Government officials mismanaging public funds is nothing
new. But giving public pensions to private lobbyists is a new low.
A recent Associated Press report uncovered that at least
20 states supply private lobbyists with public pensions and sometimes health
care benefits. In some cases, the states have provided this absurd benefit for
decades. Worse, but not surprising, much of the activity these lobbyists carry
out conflicts with taxpayer interests.
In today’s Milwaukee-Wisconsin Journal Sentinel, I note that
government has a long history of inappropriately spending public funds:
For example, in the 19th century many states went on a
spending binge by investing heavily in private railroads, canals and other
infrastructure projects that ultimately went bankrupt and left taxpayers stuck
with the bill. States defaulted on their debt obligations 17 times.
Municipalities were also in the same spending game…..To Read More….
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