Skip to content

Posts tagged ‘Government Bailouts’

9
Mar

The Next Trillion Dollar Hole That Washington Will Be Forced To Fill

San Diego City pension fundsIs it time to require the taxpayer to bailout city and state pension funds across the country?

Poor management, the stock market drop and worst of all built growth projections that were not only unrealistic but pure fantisty, should more than qualify these funds for prudent taxpayer money!

I understand that the City of San Diego will have to triple payments to it's pension system to stay on funding projections.
 
The largest public pension fund in the country, the California Public Employees Retirement System, has built in 7.75%-8% into its projections…and has not done better than 3.32% in recent memory. Except for 2008, when it lost 27%. Look at the Teacher Retirement System of Texas – the seventh largest pension fund in the country – expects to make 8% off its endowment. In reality, it has been making 2.6% for over a decade.  
In Chicago, I am told, the local transit authority has a $1.5 billion shortfall with its pension fund as of 2007. After the stock market fall in  2008, this shortfall could easily now be approching $3 billion.
With the outstanding job being done with these government run pension funds, it would seem certain the government will do a simular laudable job managening a new universal health care plan.

 San Diego income property

Recent Related Posts:

Timeline of Our Financial and Housing Crisis

The Greater Depression – Jim Rogers Interview

Eternal Optimism Meets Reality or Know When to Fold Them

 

 

 

3
Dec

Government Bailouts – Why a Modern-Day New Deal Won’t Work

From the Wall Street Journal on line … Amity Shlaes, senior fellow at the Council on Foreign Relations, explains to Dow Jones Newswires' Simon Constable why the New Deal didn't work in the 1930s and why Nobel laureate Paul Krugman is wrong to think a similar stimulus will work this time.

Why a Modern-Day New Deal Won't Work

MarketWatch – Video – Why a Modern-Day New Deal Won't Work – Why a Modern-Day New Deal Won't Work. Amity Shlaes, senior fellow at the Council on Foreign Relations, explains to Dow Jones Newswires' Simon Constable why the New Deal didn't work in the 1930s and why Nobel laureate Paul Krugman is …

The Freedom Fighter's Journal: The American Crisis: The Return Of … – The New New Deal It looks as if we are going to have to relive all of the mistakes of the 20th century, one more time—let's hope it is one last time—before we relearn the superiority of the free market and the disastrous consequences of …

New Deal with Labor for Recovery – Digital Journal: Your News Network – Similarly, in many of communities, children are trapped in antiquated school buildings that are ill-equipped for modern education. The deteriorating conditions of many public schools in Black and Latino communities coveys a message to …

Franklin Roosevelt's Court Packing Scheme: FDR's Plan to … – A divided court had invalidated crucial New Deal legislation in 1935 and 1936. Determined to save future legislation, FDR embarked on a plan to increase court membership.

28
Nov

Will The Government Bailouts Really Help?

Will 2009 be the bottom to the San Diego real estate market bust? Can all the Government bailouts prevent deflation and or depression? Agree or disagree, the video below is worth a look.

 

Debt and Deflation
Debt and Deflation

Bill Gates questions government bailouts – Bill Gates questions government bailouts. Throwing good money after bad. By Nick Farrell @ Wednesday, December 10, 2008 10:23 AM. Microsoft founder billionaire Bill Gates has slammed governments who consider bailing out their failing …

The Recession & More Government Bailouts – Forecasts & Trends … – The economy, the financial crisis and government bailouts were certainly hot topics for discussion among the large group of family and friends that we entertained over the Thanksgiving holiday and the weekend following. …

Tom Faranda's Folly: Government bailouts, and where to draw the line – Larry Kudlow, economist and CNBC television host and pundit, had a very good posting on his blog this past Saturday. Kudlow's Money Politic$: Where to Draw the Bailout Line? Where to draw the line? That’s the huge political question.

The ID Report – Popular media: Proposed government bailouts? Oh … – Popular media: Proposed government bailouts? Oh, please, no. by Denyse O'Leary ARN correspondent. Michelle Malkin, whose guts I admire, echoes my own view of proposed media bailouts:. I launched a Newspaper Bailout Countdown Clock on my …

Bailout Watch 277: House Republicans Offer Alterna-Plan | The … – Rather than a taxpayer-funded government bailout that replaces private investment, the House GOP plan proposes that the government provide insurance, funded by the participants with a modest FDIC-like fee, which would cover up to 50 …

 

                                                                                        San Diego real estate blog