From the Star Ledger:
Have New Jersey’s pension woes finally bottomed out?
ould it be true? Is New Jersey’s pension fund for public workers — among the worst-funded in the nation — really on the road to recovery?
That’s what a consultant’s analysis of the state’s investment strategy suggests.
The report to the State Investment Council on Wednesday said the pension fund for nearly 800,000 public and retired workers may have some more trouble in the short term but will come up smelling like roses decades from now.
Of course, it’s based on a couple of pretty big assumptions: that investments won’t tank, and that the state makes good on its commitment to increase its yearly contributions to the fund and resists the decades-old habit of skimping when times are bad.
If all that happens, the pension fund could be could be 93 percent funded within three decades.
The consultant, Aon Hewitt, calls this its “median expectation.”
Aon Hewitt’s simulation, which it warns is “highly dependent upon assumptions regarding investment returns and funding policy,” presents a more optimistic future than actuarial estimates showing some of the individual funds running out of money well before then.
First
Cheryl Sandberg leans into it….
Kinda reminds me of the 403b guys that visit the schools. They give us a sheet on assumed 8% returns. The timetable had them earning 8% in 2008.
Forecast: We’ll all be rich.
Assumptions: You’ll all do the things to be rich.
My bill for this consulting effort is $85,000, congratulations on your newfound wealth. What could possibly go wrong?
If all that happens, the pension fund could be 93 percent funded within three decades.
So, all we need is 3 uninterrupted decades of high returns AND politicians keeping their promises of fiscal responsibility during said time. Anyone taking the under?
And when hyperinflation hits we will all be millionaires
Everyone misses the point The Senate approved legislation Monday that would authorize the police and firefighter unions to manage their own pension funds.
The bill, authored by Senate President Steve Sweeney . The primary obligation of the board would be to direct policies and investments to achieve and maintain the full funding and continuation of the retirement system for the exclusive benefit of its members. yes you read that right the board now will require towns and cities to fully fund their pensions at any cost to the taxpayers …the Govenor and legislature just fixed their pension problem on our backs
Buffet seems to like the RE Sales business..
https://www.bloomberg.com/news/articles/2018-03-29/buffett-s-home-brokerage-booms-with-the-no-1-ranking-in-sight
…the Govenor and legislature just fixed their pension problem on our backs
All fun and games until we burn down city hall.
What will come first a new train tunnel or a properly funded pension?
Huge event at Rutgers today. And they got a 90% discount on the normal fee.
chifi – Is there a better place to park cash for three months than MSCC?
Does anybody remember 2 months ago when runaway inflation the big fear?
Hahahahahahhahahahahahahaaha
I knew Gov Phil was going to be bad but it is worse than I thought and we are early. What kind of a$$hat funds financial aid for illegals while not funding the property tax rebates for the elderly or pensions, it just shows where his priorities are. We are eff’d with this guy, when Sweeney is the voice of reason it is a problem. Millionaire taxes and corporate tax increases long term are a boondoggle, the middle class will need to shoulder the tax increases and of course fees will be increased everywhere.
Am I understanding this correctly the obligations to fund pensions falls fully on the towns now? And Murphy is going to approve this?
One of my “bad” investments is a quarter million dollar 15 year CD @ 2.5%, bought right around brexit. Suddenly it is going up in value.
In case you think I’m stupid, it was bought for my 82 year old MIL. Redeemable at par should she die beforehand.
Give Elon Musk a permit to dig his own tunnel under the Hudson, no strings attached.
Governor Phil – there is good reason that people are innately suspicious of an asymmetrical face.
Am I understanding this correctly the obligations to fund pensions falls fully on the towns now? And Murphy is going to approve this?
I don’t believe this is the case at all. The unions can demand all they want, but if it’s not budgeted, it’s not budgeted. They don’t have access to the ATM.
What kind of a$$hat funds financial aid for illegals while not funding the property tax rebates for the elderly or pensions, it just shows where his priorities are.
Ask the beta males on this blog for an explanation.
Holy christ.
https://www.cnbc.com/2018/03/29/us-weekly-jobless-claims-mar-24-2018.html
Jobless claims dropped 12,000 to a seasonally adjusted 215,000 for the week ended March 24, the lowest level since January 1973
Thank you, President Trump!
Former NY Met Rusty Staub dead at the age of 73
No better in San Fran. They should hire a Chinese company to do the Tunnel work.
“Will We Ever Get a Second BART Tunnel Under the Bay?
