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Pension Guarantee Would Be a Hammock Not a Safety Net

A few years ago, I was talking to a new college graduate who was moving to an expensive, distant city where she didn’t have a job. I asked, “How will you support yourself?” She shrugged and said her parents had money and would support her whether or not she found work. I couldn’t help but think, “Her parents aren’t doing her any favors.” Sure enough, during the past several years she has failed to hold steady long-term employment. These types of blank-check relationships often are filled with...

Fundamental Change Needed for Infrastructure Management: Report

If taxpayers and ratepayers want to avoid unaffordable utility bills and huge liabilities in the not-too-distant future, they must insist now on more competition, oversight, and innovation in the way public officials manage the nation’s water and sewer systems. That’s the conclusion of a comprehensive study by the 362,000-member National Taxpayers Union (NTU). The analysis projects hundreds of billions of dollars in future government expenditures could be saved by adopting techniques such as...

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