds. Unlike most retirement...

TAGS: California Legislature, CalPERS, CalSTRS, Jon Coupal, public employee unions

Economic Policy Impacts: Comparing Illinois to Texas and Indiana

By Mike Shedlock
02/12/2014
In the all important “Jobs Bowl”, far more important than the “Super Bowl” Illinois is losing out to Texas and Indiana. Via email from the Illinois Policy Institute: “The common refrain made against Texas by those who defend the status quo in Illinois is that the jobs being created in the Lone Star State are lower-paying...

Union Watch Highlights

By Editor
02/11/2014
Here are links to the top stories available online over the past week reporting on union activity including legislation, financial impact, reform activism, etc., from California and across the USA. Political targeting of Walker supporters proves it can happen here By Rick Manning, February 11, 2014, 2014 It can’t happen here. Government targeting and intimidation...

How Does "Zero-point-Eight at Sixty-Eight" Sound for a Pension Plan?

By Edward Ring
02/11/2014
The economy is picking up steam. State, city and county employees have willingly accepted millions upon millions of dollars in cuts to their pensions. California’s largest pension fund has recouped every single investment penny it lost from the Great Recession. So I thought perhaps California police officers, teachers, firefighters, and other public employees could finally exhale....

TAGS: Public sector pensions

The Fall of Pacific Grove – Privately Owned Real Property are the Only Assets to Pay for Pensions

By John Moore
02/11/2014
Part 6 of 7: Unions Will Seek Court Imposed Tax Increases Instead of Reform In a corporate bankruptcy, the judge can close down the business, sell the assets, and determine which creditors get paid. But in a municipal bankruptcy (MBK), a judge cannot force a city out of business. The city should come out of...

TAGS: CalPERS and Pacific Grove, Pacific Grove bankruptcy, Pacific Grove financial stress, Pacific Grove pension reform, Public sector unions and Pacific Grove

Tenure, Temerity and the Truth

By Larry Sand
02/11/2014
Los Angeles Times op-ed and teachers union defense of educational status quo are packed with malarkey. Now in its third week, the Students Matter trial still has a ways to go. Initially scheduled to last four weeks, the proceedings are set to run longer. On Friday, Prosecutor Marcellus McRae told Judge Rolf Treu that the...

TAGS: American Enterprise Institute, Andrew Biggs, California Federation of Teachers, California Teachers Association, David Welch, Dean Vogel, Democrats for Education Reform, Gloria Romero, Heritage Foundation, Jason Richwine, Joe Williams, Kevin Chavous, LA School Report, Larry Sand, Michelle Rhee, National Council on Teacher Quality, permanence, seniority, Students Matter, StudentsFirst, Teach For America, tenure

Crony Capitalism vs. Public Pensions

By Andrew Biggs
02/10/2014
A new union-sponsored study lowballs today’s pension costs by around two-thirds and overstates the net costs of corporate welfare. The Washington Post’s Lydia DePillis recently reported on a new union-sponsored study from Good Jobs First that claims that corporate welfare payments from state governments dwarf the costs of public employee pensions. To begin, we shouldn’t take this corporate welfare/public...

TAGS: corporate welfare, crony capitalism, unfunded pension liabilities

Blue-Collar Hot Spots: The Cities Creating The Most High-Paying Manufacturing Jobs

By Joel Kotkin
02/10/2014
It’s a common notion nowadays that American blue-collar workers are doomed to live out their lives on the low-paid margins of the economy. They’ve been described as “bitter,” psychologically scarred and even an “endangered species.” Americans, noted one economist, suffered a “recession” but those with blue collars endured a “depression.” Yet in recent years, according to research by...

TAGS: Joel Kotkin

Do We Need More Unionized State Workers?

By Jon Coupal
02/07/2014
Government employee union leaders are grinning from ear to ear. Governor Brown wants to hire an additional 1,600 employees and jettison some state contracts with private sector workers. It’s been said that all government work should be subjected to the “Yellow Pages test.” If a service provider can be found in the phone book —...

Death Knell for Pell: A Taxpayer’s Justification for Pulling the Plug

By R. Claire Friend
02/06/2014
Authorized by Lyndon Johnson in 1965 as the Higher Education Act to guarantee low-income minorities have the same opportunity for a college education as children in middle-class families, the program was renamed for Senator Claiborne Pell in 1980. Like most well-intentioned government programs, the projected costs for the new entitlement exploded and exceeded the funds...

TAGS: Pell Grants