Everyone
RR, The sky is falling, our own loose cannon, shoots at everything. tsk, tsk
Stan the research man
-----Original Message-----
From: Ron Ristad <ristad@xxxxxxxxxxx>
To: aranet <aranet@xxxxxxxxxxxxx>; sparkscoffee <sparkscoffee@xxxxxxxxxxxxx>;
w4clm <w4clm@xxxxxxxxxxxxx>
Sent: Mon, Dec 5, 2016 10:32 am
Subject: [sparkscoffee] Pension Funds in The News
Run on Dallas Pension Fund – Mayor Asks To Suspend Withdrawals
The Mayor of Dallas, Mike Rawlings, sent a letter on the 29th asking for an
immediate suspension of lump-sum withdrawals from the Dallas Police and Fire
Pension Fund. There is a run on the pensions because people are realizing that
there will be nothing there. The troubled pension fund will be insolvent by
2028 at the current level. The politicians are banking on a taxpayer bailout to
save it.
Every Household in California Owes $93,000 to Pay for State Pensions
Stanford University has been tracking the cost of pensions in California. So
while there is a movement starting to separate from the United States
especially since they wanted Hillary, California will soon fall on its face and
then will be begging Washington for a handout. The real amount owed by every
household in California to cover state pensions jumped to $93,000 in 2015 up
from $77,700 per household in 2014.
California may be the most socialistic state in the union, so expect them to
also be among the first to collapse despite being the fifth largest economy in
the world if looked at as their own nation. Go ahead – leave; but take your
pensions with you please! There are two categories of fools: (1) are those who
believe what isn’t true; and (2) those who refuse to believe what is true.
Socialists seem to come in both varieties.
Socialists have murdered and killed millions of those who disagree with them.
The opponents of Marxism have been burnt, tortured, fined, and imprisoned; yet
we have not advanced one inch towards this mythical land of perfect harmony and
utopia. The net result has only been war and conflict and to prove that one
half the world is composed of fools and hypocrites who just want to be taken
care-of, yet willing to surrender their independence while pretending to be
independent.
