Everyone mocked me when I said The DNC in Calif knows full well the FED will bail California out.
The DNC knows if a party wants the electoral votes, the fed must take on whatever debt the DNC decodes to incur in Calif.
They better efing not! Just reading that gives me an eye tic.
Does this mean that Illinois won the race with California to be the first state to come begging to the fed for a bail out.
There already exists a federal safety net for pensions. It’s Social Security.
Lessee....the FEDS will bail out banks and bankers bonuses BUT not taxpayers pensions!?
That’ll go over like a lead balloon!!!!!
That's it. DON'T MAKE THE FINANCIALLY RESPONSIBLE FOLKS SUFFER BECAUSE OF THE STUPIDITY OF THE IRRESPONSIBLE!
Maybe the unions should quit giving their pension money to left-wing candidates who ruin the economy.
Maybe since libs don’t discriminate they would go along with the idea of letting anyone join their unions and get on the gravy train even if they never worked and held a card. After all, why should they be shut out?
Oh yeah, I am really looking forward to bailing out the lavish pension and health plans for a bunch of marginally literate Chicago teachers making $80,000 plus per year to work less than 9 months a year.
These same teachers have a job performance so low that 40% of the students drop out of school altogether and 80% the 60% that don’t drop out and stay in school to graduate cannot read or do basic math and are functionally illiterate.
Bernanke’s next buy.