Crony Capitalism vs. Public Pensions

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...

By Andrew Biggs