Meanwhile things are hung up in the Senate because some pols are insisting that taxpayers from relatively well run states prop up the lavish government employee pensions in states like Illinois, Connecticut, and California.
(From The Detroit News)
Michael LaFaive of Michigan-based Mackinac Center for Public Policy and Carol Platt Liebau of Connecticut-based Yankee Institute recently wrote in an op-ed in The Hill that politicians in Connecticut — which was third worst in the TIA study with a taxpayer burden of $51,800 — would welcome a federal bailout. Due to unsustainable retirement promises to state employees and teachers, the state spends more on post-employment benefits than it does on education or transportation.
This content is courtesy of, and owned and copyrighted by, https://www.ac2news.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.