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Thread: Do You Live In A Political Bubble?

  1. #441
    I disagree with you
    ImTheCaptain's Avatar
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    homeboy is all over the board grasping for trump flavored straws

  2. #442
    Quote Originally Posted by 06deacon View Post
    Thank you for the copy pasta reff.

    Iím thinking youíre not comparing apples to apples, due to the way assets and liabilities are measured for balance sheet purposes. Which leads to unfortunate conclusions like your trillion dollars you made up.
    That would be right out of a Forbes magazine article. Here you go, sport: https://www.forbes.com/sites/ikebran...h=364013c3629a

    They cited the California Policy Center study, linked here: https://californiapolicycenter.org/c...-5-trillion-2/

    Sorry, but you're not going to be able to shout away math. It's not all OrangeManBad and virtue-signaling yard signs. You're eventually going to have to face the music and do some math.

  3. #443
    Pretty much anyone can contribute to Forbes these days. And as it says on there, it is not the shared opinion of the publication. Just some guy at the Jack Kemp Foundation.

  4. #444
    ďUnions are bad. Also, my political party cares about not leaving behind workers.Ē

    Lol. A fucking fool.

  5. #445
    Go ahead and tell me that California's Pension System is sustainable. Put your name on it.

  6. #446
    Scooter Banks

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    Quote Originally Posted by WokeandBroke View Post
    Go ahead and tell me that California's Pension System is sustainable. Put your name on it.
    This person says it is, and he seems to know more about it than you (who either just googled it or watched a Fox News California is bad rant).

    https://calpensions.com/2020/01/08/c...at-the-crisis/

    But I agree with you that we should defund the police (pensions).

  7. #447
    I disagree with you
    ImTheCaptain's Avatar
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    Quote Originally Posted by WokeandBroke View Post
    That would be right out of a Forbes magazine article. Here you go, sport: https://www.forbes.com/sites/ikebran...h=364013c3629a

    They cited the California Policy Center study, linked here: https://californiapolicycenter.org/c...-5-trillion-2/

    Sorry, but you're not going to be able to shout away math. It's not all OrangeManBad and virtue-signaling yard signs. You're eventually going to have to face the music and do some math.
    it would appear that basically every state is in the same position so not exactly a D/R problem:


  8. #448
    Quote Originally Posted by WokeandBroke View Post
    That would be right out of a Forbes magazine article. Here you go, sport: https://www.forbes.com/sites/ikebran...h=364013c3629a

    They cited the California Policy Center study, linked here: https://californiapolicycenter.org/c...-5-trillion-2/

    Sorry, but you're not going to be able to shout away math. It's not all OrangeManBad and virtue-signaling yard signs. You're eventually going to have to face the music and do some math.
    California policy center huh. ďThe California Policy Center (CPC) is an educational non-profit working for the prosperity of all Californians by eliminating public-sector barriers to freedom.Ē

    Sounds legit! But Iím not disputing their number, itís probably right but Iím disputing the alarm bell conclusions theyíre reaching.

    For a pension liability you have to estimate the present value of future payouts for whoever is receiving pension benefits into their expected death based on actuarial estimates. Makes sense. But you also have to estimate the same for everyone currently working in the system even if they havenít retired yet and you wonít be paying these payouts for decades. But per accounting rules since some component of these future payouts is certain you have to make your best estimate for your balance sheet. Hence, you get a bazillion dollar liability.

    Unfortunately on the asset side itís a valuation/estimate based on what you have as of the balance sheet date. Which will never line up with those liability estimates. In theory, you could have trillions of dollars socked away now to prepay those needs. But why would you? Itís stupid. Thatís what current year and future contributions are for but you canít count those chickens before they hatch from an asset accounting perspective.

    Itís essentially a comparison of apples and oranges. Which leads you to bad conclusions. Sort of like when all sorts of articles come out annually claiming that some company pays no income tax because of their book income statement.

    Save your snark.

  9. #449
    Quote Originally Posted by WokeandBroke View Post
    They believe that reversing the trade deals, stabilizing the labor market by enforcing immigration rules and putting their country first IS the right thing to do. You obviously have different opinions. They know what the Dems stand for and decided after about a generation of voting for Dems to stop. Don't they have the right? Why is the burden on them to explain their reasoning to you?
    Alternatively, they love grifting upper mid-west, Christian, factory-worker types for cash donations to political campaigns so they hype up the fear of foreigners and promise to build useless walls on the border.
    Birds are real.

  10. #450
    Quote Originally Posted by sailordeac View Post
    yeah, they could leave the US altogether, that would be much better
    Why wont democRATS pass laws that drop the minimum wage, eliminate labor safety standards, and discard environmental protections!?!?! If they actually cared about the working and middle class they would!
    Birds are real.

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