The challenges of planning a $15 billion Transbay Tube, something that advocates agree is necessary for the region, are immense. And it might not happen until 2040 — or later.”
http://www.sfweekly.com/topstories/will-we-ever-get-a-second-bart-tunnel-under-the-bay/
What a difference between the big-eared, empty suit we had for eight, wasted years and a president who has a pair of nuts. He took on China, making them pay literally and figuratively when this should have been done a long time ago. And then he’s having a sit-down with fat boy because fat boy knows he’s toast. China would love nothing more than to see their style of government prevail over ours. Ain’t gonna happen. We went from a little cuck president bowing to enemies to someone who is telling the world not to f.uck with us. All the left has is tabloid news, doing their best to convince themselves they’re relevant.
Governor Phil – there is good reason that people are innately suspicious of an asymmetrical face.
Funny you say this, looking at the last crop of murderers, this seems to be a fairly common trait.
https://www.bloomberg.com/news/articles/2018-03-29/consumer-sentiment-in-u-s-surges-to-highest-level-since-2004
LOL!
Ask the beta males on this blog for an explanation.
I can’t wait for Trump to bang Don Lemon’s wife. Wait a minute, is he straight?
Consumer sentiment in March reached the highest level since 2004 as a solid labor market and growth expectations offset concerns about tariffs and stock-market volatility, a University of Michigan survey showed Thursday.
MAGA!!
BTW, Don Lemon is about 5’2″. Do the math, it will inform the rhetoric.
Is there anyone who thinks that MSCC is not a 25% APR 3 month bond? My thinking is that I’m taking money away from guys with margin calls every day.
Eddie, you realize the market gave back all its gains.
Two steps forward three steps back.
Eddie dreams of buttF”cking Rick Santelli
How else would you do it? Santelli is hot. I’d let him keep his glasses on.
Eddie dreams of buttF”cking Rick Santelli
Eddie, you realize the market gave back all its gains.
This is what a gambler says. Become an investor. If you don’t know the difference, then educate yourself.
Ew…..
Eddie. You really aren’t too bright….
Expat
Could he keep his socks on too?
HMB (from yesterday).
HMB,
Smartest option in NJ is along the Northeast corridor. This line has 4 tracks and is Amtrak’s ONLY profitable route. This keeps the delays to a minimum, though they are still there. Smart towns include Metuchen, Edison and Rahway and Linden price wise. None of them are paradise, but all of them offer a quick ride and reasonably (relative) priced housing. If you have school age kids, Metuchen and Rahway would be your best bets. You should also not be a desiphobe.
Ex-Jersey – Our token homophobe!
That was quick work. We found out who our anti-semite was yesterday and now we know who our closet homo is.
Indian chicks are hot. And usually furry.
Yeah, i’m Gay as hell. My wife of over 20 years has more balls than anyone on this board.
ExPat: Do you know what may have happened to NXPI in the last 24 hours?
Market gave up gains because Trump tweeting about Amazon again.
Does ex-jersey use a wide stance in public restrooms? Not that there is anything wrong with that lifestyle
Ex-Jersey – What you are speaks so loud that I can’t hear what you are saying.
Not too defensive, right? Or should I take that literally?
Yeah, i’m Gay as hell. My wife of over 20 years has more balls than anyone on this board.
Libturd
I used to do the northeast corridor commute. What a nightmare. I once had to go buy another shirt when I got into nyc because one of my fellow travelers BO permeated mine.
There’s a huge difference between Meadowlark and Don Lemon. And then there’s Jack Lemmon, who befits the fruit monicher properly.
“BTW, Don Lemon is about 5’2″”
Isn’t it funny how just a little slip puts you in the Pumpkin zone? Enjoy.
Good point.
ExPat: Do you know what may have happened to NXPI in the last 24 hours?
http://www.maxspann.com/auctions/detail/government-surplus-real-estate-sale-in-vernon-nj
Will be interesting to see how these 95 lots in Vernon Township price.
Details describe Vernon’s population “roughly 25,000.” That was in 2010. Now closer to 22,000.
On the topic of NYC train commutes all of them are pathetic. Metronorth is the most reliable but still not great and it is run by the MTA who makes NJ transit look like a good operator. LIRR also seems to have delays fairly frequently, when I was working in times square we had people taking all forms of transit the least delayed people seemed to be people taking the ferries, people who lived in the city and drivers from NJ, anyone taking a train had delays it seemed NJ transit averaged real delays 2 times a week, LIRR seemed to have about 1 a week, Metro seemed to be about once a month. The commute for people from CT seemed to be the worst, Jersey people with shifted schedules driving did well(people who got to office at 5:30 or 6 am and left at 3:30 or 4) with regards to commute times.
