New Jersey’s Financial Troubles – Ravitch Was Right

Former New York Lieutenant Governor Richard Ravitch pulled together a bipartisan group of statesmen to issue a stark warning about the finances of many state governments around the country. New Jersey did not fare well. Many have not taken the warnings seriously,

Hollow Promises Are Unhealthy

Sometimes numbers get so big that eyes just blur. Let’s try to put the state’s $58 billion health care liability for public employees in perspective. This $58 billion is the estimated present value of all post-retirement health-care benefits for state, local, and