America

Underfunded public pensions are undoubtedly the biggest threat facing America's long-term economic stability.  As we've argued numerous times in the past, the size of the aggregate underfunding, $5-$8 trillion depending on your assumptions, is simply too large for even the overly generous American taxpayer to cover.

Of course, one of the biggest contributors to this inevitable crisis is the state of Kentucky which has a funding hole of $33-$84 billion, depending on your discount rate assumptions, according to an analysis recently conducted by PFM Group.

Authored by Kevin Muir via The Macro Tourist blog,

Remember last November when it seemed like everyone was a US dollar bull?

Either they thought Trump would usher in the next Reaganesque US economic free market nirvana, or they were convinced there was this massive US dollar emerging markets short position from the years of USD debt issuance.

Nothing better illustrates the one sided nature of US dollar sentiment than the early December 2016 issue of The Economist.

Authored by Patrick Buchanan via Buchanan.org,

Wednesday morning, Nov. 9, 2016, Republicans awoke to learn they had won the lottery. Donald Trump had won the presidency by carrying Wisconsin, Michigan and Pennsylvania. All three states had gone Democratic in the last six presidential elections.

The GOP had won both houses of Congress. Party control of governorships and state legislatures rivaled the halcyon years of the 1920s.

Authored by Richard Ebeling via The Mises Institute,

Very often bad and failed ideas do not die, they simply reappear during periods of supposed social and political crisis in slightly different intellectual garb, and offer “solutions” that would merely help to bring about some of the very types of crises for which they once again claim to have the answers. Socialism in its various “progressive” mutations represents one of the leading ones in our time.

A University of Tampa professor recently suggested that Texans deserve the fallout from Hurricane Harvey because of their support for Donald Trump in the 2016 election.

As Campus Reform reports, Professor Ken Storey wrote...

“I don’t believe in instant Karma but this kinda feels like it for Texas, Hopefully this will help them realize the GOP doesn’t care about them.”