South Carolina
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LibertyPoliticsRandom
American Colonies: Despite What You Learn In School, It Was Mostly Private Enterprise
by Rob Natelson December 7, 2016Too many of us who are enthusiastic about space exploration and colonization expect the federal government to lead the way. We should learn from the founding of British colonies in America.
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FeaturedGovernmentUncategorized
State Should Switch to 401(k) Style Plans
by Matthew Glans June 21, 2016South Carolina lawmakers have undertaken reforms to address some of the serious issues with their state’s pension system, but major changes are still needed to prevent future budget problems. In 2012, the state increased employee and employer contribution rates for the South Carolina Retirement System (SCRS), the state’s public pension fund. The increase affected current members as well as new hires. The 2012 reforms also reduced the expected rate of return for pension investments and reduced the minimum cost-of-living benefit increase. In 2000 and 2002, the state created optional defined-contribution plans for existing and new state and local government employees and teachers.
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EconomicsFeaturedLegal Affairs
House Committee Grills DOE Loan Program Director Over Secret Emails
by Paul Chesser September 17, 2013A hearing of the House Committee on Oversight and Government Reform last week investigated the Obama administration’s practice of concealing email communications.