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BoomerCare will not be Repealed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 Maybe "Obamacare" will be repealed.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.
Authored by Judith Bergmann via The Gatestone Institute,
Taking a bold authoritarian step towards fighting online hate speech, Germany intends to pass a law that would fine social media outlets up to $53m for failing to delete hateful comments within a designated time frame.
Out of all the social media outlets, YouTube is the best at monitoring hate speech, with a 90% removal rate inside a week. Facebook was second at 39% and Twitter an abysmal last at just 1%.
Lots of hate happening on Twitter these days. Evidently, something will have to be done about that.