Pension vampires

Pension vampires

With Pennsylvania’s two largest public pension plans facing billions in unfunded obligations, the time has come to at least merge their management and reduce the enormous fees and “carried interest” payouts, or better yet merge the funds...
Reformicide

Reformicide

There’s no quicker way to kill off meaningful good-government reform than subjecting them to¬†Pennsylvania’s fatuous and famously corrupt legislature.
Bread and circuses!

Bread and circuses!

Governing is often a difficult pursuit. Decisions have to be made regarding public needs that won’t please everyone, and in some cases actually create enemies. The ever-campaigning and politicking Lackawanna County Commissioner Pat O’Malley, on the other...
What’s that smell?

What’s that smell?

Citing bull market returns, county leaders have elected not to contribute to the employee pension fund. But just as the current market has gone up, it will surely go down some day, potentially taking the fund with it (see 2008-09) and leaving taxpayers holding the...