Comment: Andrew Biggs from American Enterprise Institute had the right reaction on Twitter to this document. "I would risk Covid to have a public debate over this nutty study claiming that public sector pensions generate net revenues for their states," he said.
Amazing that, when I contribute $1 into my 401k that is invested in the same stock market and mutual funds as public sector pensions, that dollar is sucked into a black hole, never to return. Yet put that same $1 in the pension systems and a prosperous economy is born.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Amazing that, when I contribute $1 into my 401k that is invested in the same stock market and mutual funds as public sector pensions, that dollar is sucked into a black hole, never to return. Yet put that same $1 in the pension systems and a prosperous economy is born.