Trump’s State Pension Gift – WSJ

As much as government unions loathe Donald Trump, his Presidency has lifted their worker pensions. That’s one noteworthy finding from a new report by Fitch Ratings on state debt burdens. But taxpayers in Illinois, New Jersey and Connecticut may still want to take cover.

Fitch analyzed how states’ long-term liabilities as a share of their personal income has changed since 2016. This is a rough measure of a state’s fiscal sustainability, similar to a country’s debt-to-GDP ratio. Fitch also incorporated pension liabilities,…