California

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Cut Up the Credit Cards

Coast to coast, states are leaving taxpayers on the hook for massive debt payments over the coming decades as state governments continue to abuse their metaphorical credit cards. A new report released last week says state governments have more than $5.1 trillion in debt, largely because of pension obligations to former and current state employees, …

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Paul Krugman is Wrong… Again

Writers sometimes worry if a day will come when they have nothing more to say. As long as Paul Krugman is around, I will never have that worry. Boston University professor, Lawrence Kotlikoff has suggested that Krugman return his Nobel Prize. I hope he doesn’t. As long as someone with Krugman’s professional status gets his …

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