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Commentaries


  • The Rise of Modern Monetary Theory Could Trigger Fiscal Armageddon
    The Rise of Modern Monetary Theory Could Trigger Fiscal Armageddon

    If MMT took hold, it would send our country down a very dangerous path.

    By Marc Joffe
    February 25, 2019

  • Before Oregon Diverts Tax Rebates to PERS It Should Make Lasting Pension Reforms
    Before Oregon Diverts Tax Rebates to PERS It Should Make Lasting Pension Reforms

    A one-time diversion of Oregon's Kicker rebate will do little to resolve the pension system's underfunding.

    By Marc Joffe
    February 22, 2019

  • California Counties Go Rogue on Legalized Marijuana
    California Counties Go Rogue on Legalized Marijuana

    The initiative passed by voters clearly states that no cannabis regulations may prohibit a licensee from using alternative technologies or procedures.

    By Geoffrey Lawrence and Matt Harrison
    February 19, 2019

  • Many Georgia Teachers Missing Out on Retirement Benefits, New Analysis Finds
    Many Georgia Teachers Missing Out on Retirement Benefits, New Analysis Finds

    The uneven nature of pension benefit accruals along with weak retention rates should signal to policymakers that they need to better tailor plan designs to the needs of public workers.

    By Anil Niraula
    February 19, 2019

  • Gov. Newsom Scales Back California High-Speed Rail Project
    Gov. Newsom Scales Back California High-Speed Rail Project

    The decision is a victory for fiscal responsibility and commonsense transportation policy.

    By Marc Joffe and Baruch Feigenbaum
    February 15, 2019

  • The FDA Is Hurtling Toward a Historic Mistake on E-Cigarettes
    The FDA Is Hurtling Toward a Historic Mistake on E-Cigarettes

    Food and Drug Administration Commissioner Scott Gottlieb is threatening "unprecedented" action against America's most popular tool to quit smoking.

    By Guy Bentley
    February 15, 2019

  • Florida Needs a New Approach to the Opioid Problem
    Florida Needs a New Approach to the Opioid Problem

    Lawsuit scapegoating doctors, pharmacies and pharmaceutical companies is neither accurate nor sensible.

    By Adrian Moore and Jacob James Rich
    February 14, 2019

  • Analysis of Georgia House Bill 109 and Its Impacts on Georgia TRS Solvency
    Analysis of Georgia House Bill 109 and Its Impacts on Georgia TRS Solvency

    How the bill would alter the Teachers Retirement System of Georgia's key indicators, such as normal cost, actuarially accrued liability, and employer contribution rate projections over the next 20 years.

    By Jen Sidorova
    February 13, 2019

  • Colorado Publishes New Report Examining Health Effects of Legalized Marijuana
    Colorado Publishes New Report Examining Health Effects of Legalized Marijuana

    Study finds virtually none of the public health fears about legalizing marijuana have materialized in the state.

    By Adrian Moore
    February 13, 2019

  • Don’t Look at $15 Per Hour Minimum Wage Out of Context
    Don’t Look at $15 Per Hour Minimum Wage Out of Context

    Before raising the minimum wage, Florida should examine the possible unintended consequences.

    By Adrian Moore
    February 8, 2019

  • California Overstates Bullet Train’s Climate Benefits
    California Overstates Bullet Train’s Climate Benefits

    California's high-speed rail system would provide little or no reduction in overall greenhouse-gas emissions

    By Marc Joffe
    February 7, 2019

  • Pennsylvania Commission’s Recommendations For the State’s $60 Billion Pension Debt
    Pennsylvania Commission’s Recommendations For the State’s $60 Billion Pension Debt

    "Without full annual funding, none of the following recommendations will be sufficient to ensure the availability of retirement benefits for future generations of public servants."

    By Jen Sidorova and Andrew Abbott
    February 7, 2019

  • Underfunded Pensions Heighten Risk of Service Insolvency for Local Governments in Illinois
    Underfunded Pensions Heighten Risk of Service Insolvency for Local Governments in Illinois

    Many local governments in the state face severe legacy cost pressures, but Chicago appears to be in a league of its own.

    By Marc Joffe
    February 6, 2019

  • Washington’s HB 1521 Risks Reducing Competition and the Quality of Services Provided to Taxpayers
    Washington’s HB 1521 Risks Reducing Competition and the Quality of Services Provided to Taxpayers

    The bill contains provisions that would undo the progress Washington’s competitive sourcing program has made.

    By Austill Stuart
    January 29, 2019

  • California’s Other Fiscal Time Bomb; $187 Billion in OPEB Liabilities
    California’s Other Fiscal Time Bomb; $187 Billion in OPEB Liabilities

    California’s state and local agencies have $187 billion in unfunded retiree health care and other benefit liabilities.

    By Marc Joffe
    January 25, 2019

  • Social Change Is Outside the Role of Public Pensions
    Social Change Is Outside the Role of Public Pensions

    Public pension plans can’t afford to undermine their fiduciary responsibilities in favor of making social or political statements. 

    By Anil Niraula
    January 18, 2019

  • Fitch Downgrades San Antonio Over Fiscal Inflexibility
    Fitch Downgrades San Antonio Over Fiscal Inflexibility

    The city was recently slapped with its first credit downgrade in a decade.

    By Steven Gassenberger
    January 17, 2019

  • Teachers’ Unions May Have to Put Students First, Rethink Opposition to Education Reforms
    Teachers’ Unions May Have to Put Students First, Rethink Opposition to Education Reforms

    ”What’s best for teachers is what’s best for kids” isn't always true.

    By Christian Barnard
    January 16, 2019

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