Posts Tagged ‘state debt’

Trickle-Down Debt, Failure


Monday August 15th, 2016   •   Posted by K. Lloyd Billingsley at 9:38am PDT   •   0 Comments

Politicians may bill it as “free”, but government monopoly in education is big business that racks up considerable public debt. As Dan Walters of the Sacramento Bee observes, in recent decades California has issued $45 billion in school bonds now being repaid at a cost of nearly $3 billion a year. With interest the…
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Veronique de Rugy on the State Pension Time Bomb


Tuesday March 8th, 2011   •   Posted by Emily Skarbek at 10:29am PDT   •   0 Comments

Over at Reason Magazine, Veronique de Rugy illuminates the State Pension problem by drawing attention to the differences in accounting rules applied by the market and the government. As de Rugy notes, states are not required to pony up regular contributions to pension systems and they systematically underestimate the liabilities in pension funds. State…
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