Andrew Biggs' testimony regarding state and municipal debt should be required reading for every Alabama state legislator. And every Alabama citizen should know what Biggs projects regarding the debt obligations that we taxpayers now face.
Biggs, a former principal Deputy Commissioner of the Social Security Administration and former Associate Director of the National Economic Council, reported to the U.S. House of Representatives Committee on Oversight and Reform that states are facing a debt crisis of enormous proportions, most of which is in obligations for pensions and health benefits for state employees.
Showing posts with label AEA Alabama Education Association DROP Deferred Retirement Option Plan RSA Retirement Systems of Alabama. Show all posts
Showing posts with label AEA Alabama Education Association DROP Deferred Retirement Option Plan RSA Retirement Systems of Alabama. Show all posts
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