Of the variety of issues plaguing America's economy today, unfunded public pensions are perhaps one of the greatest. CNBC News reports that a study expected to be released today shows major American cities may be faced with a $574 billion funding gap as a resulted of unfunded public pensions.

Last November, Chris Christie ran for governor of New Jersey with a “tough love” approach to government. He promised not to increase taxes. He promised to reduce the size of government, even beyond the standard “cut waste and fraud” approach that nearly every politician promises when running for office. One public expense that Christie said he was willing to support, however, was the planned New Jersey-to-Manhattan rail tunnel.

Barney FrankMassachusetts ultra-liberal Democrat Barney Frank has a real race for the first time in more than two decades, in part because of his record of coddling -- and taking campaign contributions from -- the financial institutions at the center of the housing bubble.

New York Republican gubernatorial candidate Carl Paladino continues to make headlines with his off-the-cuff remarks. On Sunday, October 10, Paladino told Orthodox Jewish leaders at Karlsburg Rabbinical College in Brooklyn that he does not want children to be “brainwashed into thinking that homosexuality” is acceptable. Now Paladino contends that he is owed an apology by the mainstream media, who allegedly reported inaccurately on his comments.

ObamaPresident Obama is trying to prevent major Democrat losses in November 2010 by accusing corporations of providing large amounts of unaccountable funds to support Republican candidates. Obama also raised the specter of foreign corporations and “oil companies” intruding into our nation’s electoral process. David Axelrod has called such spending a “threat to democracy” and called upon business associations to open their internal records for public inspection.

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