To date, five states—Georgia, Kentucky, Louisiana, Maryland and Ohio—have postponed their presidential primaries. More states may well follow. But these elections cannot be put off indefinitely. Parties need to hold their conventions and select a presidential nominee before the autumn general election….(Read more)
Across the United States, myriad pension and trust funds are in trouble. Serious trouble. The U.S Postal Service’s retiree health benefits fund is underfunded by $70 billion and will be depleted in 10 years. In Illinois, the state’s teacher pension fund is 60 percent underfunded. Kentucky’s public pension is so underfunded that some employers have to fork out […]
The United States Postal Service has many troubles. Mail volume has plunged more than 30 percent since 2007. The agency, which was designed to be self-funding, has run deficits for many years. And earlier this year, the postmaster general told Congress the agency would run out of cash in 2024. If that happens, the USPS […]
About $8.8 billion — that is how much the U.S. Postal Service lost in the past year. That is an eye-popping number. The agency is also carrying $11 billion in debt and has more than $120 billion in funded pension and health liabilities. To be sure, some of that deficit is due to actuarial factor. […]
It is difficult to overstate how wrecked the federal budget process is. Late last month, President Trump signed a 30-day stopgap funding measure to dodge a government shutdown. This was the second time this autumn that Congress and the president had to resort to such a continuing resolution. Governing through short-term spending bills has become […]
Last month, Elizabeth Warren paid a visit to the National Education Association (NEA). She was doing what candidates always do: hunting for votes. So one can understand why she was there and why she wanted to please the union. But her comments on charter schools were an affront to any parent or anyone who cares […]
