Posted on 10/03/2017 7:30:31 PM PDT by 2ndDivisionVet
The democrats are more inclined to bail people, businesses, states out than the republicans, but Bush disproved this. In reality, there is little difference between the two parties.
I believe you will see the union and state pensions become insolvent and they will be merged, along with the IRAs, into the social security system or one very much like it.
Bankruptcy is not a bailout, its a simple recognition that it cannot be paid back (whether for a good or bad reason that caused it). It just makes creditors eat losses. There already is a pension fund that the fed government runs when pension funds go belly up. You usually end up with half or less of what you were going.
Either that or they become a state, enough of this territory crap. And some MAJOR reforms in their laws to stop the corruption and graft, then again we are talking about Washington DC and corruption in the same breath, so the pot calling the kettle black sort of thing.
It does not sound to me as if Trump intends to pay the PR debt, it sounds to me like he intends to crash the left.
It’s almost the ultimate “tough solution”, but, perhaps, better to do it now than face a worse collapse of the entire country later?
Waiting...
“Waiting...”
Oh, did not know you were waiting.
Here, savvy Trump bragging about his smart bankruptcy:
https://www.youtube.com/watch?v=SHM3ZTTmU88
Are you still waiting?
Like Trump said, you are living in a world of make believe if you equate that clip to “Trump has bragged about using bankruptcy MULTIPLE TIMES to have clean slate.”
He said nothing of the sort and you know it.
So yes I’m still waiting for and in context video of Trump “bragging” about using bankruptcy “multiple times” “to have a clean slate”.
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