Regulation

The Trillion Dollar (and then some) Pension Gap

  • Nathan Benefield
  • February 23, 2010

The Pew Report on state pensions, finding a $1 trillion unfunded liability nationally, has already received a great deal of attention, so here are just some brief highlights for…

Media

Read More: The Trillion Dollar (and then some) Pension Gap

Taxes & Economy

Rendell Lured to Stimulus Like a Moth to a Flame

  • February 23, 2010

The lure of federal stimulus funds is encouraging Pennsylvania to spend more of state taxpayers’ money as well. Here are three examples: The Commonwealth was awarded $35 million through the…

Media

Read More: Rendell Lured to Stimulus Like a Moth to a Flame

Government Accountability

PA Lawmakers Use Per Diems to Buy Houses

  • Nathan Benefield
  • February 22, 2010

I have often remarked that the exorbitant costs of Pennsylvania legislators’ per diems (see Tribune Review and ABC 27 stories) – that they receive to pay for food…

Media

Read More: PA Lawmakers Use Per Diems to Buy Houses

Government Accountability

Lower Legislative Pay = Better Government

  • Nathan Benefield
  • February 22, 2010

A new study of state legislative pay and party competition in the American Political Science Review, finds that, in addition to greater party competition, modest pay for legislators leads…

Media

Read More: Lower Legislative Pay = Better Government

Taxes & Economy

Did the Stimulus Raise Unemployment?

  • Nathan Benefield
  • February 22, 2010

Alan Reynolds takes a nuanced approach to where stimulus funding went, and why it didn’t “create jobs” or increase GDP, and probably increased unemployment: [T]he GDP report clearly…

Media

Read More: Did the Stimulus Raise Unemployment?

Regulation

Pension Obligation Bonds: Worst Idea Ever

  • Nathan Benefield
  • February 21, 2010

Rick Dreyfuss has a new article for the Mackinac Center in Michigan, where lawmakers are floating the idea of Pension Obligation Bonds to help fill their pension gap.  Of…

Media

Read More: Pension Obligation Bonds: Worst Idea Ever

State Budget

Will the PA “Cost Cutting Commission” Cut Costs?

  • Nathan Benefield
  • February 21, 2010

The Pennsylvania Senate’s new Cost Study Commission met for the first time on Friday, discussing the cost of the state fleet – which currently maintains 16,000 vehicles, half of…

Media

Read More: Will the PA “Cost Cutting Commission” Cut Costs?