Tag Archives: ira

Thanks To Out Of Control Pensions, Local Governments Spending More To Do Less

Thanks To Out Of Control Pensions, Local Governments Spending More To Do Less

The right-left divide on government is between the liberal preference for high-tax, high-service government and the conservative preference for low-tax, low-service government. But thanks to out of control defined-benefit pensions, what Americans are increasingly getting is high-tax, low service government. The worst of both worlds: Local governments are spending less on public services because public

Legislature Set To Give New State Workers Option For Defined Contribution Plans

Public pensions, nationally, are a mess and while North Dakota has escaped most of the nation’s economic problems over the last several years, pension headaches aren’t something we’ve been able to afford. Late last year the North Dakota Auditor’s office published some ugly pension numbers for the state’s Public Employees Retirement System. According to the audit, NDPERS

President Obama's War On Saving

“I do think at some point you’ve made enough money,” President Obama said in 2010. Here’s that attitude about wealth at play, with President Obama’s budget calling for a cap on savings in IRS and 401k plans: Obama’s budget seeks to prohibit investors from accumulating over $3 million in tax-preferred retirement accounts. “Individual retirement accounts

Rahm Emanuel Illustrates Why Public Pension Funds Ought To Be Eliminated

America has a pension crisis. Pension funds for teachers and public workers around the nation are in trouble, falling well short of funding levels needed to pay out benefits into the future. Nationally pensions are facing an estimated $4.6 trillion in shortfalls, with the average pension fund only 41% funded, according to State Budget Solutions.

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