A Few Simple Charts Spell Disaster For Public Pension Ponzi Schemes | Zero Hedge

A Few Simple Charts Spell Disaster For Public Pension Ponzi Schemes | Zero Hedge
A Few Simple Charts Spell Disaster For Public Pension Ponzi Schemes

"Earlier today, Milliman released their 2017 Public Pension Funding Study which explores the funded status of the 100 largest U.S. public pension plans.  
Not surprisingly, this study only served to confirm many of the rather alarming trends surrounding public pension ponzi's that we discuss on a regular basis.

Starting with a high-level status update, Milliman figures the largest 100 public pensions were roughly just as underfunded on June 30, 2017 as they were on June 30, 2016...not an encouraging development given that the S&P 500 surged 15% over that same period...

The Total Pension Liability reported at the last fiscal year ends totaled $4.72 trillion, up from $4.43 trillion as of the prior fiscal year ends. We estimate that the Total Pension Liability has increased to $4.87 trillion as of June 30, 2017. The aggregate underfunding as of the last fiscal year ends stood at $1.53 trillion, but we estimate that the underfunding has narrowed to $1.43 trillion as of June 30, 2017.

Meanwhile, 32% of the top 100 plans were less than 60% funded..."

Read on!

AM Fruitcake

History for November 2

History for November 2 - On-This-Day.com:
Daniel Boone 1734, James Knox Polk (U.S.) 1795, Warren G. Harding (U.S.) 1865


Burt Lancaster 1913, Patrick J. Buchanan 1938, Shere Hite 1942


1783 - U.S. Gen. George Washington gave his "Farewell Address to the Army" near Princeton, NJ.


1917 - British Foreign Secretary Arthur Balfour expressed support for a "national home" for the Jews of Palestine.


1920 - The first commercial radio station in the U.S., KDKA of Pittsburgh, PA, began regular broadcasting.


1921 - Margaret Sanger's National Birth Control League combined with Mary Ware Denetts Voluntary Parenthood League to form the American Birth Control League.


1947 - Howard Hughes flew his "Spruce Goose," a huge wooden airplane, for eight minutes in California. It was the plane's first and only flight. The "Spruce Goose," nicknamed because of the white-gray color of the spruce used to build it, never went into production.


1948 - Harry S. Truman defeated Thomas E. Dewey for the U.S. presidency. The Chicago Tribune published an early edition that had the headline "DEWEY DEFEATS TRUMAN." The Truman victory surprised many polls and newspapers. (Illinois>


1983 - U.S. President Ronald Reagan signed a bill establishing a federal holiday on the third Monday of January in honor of civil rights leader Dr. Martin Luther King Jr.


1998 - U.S. President Clinton gave his first in-depth interview since the White House sex scandal to Black Entertainment Television talk show host and political commentator Tavis Smiley on the network's "BET Tonight with Tavis Smiley."

LIBERTY REVIEW

LIBERTY REVIEW:

https://libertyreview76.blogspot.com/2017/11/ladyjustice-bytammy-derouin-whenwe.html

Lady Justice

By Tammy Derouin

When we think about justice being served, one of the first things that come to mind is that a wrong will be corrected and the offender(s), having been held accountable, will face some sort of punishment.

Justice is a process. It begins with a violation or an accusation and is followed by legal proceedings. Information is gathered to see if there is enough evidence to move forward with a trial. If the process continues, the evidence is supported and challenged by both sides. Individual testimony, to support or discredit claims, are presented which will hopefully render a clearer picture of the events which took place, or didn't take place.

Justice, in the United States, comes with the benefit of being innocent until proven guilty and that everyone is held to the same standards under the law, regardless of stature. Lady Justice is blindfolded for a reason. Do we still respect and demand fairness?

Justice, as a process, has an end; acquittal or punishment. Everyone will have an opinion as to whether justice was served and if the punishment fit the crime. Understandably, many factors come into play from personal feelings, the facts, as well as the acceptance of the facts. Unfortunately, facts have become less important on the political stage. Many attempts have been made to bury them while creating a different reality to the liking of a political party. This has dangerous consequences for everyone.......

The way we were-----The Fifth Dimension - Aquarius - Let The Sunshine In - Bubblerock Promo

Boob-tube-----Top 10 Hilarious SNL Singer Parodies

What We’ve Learned About the Funding of the Dossier | The Rush Limbaugh Show

What We’ve Learned About the Funding of the Dossier | The Rush Limbaugh Show:

"RUSH: A few more tidbits here on the Trump dossier. The Democrats are beginning to indicate now that… They’re beginning to acknowledge that it was paid for by Hillary and the DNC and they had a cutout law firm to make the transaction, Perkins Coie. Pencil Neck, Adam Schiff — the ranking Democrat of the House Intelligence Committee — was on one of the Sunday shows yesterday. He said, “Well, really it doesn’t matter who paid for it. When you get right down to it, who paid for it doesn’t matter. What matters is how much of it is true.”
It doesn’t matter who paid for it, but what matters is how much of it is true? Do you think who paid for it might be a factor in how much of it is true, Pencil Neck? For example, if Hillary Clinton and the Democrat National Committee paid for this and a Democrat law firm — who has as a member a guy by the name of Bob Bauer, who has been in bed with the Clinton administration, the Obama administration. "

Gimme a break!-----Betsy DeVos dressed as Ms. Frizzle for Halloween and people aren't happy | MLive.com

Betsy DeVos dressed as Ms. Frizzle for Halloween and people aren't happy | MLive.com
"Betsy DeVos hopped on the Magic School Bus for Halloween, but not everyone is going along for the ride.
That's right, the Secretary of Education from Michigan marked the occasion by dressing up as Ms. Frizzle, the eccentric, orange-haired teacher from the 90s animated series "The Magic School Bus."
...But others aren't as excited, even going as far to say she's "unworthy" since Frizzle is a public school teacher and bus driver and DeVos is an advocate for private schools and alternative charter academies..."

View image on Twitter

Gabriella Paiella 

✔@GMPaiella

Betsy DeVos how dare you besmirch the good name and honor of Ms. Frizzle!!!

9:55 AM - Oct 31, 2017Twitter Ads info and privacy