Deja Vu All Over Again, at least for me when I was fighting years ago another imminent pension blow-out in one of my states largest public pension plans. Sometimes a dose of hopium and a little foray into the early years of my conservatism and patriotism is a good thing, at least as a momentary good feeling.
(Yes, there are high-dollar lavish retirement benefits for many but there are many tens of thousands of other retired public employees with poor and low benefit levels that places them within official federal and county poverty guidelines.)
...https://www.youtube.com/watch?v=LjnDKle4t8s...
Alex Newman - Federal Government Cannot Bail Everybody Out
2,646 views
•Apr 28, 2020
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Greg Hunter
242K subscribers
Alex Newman - Federal Government Cannot Bail Everybody Out
2,646 views
•Apr 28, 2020
284
10
Share
Save
Greg Hunter
242K subscribers
Journalist Alex Newman the virus has finally brought trillions of dollars in unpayable underwater state pensions in to the light as blue states are asking for a federal bailout. Newman says, “Right now, President Trump is talking about rebuilding our infrastructure. One reason our infrastructure is crumbling is 1/4 to 1/3 of our state and local government budgets are going to fund public pension plans. This is a good opportunity to rebuild our infrastructure, but we have to use some common sense here. We can’t keep paying these enormous pensions.”
In closing, Newman says, “The idea that the federal government cannot bail everybody out is self-evidentially ludicrous. The government can’t bail out the workers, the companies, states, local governments and the churches. It is self evidentially ridiculous. I hope President Trump can make some progress on it, but the task is so big and so complicated I feel like it would take a miracle to have some success on this.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Alex Newman, International Correspondent for The New American Magazine and founder of LibertySentinel.org.
Pray Without Ceasing