alec
Right-wing politicians participating in the American Legislative Exchange Council’s conference in San Diego, California want to convene a new constitutional convention to draft amendments aimed at balancing the federal budget and imposing term limits on elected representatives. Article V of the United States Constitution outlines that two-thirds of the 50 states are needed to call a convention and that ratification requires three-fourths of them. “It’s a very high bar, very difficult to do,” said ALEC chairman and Utah State Senate President Stuart Adams (R-Davis County). “It’s really the last...
uPolitics.com
According to a report by the American Legislative Exchange Council (ALEC), unfunded state pension liabilities in the U.S. total $5.82 trillion, equivalent to more than $17,000 for every person in the U.S. This represents a $900 billion increase from the council’s last year report. Q1 2021 hedge fund letters, conferences and more The document surveyed more than 290 state-administered public pension plans, listing assets and liabilities within the 2011-2019 period. Unfunded liabilities growing among 10 key statesIn the report, ALEC asserts that the cumulative growth of pension payments is puttin...
ValueWalk
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