By Mark Lagerqvist, includes “The U.S. government should rescue troubled state pension plans with billions of dollars in long-term, low-interest loans, New Jersey Senate President Steve Sweeney proposed on Wednesday. The trillion-dollar question is whether it would save pensions or sink states deeper in debt. … “Instead of making difficult choices, the legislators are trying to kick the can further down the road,” said Shelia A. Weinberg, CEO of Truth in Accounting, a non-profit group advocating fiscal responsibility in government.”
Read the full article on: New Jersey Watchdog