Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How Government Employee Pensions Are Underfunded by 5 Trillion Dollars
Episode 74 of The Fiscal Policy Podcast looks at the staggering $5 trillion gap in state and local government pension funding across the United States. Lucas and Luna break down how this shortfall grew, why it matters for public services and taxes, and why most official numbers actually understate the problem. They focus on the case of Illinois teacher pensions, currently funded at just 39 percent, and what that means for the state budget. The conversation also touches on Kentucky's pension crisis and the political incentives that keep kicking the can down the road. If you've ever…
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