Tuesday, October 29, 2019

Prager University: Public Pensions: An Economic Time Bomb

Very recommendable! It's a huge scandal! How politicians buy votes! About the excessive influence of public sector unions!

Public Pensions: An Economic Time Bomb | PragerU: Who cares about public pension liability? Well, you should – after all, it’s the reason entire cities and even states are facing bankruptcy. Joshua Rauh, professor of finance at Stanford and Senior Fellow at the Hoover Institution, paints a startling picture of just how broken the public pension system really is, and what will happen if we continue to ignore it.

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