Tag: Debt
Tag: Debt
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Is There Another Star in the Flag’s Future?
Puerto Ricans voted in a non-binding referendum earlier this month on whether the island should remain a U.S. territory, become a state or press for independence. Because of calls by…
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Unaccountable and Unaffordable 2016: Unfunded Public Pension Liabilities Near $5.6 Trillion
State public pension plans are now underfunded by nearly $5.6 trillion – an increase of almost $900 billion from State Budget Solutions’ (SBS) last comprehensive report in 2014.
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Spending Cuts and Tax Reform: Not ‘Heads’ or ‘Tails’
Insofar as state fiscal policy goes, taxes and spending are permanently linked as two sides of the same coin.
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Constitutional Amendment Requiring State Approval for Increases in Federal Debt
Whereas, Article V of the Constitution of the United States provides authority for a Convention to be called by the Congress of the United States for the purpose of proposing…
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Puerto Rico’s Debt Crisis: Mitigating the Current Crisis and Preventing Future Ones
On August 3rd, Puerto Rico failed to pay $58 million to its Public Finance Corporation creditors. Nearly a month earlier, ALEC Tax and Fiscal Policy Research Analyst…
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California Budget Fails to Address Long-Term Fiscal Stability
California’s newly enacted budget for 2015-2016 falls short of properly addressing the institutional budget troubles the state has faced for years. The California budget shows some steps in the…