In general the state of public transit in and around NYC is pathetic, built a hundred years ago by private enterprise and successfully destroyed by quasi governmental organization.
If we want to get the tunnels built fast kick the unions out and bring in the Swiss, they could probably deliver the rail tunnels in 7 years and under budget. The build the Gotthard tunnel for 9bn and it is 35 miles long, the longest and deepest rail tunnel in the world.
I was once waiting for the bus back to Nutley in that air-conditioned box at PA where the bus-waiters queue up. The air conditioning wasn’t working on that hot July day in our box. Dressed in a suit I adopted an immediate “F.uck this” attituded and took off my jacket, my tie, and my dress shirt. When I told my wife (gf at the time) this later that evening she was appalled. She said, “You literally stripped in front of all those people!” I think they were all jealous. Even more jealous still when I opened by ice cold Bud tall boy half way through the Lincoln Tunnel, as was my summertime custom.
I used to do the northeast corridor commute. What a nightmare. I once had to go buy another shirt when I got into nyc because one of my fellow travelers BO permeated mine.
I will say this NJTransit is actually ok outside of rush hour. I sometimes have to take it to Clients and from Newark Penn in the middle of the day it is on time pretty much all the time! It seems rush hour is when they have the biggest troubles. I also sometimes wonder if they don’t purposely mess up service to make the case more dire for funding major projects. In my old age I’ve become very cynical about the government, they are a rapacious leach constantly looking for more money anyway they can get it.
I am beating myself up….can’t figure it out….but there must be some THERE there….
The Original NJ ExPat says:
March 29, 2018 at 11:17 am
Good point.
ExPat: Do you know what may have happened to NXPI in the last 24 hours?
$127.50/share cash…..one approval left….
If QCOM backs off, it should trade through the tender price….
Is drinking alcohol legal or tolerated on NJ Transit?
Chifi – I made SO much money in 2016 sweating out utility acquisitions that I knew were going through. I had 7 figures in one deal and actually made an extra $5 or $6K by pouring more money in the day of the approval. I had the most relaxing walk around Chestnut Hill reservoir that day.
You can drink on nj rancid transit trains. And MTA although bad is far better than N.J. transit.
Of course not. That’s why I waited until the middle of Lincoln tunnel to to pop my can. Who the f.uck is going to do anything at that point?
A year later when I lived in Long Island, I experienced a wonderful thing. I wasn’t spending that much time in the city, but I occasionally had to go in. I stepped onto a random train car leaving Penn. I knew immediately something was going on. The guys in my car started pulling out card playing boards. Thin, hard boards, I have no idea where they came from. In 60 seconds there was tons of hoots and hollering going on as all of these card games broke out. The first above ground station in Queens there was a guy who knew exactly where to stand and he pulled a big stainless steel bar cart onto the train and drinks were flowing instantly. That whole scene is indelibly etched in my mind. These guys know how to commute!!!
Is drinking alcohol legal or tolerated on NJ Transit?
One morning commute my guts started churning and I had to drop a deuce and I knew it would be bad. I opened the door to the bathroom on the train and it was nasty. Figured it was cleaner to just cr@p my pants. So I rolled the dice and held it in till we got to Newark. I jumped off the train and ran for the can. Just made it. So loud when it let loose sounded like a beach was being stormed in a World War II movie. I then caught the next nyc bound train and felt oh so satisfied.
The MTA is better funded and bigger, they have scale. I know people in the MTA, the stuff I’ve heard and their seeming inability to keep the subways moving tells me as an operator they are actually worse run than NJTransit. It costs them significantly more to do everything than pretty much anyone else, the amount of waste and graft in that organization is astounding. NJTransit is a bus operator, that is the problem.
What I am is off today.
And the weather she is delightful.
Sounds like you didn’t have a very good job?
gay talk.
And the weather she is delightful.
What I am is off today.
It appears that you’re a little off every day.
Agreed.
