The fiscal crisis at the State and local level has many causes. The proximate cause is the significant economic recession, from which the U.S. economy still struggles to recover.
What happens in most States is the legislature will set the discount rate that they want to use for the pension.
It is the chasing of returns that is driven by the fact that a high return is imposed on them by legislatures.
Obviously, a large portion of the debt that has been issued and is currently being issued by the United States is held b...
the average rate of tax collection has been roughly 18 percent of GDP. Whether we like it or not, whether we think it sh...
In a weak economy, where you are facing financial instability, higher income people... have the greater ability to weath...
We have got billionaires that aren't paying any taxes all over this country, we have everyone sheltering money offshore....
I would just give an example, I will say good things about my in-laws.
resolving these issues in the near term helps both individuals, businesses and financial markets have confidence in the ...
My greatest concern is not so much for this recession as the next one, which inevitably will come.
we have to compete for workers with the private sector.