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National Public Pension Coalition vs. Truth in Accounting: Who is Accurate With Public Pension Unfunded Debt?  

by meep

A week ago, the National Public Pension Coalition posted Why Truth in Accounting’s Recent Claims about Pensions are Inaccurate. Back in October 2020, the group posted a similar piece: Texas Stands Up to Truth in Accounting.

There are some major points the NPPC (National Public Pension Coalition)...

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Not With a Bang, But a Whimper: Demographic Decline Undermines Public Finance  

by meep

I’m not quite sure why this is “news”.

NYT: Long Slide Looms for World Population, With Sweeping Ramifications

Like an avalanche, the demographic forces — pushing toward more deaths than births — seem to be expanding and accelerating. Though some countries continue to see their populations grow, especially in Africa,...

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Weekend Videos: Is COVID Saving Lives, Pennsylvania Schools Employees, SALT Cap  

by meep

It’s boom-and-bust with me for producing videos, alas. It is dependent on many factors, one of which I have some quiet time to make such videos. (With three teens at home, one autistic, this is tough… which is why I did two of these videos are from my van,...

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Public Finance: Full Accrual Accounting and Governmental Accounting Standards Board Testimony  

by meep

Yesterday, I gave testimony to the Governmental Accounting Standards Board: [mine begins at about 1 hour, 4 minutes]

I had prepared remarks which are about 10 minutes, and the remaining 20 minutes of my time are Q&A.

Here...

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SALT Cap Tussle: NY Democrats Have an Ultimatum  

by meep

Democrats are revving up to undo Trump-era tax levels by jacking up the rates, but wait, here are some Democrats claiming the taxes are too damn high:

New York is taking another run at repealing SALT cap

Gov. Andrew Cuomo’s spin on the tax hikes in the state budget approved...

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Multiemployer Pensions: Will the Recent Bailout Destroy Pensions (in the Long Run)?  

by meep

I am skeptical about the long-lasting results from the multiemployer pension bailout

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MoneyPalooza Monstrosity: State and Local Governments Should Pay Down Pension Debt  

by meep

I haven’t forgotten the MoneyPalooza Monstrosity — while I have addressed the multiemployer pension bailout portion, I have yet to address the much bigger portion, funds going directly to state and local governments.

Issues I want to address:

• Fiscal Year 2020/2021 state/local government revenue hits (and specifically, which revenue sources...

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MoneyPalooza Monstrosity: It Passed! More on the Multiemployer Pension Bailout  

by meep

Well, they did it. They finally did it.

You maniacs!!

I will be looking at the multiemployer pension bailout more in this post, and the state/local government bailout in a later post.

The state of the bailout: FULL AND MORE…..

NYT: Rescue Package Includes $86 Billion Bailout...

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Public Finance Roundup: What Happens When the Richest Move to Laputa?  

by meep

Howdy guys – before I do this, just warning you that I will be making a couple of posts today and a couple tomorrow. This doesn’t often happen, but I have some items that will go really stale if I don’t post soon… and I want to spend the rest...

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Taxing Tuesday: Look Back to Olden Times and What Awaits Us in 2021  

by meep

For the first Taxing Tuesday post of 2021, I’m mopping up old stories and looking forward to what may come this year.

One thing to note: with the Dems having (bare) majorities in the Senate and House, and with Biden as President, I am assuming some form of the Money-Palooza...

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