For O’Malley, Politics Trump Policy

There are many resemblances between former Gov. Robert L. Ehrlich Jr. and Gov. Martin O’Malley, but this election is not a choice between tweedledum and tweedledee. Mr. Ehrlich has compromised himself in conventional ways, most notably by signing an unaffordable Democrat-sponsored election-year increase in teachers’ pensions on which he should have bestowed a foredoomed veto. […]

Hit and Run Politics: Baltimore City and Maryland State Pensions: A Short History

In March 2006, the Institute issued a Report, The Baltimore City Retirement Systems: Heading for Trouble. The summary at the front of the Report stated: “The skimming off of surpluses to provide new unfunded benefits in good investment years, together with mediocre or worse investment performance and an escalation of disability claims in the Fire […]