New research by the Mercatus Center's Eileen Norcross reveals that more fiscal disasters loom in the United States. She ranks each state's financial health using data from standardized and audited Comprehensive Annual Financial Reports (CAFRs) that show short- and long-term debt along with key fiscal obligations, including unfunded pensions and health-care benefits. Beyond the ranking itself and the disastrous fiscal health of several states, the study points to worrisome structural weaknesses shared by most states. Unfortunately, these issues are mostly overlooked by ignorant or unscrupulous state officials who are blinded by poor accounting techniques, writes Veronique de Rugy.
A newspaper staffed by the country's most famous journalism school says it shouldn't have covered a Jeff Sessions event.
"You have a situation where a person owed $8 and lost their house. I mean, how is that equitable?" asked Michigan Supreme Court Justice Richard Bernstein.
A Michigan Man Underpaid His Property Taxes By $8.41. The County Seized His Property, Sold It—and Kept the Profits.
A state law allows counties to effectively steal homes over unpaid taxes and keep the excess revenue for their own budgets.
The Eighth Amendment prohibition against excessive fines and fees applies to states as well, SCOTUS rules, opening a new way to challenge outlandish forfeitures.