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Government Green Appliance Subsidy Half-Baked, Says Study

Academic research examining the outcomes of a green subsidy program contained within the larger American Recovery and Reinvestment Act of 2009 (ARRA) has found that the program largely failed to achieve its stated goals. The State Energy-Efficient Appliance Rebate Program (SEEARP)—commonly referred to as “Cash for Appliances” (C4A)—was a green subsidy program baked into the federal government’s “stimulus” efforts to revitalize the national economy, after the 2008 financial collapse. Intended to...

Study Says States Skimping on Pension Funding

Despite requirements to fully account for and balance spending and revenue, state governments are carrying a massive amount of unfunded liabilities on their accounting sheets—endangering the finances of future taxpayers and retiring public-sector employees alike. New research conducted by State Budget Solutions (SBS)—a non-partisan public policy organization focusing on local and state budget issues—estimates the total value of states’ unfunded public pension liabilities to be worth $4.7...

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