Commentary

Government Pensions Crisis getting worse

Time magazine digs into the issue. Choice bit. . .

A study by analysts at Barclays Global Investors in San Francisco estimates that public-employee pension funds in the U.S. are short $700 billion. That’s more than all state and local governments collected last year in property, sales and corporate income taxes combined.

Adrian Moore

Adrian Moore, Ph.D., is vice president of policy at Reason Foundation, a non-profit think tank advancing free minds and free markets.