( I tee’d that one up for you. )
ExPat. I got a better one for you. Was in the Chennai International Airport about 7 years ago. My flight was scheduled to leave around 1am. The queue through their security was about 15 jumbo jets long. The way it works in these airports is that all of the international flights are scheduled to leave around the same time because they are all red eyes back to Europe. Well at about midnight, after the line has barely moved the first 20 yards of what must be 300 yards, the panic begins. Picture the crowd too. There are people literally carrying every earthly possession they own. Many are barefoot. Some are in robes. There are lots of Western businessmen like me mixed in too. So all of a sudden the neatly organized line starts moving forward at more of a brisk walking pace. It’s so long and wraps around a few turns that you can’t see the end of it. Well as we are approaching the ONE security entrance, it starts getting really loud and really crowded (and really hot and smelly as you could imagine). Before you know it, there are somewhere around 5,000 people who were formerly comfortably lined up in an organized fashion, now being smashed together in a mosh pit that more closely resembled Lollapolluza 2. Parents were literally passing their kids over the insufficient security wall between the terminal and the gates area. Then their belongings would be tossed over next. Then the mother would be screaming that her kids were on the other side alone so they could be ushered through. I understand where the panic came from. The average local can not afford to fly. Such a trip might take a years worth of savings. The fear of missing the flight was real and no amount of security was going to let this happen. Since I had a 25 hour flight ahead of me with a transfer in Frankfurt, I packed shorts and a t-shirt to sleep in. I opened my carryon bag and stripped down to my underwear and bare naked hairy chest and put my sleep clothes on. This was extremely difficult as the moshpit kepts moving like a giant, smelly amoeba. I finally get pushed through around 1:15 and run to my plane. I get on and the plane is half empty. I ask the German flight attendants (Lufthansa) if the plane is really flying this empty and she says, it will fill up by 2am. I said, I thought we leave at 1am. She said no, all of the planes wait to depart until every checked-in passenger is on board. She then asked if this was my first time flying out of India. I felt like such an idiot. By this point, I was covered in sweat from head to toe. On the bright side, it was so exhausting that after I had one Ayinger, I slept through the entire trip to Germany.
Lib – great story. I think I would rather be tossed in with a lot of rich Wall Street guys with a paid bartender though;-)
Rather toss off a rich Wall Street guy…!? Wtf
Now that I think about it, I think the beer vendor in Port Authority sold 25 ounce Buds, sitting in a big tub of ice, for $2. He wasn’t even inside the store, he was almost in the PA hallway. $2 and 4 seconds for an unopened 25 ounce ice-cold beer, in a perfectly fitted brown paper bag. It was the greatest value on the planet between 5 and 6PM in the Summer.
Ex-jersey.
When a guy is on the DL, he thinks everyone else is too.
Funny. Look what I found.
https://www.sleepinginairports.net/2014/worst-airports-asia.htm
Chennai’s #10 up from #4.
I think the consensus is “yep, the dumbasses won… now let’s see how bad they try and f&ck ah&tank up for the rest of us…”
Ex – go to bed. I know it is early on the West Coast, but you can do no good here today.
DL – actually I am spending the year rehabbing the dad bod…
RxPat I wanna touch your soul.
SexPat :https://youtu.be/jd9yxSHYpRU
Anyone enjoying their profits?
The Original NJ ExPat says:
March 28, 2018 at 11:17 am
Time to buy Anglo American again (NGLOY) – btw, coincidental, not racist.
I guess I just can’t get the Jersey out of me. I love this guy:
https://www.youtube.com/watch?v=iMW-vdZPP_k&t=28s
I got a notice from pseg that they want to change my meter. Supposedly state requires periodic changing of these things. My thought is why bother. Old one is fine.
The new ones are wifi enabled so they need not enter your house once a year to confirm you are not lying.
“Is there anyone who thinks that MSCC is not a 25% APR 3 month bond? My thinking is that I’m taking money away from guys with margin calls every day.”
Where’s the bond trading. Sounds off if everything is going through and bond is going to be redeemed?
MSCC has now closed the gap up from the buyout. My guess is that margin calls are causing the sell-off. Pretty soon I’m going to be selling stuff just to buy this.
Vernon put in a sewer system to the tune of tens of millions of dollars. Their biggest taxpayer, mountain creek, just declared bankruptcy and will likely not be paying for their portion of the lien.
They need new taxpayers…stat!
Yo! says:
March 29, 2018 at 11:22 am
http://www.maxspann.com/auctions/detail/government-surplus-real-estate-sale-in-vernon-nj
Will be interesting to see how these 95 lots in Vernon Township price.
Details describe Vernon’s population “roughly 25,000.” That was in 2010. Now closer to 22,000.
3b – same for me from JCP&L, new smart meters.
