California’s soaring poverty rates tied to its fiscal irresponsibility

By Steven Greenhut
Sacramento The U.S. Census Bureau’s latest statistics, released this month, find that California’s poverty rate remains the highest in the nation, despite dipping ever so slightly. The reason is no surprise: It’s tied largely to the state’s unusually high cost of living. Yet despite Democratic lawmakers’ oft-stated concern about rising income inequality, they spent the...

TAGS: Pension liabilities, poverty, U.S. Census Bureau

Social Security is Healthy Compared to Public Sector Pensions

By Edward Ring
Last week yet another missive on the lessons to be learned from Detroit’s bankruptcy was published, this time in Forbes Magazine by Jeffrey Dorfman, an economist at the University of Georgia. Dorfman’s article, “Detroit’s Bankruptcy Should Be A Warning To Every Worker Expecting A Pension, Or Social Security,” clearly implies that future Social Security benefits...

TAGS: Detroit bankruptcy, Public sector pensions, Social Security, U.S. Census Bureau