Social Issues

In the widely anticipated budget proposal to be released by President Trump on Thursday, the White House will call for spending cuts of 28% for the State Department and 31% for the Environmental Protection Agency, the New York Times reported on Wednesday, citing congressional staff who are familiar with the plan. The budget plan for fiscal 2018 will also propose a big reduction in the State Department's Food for Peace program and elimination of a Transportation Department program that subsidizes flights to rural U.S. airports.

Authored by Vijeta Uniyal,

Authored by Michael Shedlock via MishTalk.com,

Despite a massive rally in the stock market, Illinois public pension liabilities continue to grow.

GARS, the Illinois General Assembly Retirement System, is only 13.52% funded, down from 17% funded in 2013. How long can GARS last?

Meanwhile, Illinois has accrued a combined net pension liability of roughly $130 billion on which it assumes a 7% return.

Authored by Hunter Lewis via The Mises Institute,

The Congressional Budget office yesterday reported that 24 million people would lose health insurance coverage under the Ryancare bill. Mainstream Republicans were not pleased to hear that.

via the Soren K Group  at MarketSlant.com

I do not necessarily subscribe to the following opinions-Vince L.

BoomerCare will not be Repealed

Why? Because once implemented, politicians only substitute. They never remove. Maybe "Obamacare" will be repealed. But whatever replaces it will be a different version of what came before. The Swamp is only interested in moving deck chairs around for you while they quietly secure their spots on the baby boomer exit life boat. The bagholders are everyone after the Boomers.