Entries Tagged as 'Pew'

What Keeps the American Dream Alive?

December 16th, 2011 at 1:50 am 22 Comments

President Obama’s recent speech on income inequality and upward mobility has struck a chord with many Democrats. If the President keeps using this rhetoric, then it could become a central message of the 2012 campaign. If this happens, I would also bet that Elizabeth Warren will give the keynote speech at the Democratic Convention in 2012.

What’s interesting is that while there is growing awareness that America is a more unequal country, there is less awareness that America is also a less upwardly mobile society.

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States Will Be Slammed by Default

July 27th, 2011 at 4:22 pm 40 Comments

A federal default could cascade through state governments, cialis sale forcing tax increases and budget cuts on local taxpayers. Medicaid budgets could be slashed. Federal money for unemployment benefits could halt. State colleges could lose federal grants.

The Pew Center on the States reports that the municipal market would get swept along in the wreckage, severely constricting state budgets.

Different states would experience different kinds of shock.

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State Pension Funds: Who’s in Worst Shape?

David Frum February 24th, 2011 at 1:48 pm 16 Comments

Here are the states in worst liability shape according to Pew:

Hawaii, healing $16.6 billion in liabilities, only 69% funded.

Kentucky, $34 billion in liabilities, only 64% funded.

Connecticut, $41 billion in liabilities, only 62% funded.

Rhode Island, $11 billion in liabilities, only 61% funded. (How does Rhode Island, with barely 1 million people, rack up $11 billion in retirement liabilities? Short answer – a very loose disability system.)

Oklahoma, $33.5 billion in liabilities, less than 61% funded.

And in the place of disgrace, absolute last:

Illinois. $119 billion in liabilities, only 54% funded. Illinois taxpayers, you are warned.