If unfunded Social Security and Medicare "commitments were included in the national debt calculations, it would amount to $106 trillion, making the debt-to-GDP ratio 382%." — Mariana F. Trujillo reason.org/commentary/the…

"Man naturally desires, not only to be loved, but to be lovely." Adam Smith

From Mariana F. Trujillo at reason says busting the fiscal guardrails would threaten CT's "ability to serve your constituents or tackle crises, and further delay in funding would increase the costs of providing already promised benefits." reason.org/testimony/conn…

Interest rates are down because the market is pricing a recession

On April 17th, I’ll join my Reason Foundation colleague Ryan Frost, Americans for Prosperity's Quincy Tabrizi, and ALEC's Joshua Meyer for a webinar discussing Alaska’s proposal to reopen its Defined Benefit pension system for public employees. americansforprosperity.actcentr.com/Events/afp-ak-…

Even if the Fed tried to cut interest rates, good luck. Inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years.

Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years. reason.com/2025/04/29/tru…

“Without pursuing new pension reforms, San Diego is once again gambling with taxpayers’ money—and this time, the odds appear worse than ever,” writes Mariana F. Trujillo. reason.org/commentary/san…

This is fucking disgusting. mississippifreepress.org/ice-arrests-mi…

DC Metro has achieved an 82-85% reduction in subway fare evasion through a combination of taller fare gates and enhanced enforcement. Crime on the system has also fallen to its lowest level in seven years. statecraft.pub/p/how-to-save-…

Between 2002 and 2020, public schools increased spending on support services by $974 per student or 25.4% in real terms. Where's all of this money going? The largest increase was in pupil support services. Public schools are spending more on counselors, social workers,

Insightful, from Mariana F. Trujillo: "...Despite much research indicating otherwise, public employees often report feeling underpaid. This persistent grievance suggests that government employers should consider shifting their compensation so that salaries represent a larger share

There are plenty more insights on comparative public/private salaries and benefits in her latest article at Reason Foundation reason.org/commentary/pub…

If Chicago's pension funds were passively managed in 2024 (instead of spread across 80+ management firms), the city would have saved ~$40,000,000 in management fees. And returns would have been about 25% better.