Posts Tagged: issuance

Opinion

Stock market soars — and so do public pension costs

The New York Stock Exchange on Wall Street, New York. (Photo: Wikipedia)

The way our government accounts for public employee pension promises is nothing short of fraud, yet no public official has gone to jail or paid a price for what surely ranks among the largest muggings of citizens in US history. Let me explain. As the stock market reaches record levels, little is heard anymore from public officials who used to blame market declines for rising pension costs.

Support for Capitol Weekly is Provided by: