Unfunded Municipal Pensions: Conveyor Belt to Oblivion
For years the small town of Prichard, Alabama knew they were in trouble. Back in 2004, the city hired an actuary to analyze and summarize their employees' pension plan....
About: Bob Adelmann
Posts by Bob Adelmann
Boomers Aren’t Booming
Despite their huge numbers and cultural and financial impact on the economy, the Baby Boomers (born between 1946 and 1964) have largely been unwilling to face fiscal reality. Robert...
FCC Ruling is Irrelevant
There have been sighs of despair and much hand-wringing coming from observers of the latest attempt by the FCC to intervene in the operations of the Internet. The noisiest...
Reality Checks from New Jersey, Illinois
Steve Kroft called it "The Day of Reckoning" on his "60 Minutes" segment on Sunday, but many weren't buying it. Despite persuasive statistics showing that states have overpromised and...
The College Graduate Bubble: One Student’s Story
Cortney Munna bought the lie, hook, line and sinker. The College Board has been selling it for years: “Over the course of a 40-year career, the average college graduate...
Obama/CEO Summit: Sweetness and Light
Despite being verbally abused and legislatively hamstrung ever since the start of the Obama administration, those CEOs arriving at the Blair House Wednesday for another Summit meeting with the...
College Education: Is It Worth it?
Back in September, The College Board published an update of its report, “College Pays,” confirming what most have considered inarguable and revealed truth: Whatever it costs to obtain a...
Counting the Costs of Unemployment Insurance
As part of the backroom deal to extend the Bush tax cuts for another two years, the GOP gave the progressives an extension of one of their favorite welfare-state...
WikiLeaks: Asking the Right Questions
Nearly everyone with an internet connection knows the website WikiLeaks.org to be the notorious publisher of inconvenient truths about the secret machinations of government and military operations. Scarcely fewer...
Saving Thelma Diaz
When 17-year-old Thelma Diaz showed up for work at Lolo’s Seafood restaurant on Tuesday morning, September 21, in Ascencion, Mexico, about an hour’s drive south of the New Mexico...
States’ Budget Shortfalls: Pressure From Above, Pressure from Below
With all the attention being focused on extending the “Bush tax cuts,” granting additional unemployment benefits, and the arrival in Washington of newly minted congressional Representatives and Senators, a...
Judge Porteous Is History
Federal Judge Thomas Porteous is only the eighth federal judge to be impeached, convicted, and removed from office since the founding of the Republic. And for a while there,...
The Fed’s Bernanke: Hubris and Dissimulation
Fed Chairman Ben Bernanke’s recent 60 Minutes interview raised more questions than it answered. Some even questioned the questions. Gary North explained that the Fed chair was being pushed...
Pearl Harbor Was No Surprise
True history is not served if all that is remembered about December 7 is that it is the 61st anniversary of Japan’s surprise attack on Pearl Harbor. On that...
American Austerity and the End of Wars of Choice
Foreign Affairs, the mouthpiece of the Council on Foreign Relations, is like a 500-pound canary: When it speaks, people listen. Gary North referred to the article in the November-December...