I believe you can connect to it and look at your own energy usage with a Energy Monitoring Device like a Zigbee
Lib did not know that. I just let them in if I am working from home. I am thinking perhaps the new ones are more accurate but that could go either way as far as charges I presume.
LA “is” different :
From the LA. Times.
1. 40% of all workers in LA County (10.2 million people) are working for cash; and not paying taxes. This is because they are predominantly illegal immigrants, working without a green card.
(Donald Trump was right)
2. 95% of warrants for murder in Los Angeles are for illegal aliens.
3. 75% of people on the most wanted list in Los Angeles are illegal aliens.
4. Over 2/3 of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal, whose births were paid for by taxpayers.
5. Nearly 35% of all inmates in California detention centers are Mexican nationals; they are here illegally.
6. Over 300,000 illegal aliens in Los Angeles County are living in garages.
7. The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border.
8. Nearly 60% of all occupants of HUD properties are illegal.
9. 21 radio stations in LA are Spanish- speaking.
10. In LA County, 5.1 million people speak English; 3.9 million, speak Spanish. (There are 10.2 million people, in LA County.
(All 10 of the above facts were published in the Los Angeles Times)
Less than 2% of illegal aliens are picking our crops, but 29% are on welfare. Over 70% of the United States’ annual population growth, (and over 90% of California, Florida, and *** >>New York***<<<), results from immigration. Also, 29% of inmates in federal prisons are illegal aliens.
We are fools for letting this continue.
We bought a 30 year time share at Mountain Creek about 28 years ago (I guess even before it was “Mountain Creek”). It was great for a long while. Haven’t been there in about 5 years. It was great for teaching our kids how to ski. We’d stay there for 2 weeks at a clip and everything was free. Before we had kids we’d also stay there a ton and used to bring our cat. He loved hanging out half-way up the spiral staircase. Our kid used to call it our “Winter House”.
Expat / Yo!
https://patch.com/new-jersey/hoboken/drinking-alcohol-legal-nj-transit-trains-0
“$127.50/share cash…..one approval left….”
china?
joyce – those LIRR dudes had their evening commute dialed in! I often wonder if they had something that fun going on for their morning commute!
I just love, love, love, when a bunch of guys get together to make their everyday life better!
Expat / Yo!
https://patch.com/new-jersey/hoboken/drinking-alcohol-legal-nj-transit-trains-0
Another interesting ride back to LI from NYC was when I sat next to a guy from Eaton’s Neck. Eaton’s Neck was just a mile or two from my town, Centerport. Eaton’s Neck was a really nice upper middle class town with nothing…no downtown, no anything. It was more isolated than any NJ bedroom community. Eaton’s Neck was separated from the mainland of LI by Asharoken. Asharoken was a ridiculously small town of rich people. All of the 25 or 30 houses in Asharoken were waterfront. They had a police force of about 4 or 5. The sole mission of their police force was to enforce the 25mph speed limit between Northport and Eaton’s Neck. No lie, 26mph was an automatic speeding ticket! This guy I struck up a conversation with was the first guy I actually knew who actually lived out on Eaton’s Neck. Now you can only do this story justice if you imagine a super, super, heavy, heavy, Long Island accent. I asked him what it was like to live out on Eaton’s Neck, given the Asharoken police. This was his answer:
“You never go home without milk. Even if you throw it out two days later, you never go home without milk.”
Ex-jersey
I think becoming a us citizen for simply being born in this country no matter the citizenship of the parents needs to end. At least one parent should be a green card holder or US citizen. No other developed countries automatically give citizenship to babies of aliens like the US does.
I think becoming a us citizen for simply being born in this country no matter the citizenship of the parents needs to end.
At least one parent should be a green card holder or US citizen. No other developed countries automatically give citizenship to babies of aliens like the US does.We should make it simple and precise. You need to be born in Kentucky to be a US citizen. Either that or be fourth generation or greater American. That should help the Kentucky economy, no?
Expat
I think in Kentucky you have to also be related to yourself
Kentucky in the summertime.
Ah heaven x
My pop is a Kentucky Colonel.
Cue Skynyrd/ https://youtu.be/QxIWDmmqZzY
“My pop is a Kentucky Colonel”
Is his last name Sanders? Cause besides General Tso, he has my utmost respect and adoration.
Oh crap. It’s almost 3 o’ clock. Time to control the banks, Hollywood and nearly everything in the world.
Lib you are late it’s 24/7!!
I think my Aunt Mom told me that once.
I think in Kentucky you have to also be related to yourself
When I was a little kid I thought that black licorice jelly beans were the worst. Now they’re the best.
