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What Ponzi Scheme? Public Pensions Average 0.6% Return In 2016 Despite 7.6% Assumption

What Ponzi Scheme?  Public Pensions Average 0.6% Return In 2016 Despite 7.6% Assumption

We've frequently argued that public pension funds in the U.S. are nothing more than thinly-veiled ponzi schemes with their ridiculously high return assumptions specifically intended to artificially minimize the present value of future retiree payment obligations and thus also minimize required annual contributions from taxpayers...all while actual, if immediately intangible, underfunded liabilities continue to surge. 

Gingrich To GOP: Pass Tax Cuts In 2017 Or Prepare For Speaker Pelosi

Gingrich To GOP:  Pass Tax Cuts In 2017 Or Prepare For Speaker Pelosi

Former House Speaker Newt Gingrich and former Best Buy CEO Brad Anderson penned an op-ed in the USA Today warning Republicans that they have about 4 months left to pass tax cuts or suffer the inevitable consequences of massive losses in the 2018 mid-terms that will return control of Congress to Nancy Pelosi.

The specter of House Speaker Nancy Pelosi is looming.

 

CNN's Jim Acosta Suffers Intense Verbal Beatdown by White House's Stephen Miller Over Immigration Policy

CNN's Jim Acosta Suffers Intense Verbal Beatdown by White House's Stephen Miller Over Immigration Policy

Content originally published at iBankCoin.com

 

Stephen Miller destroyed two reporters today, who may not recover. His first victim was the NY Times Glenn Thrush. The second, and most severely battered, was CNN's Jim Acosta -- who accused Trump's new English requirement for immigrants as a racist policy meant to import gents from Great Britain and Australia.

Miller Unloads on NY Times Reporter: Maybe We'll Carve Out a Part of the Bill to Allow Low Wage Workers at the NY Times

Content originally published at iBankCoin.com

The Chief White House correspondent for the NY Times, Glenn Thrush, was utterly and vigorously humiliated today -- by Trump's senior policy advisor, Steven Miller.

NY Times Chief White House Correspondent, Glenn Thrush, lost his hat today

'Maybe it's time we had compassion for American workers, Glenn.'

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