As long as this vicious cycle is in place, unions will continue to receive favorable legislation which rewards a few while harming many.
It does not take an economist to explain how union and bureaucrat-backed pension plans are killing California.
Increase continued even while average household size declined
Veronique de Rugy’s latest examination of national data highlights the upward and accelerating trend of federal spending on a per household basis – with a blip in the past two years. The Mercatus Center scholar, of George Mason University, adjusted spending figures to remove the impact of measured inflation, and found that in the last decade alone per household spending increased by 38 percent, from $21,891 to $30,174.
2010 brings earlier than expected cash flow deficit
Veronique de Rugy, a senior research fellow with the Mercatus Center at George Mason University, released an update on the fiscal status of Social Security last week. Her finding suggests the costs of the United States’ more than $200 trillion federal debt, accounting for unfunded liabilities such as Social Security, have arrived.
Financial and political analysts highlight growing national debt and instability of dollar NEW ORLEANS, La. — From Wednesday through Saturday, 700 investment enthusiasts and 300 speakers and exhibitors attended the 36th New Orleans Investment Conference. The Hilton Riverside event included a wide range of wealth management and natural resource prospecting firms – fitting with its…
By Elizabeth Crum
Executives at the casino giant Harrah’s pushed company employees to vote early in an all-out effort to help the Harry Reid campaign, according to internal emails obtained by Battle ‘10.
Tax Foundation ranks the state 36th in nation This week the Tax Foundation ranked Louisiana 36th in its annual State Business Tax Climate Index, down from 35th last year and 32nd in 2006. South Dakota took first place with the lightest tax burden, while New York came in last with the heaviest. The Tax Foundation,…
Defined contributions a potential solution to states’ unsustainable liabilities
By Annie Dwyer
As candidates across the country ramp up pre-election promises to deplete mountains of debt, something is still missing: real solutions. Pension and healthcare benefits threaten to overtake state and local budgets, and yet few government officials, incumbents and those seeking office, seem to be able to answer the tough questions about their plan to tackle these issues.
A fantastic success, for government, says Robert Higgs Robert Higgs is editor of the Independent Review and a senior fellow with the Independent Institute in Oakland, California, but he resides in Louisiana. In his presentation to the Mises Institute Supporters Summit – held from October 8th to the 9th – he reflects on just how…
New film calls for reforms that challenge the education bureaucracy
“I thought there was no one with enough power to save us… I was waiting for Superman,” laments Geoffrey Canada. Now an education leader and prominent character in the new Davis Guggenheim film, Canada’s dire schooling experience sets the scene for a look at “the short end of the stick” that young Americans have been getting from government schools. (Article continues below.)