If you like licorice, black swedish fish. Very hard to find. The absolute best.
Interesting. I’ll be on the lookout.
If you like licorice, black swedish fish. Very hard to find. The absolute best.
Here’s another culinary accident I just came up with. Left over pizza – warmed on our pizza stone in the oven – diced Krakaus Polish ham and extra mozzarella cheese on top. I’ve recently started buying a giant bag of shredded mozzarella at the supermarket, 8 cups for about $8.50. Comes in handy.
Throw some sliced pineapple on that bad boy!
LOL! I was thinking *exactly* that. None on hand.
Throw some sliced pineapple on that bad boy!
About two years ago I stopped at a pizzaria for lunch. This place did nothing but pizza, no sandwiches, nothing but pizza. Their Hawaiian pizza just looked so tremendous that I had it, and that’s not my normal gig. Haven’t had a slice of Hawaiian since, but it’s been on my mind ever since.
“I think becoming a us citizen for simply being born in this country no matter the citizenship of the parents needs to end. At least one parent should be a green card holder or US citizen. No other developed countries automatically give citizenship to babies of aliens like the US does.”
I’ve mentioned this before. Other developed countries don’t give out citizenship by birthright even if you are legal.
My youngest was born when we lived in London. We were there fully documented, legally for more than two years. He was not eligible for citizenship before naturalizing for, I believe, three years. Missed it by a narrow window and always kicked myself because of the advantages of an EU passport for him.
One of the most valuable commodities in the world – US citizenship – and we let it get stolen thousands of times a day…….
http://www.nj.com/news/index.ssf/2018/03/first_aid_chief_used_squad_as_personal_piggy_bank_must_pay_back_118k_and_faces_prison.html#incart_2box_nj-homepage-featured
Stole money = must pay restitution PLUS five years in prison.
“Of these entitlements, it’s generally only the ones related to retirement and health care that are growing as a share of GDP, 6 so Social Security and Medicare actually make pretty good proxies for the lot. These programs undeniably face funding challenges due to the retirement of the baby boomers, the last of whom will turn 67 (the new full retirement age that Social Security is set to transition to) in 2031, and the longer lifespans and lower birth rates that appear likely to keep the share of 67-plussers in the population high even after the boomers are gone. Social Security should probably be adapted to the reality that, at least for those at the upper end of the income spectrum, working past 67 is becoming a perfectly reasonable and even attractive prospect. And yes, this country sure could use a less expensive health-care system!
Nonetheless, it does seem like the U.S. also ought to expect federal spending, which has averaged 19.5 percent of GDP since 1950 and was 20.8 percent in fiscal 2017, to rise a bit as the population grays. Keeping Americans who are too old to work out of poverty and health-related misery is the decent thing to do, and government’s share of the economy is still pretty low in the U.S. relative to other wealthy countries where per-capita GDP is growing just as fast or faster than it is here, so it’s wrong to say we can’t manage the added cost.
Yet federal revenue, which has averaged 17.3 percent of GDP since 1950 and also happens to have been 17.3 percent of GDP in fiscal 2017, is projected by the White House Office of Management and Budget to decline to an average of 16.5 percent of GDP over the next four years, and given the many loopholes and outright mistakes people have been finding in the hastily written tax legislation, I wouldn’t be shocked if it went lower than that. If there’s a recession in the next four years, it will go much lower.
Now, if you see the world like economist Stephanie Kelton, who made her debut as a Bloomberg View contributor earlier this month and believes that the U.S. can easily manage a growing debt burden, none of this is a problem. But the Hoover Five clearly do consider rising deficits to be an economic threat, which makes their blitheness on the revenue front extremely suspect.”
https://www.bloomberg.com/view/articles/2018-03-29/beware-economists-who-warn-of-an-entitlement-explosion
No amnesty? 🤔
joyce says:
March 29, 2018 at 9:44 pm
http://www.nj.com/news/index.ssf/2018/03/first_aid_chief_used_squad_as_personal_piggy_bank_must_pay_back_118k_and_faces_prison.html#incart_2box_nj-homepage-featured
Stole money = must pay restitution PLUS five years in prison.
Pumps/Joyce. It’s not so much that they are Jews that amnesty is being offered. It’s completely political. Like when unions vote as a block. In this case, I expect State Comptroller Philip Degnan to get a lot of Jewish votes when he moves on to his next political position. Not saying it’s justified. These crooks should all rot in jail if jail is the correct punishment for medicare fraud.