It is often said that states pleading for federal bailout are the most poorly managed, But that isn’t it. They are the most dependent on public employee campaign contributions to keep the political elite in power

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.

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