Federal Taxpayer Bailout Likely For Big Union Pension Funds – Michigan Capitol Confidential

Federal Taxpayer Bailout Likely For Big Union Pension Funds – Michigan Capitol Confidential
"...A pension fund administered by the Teamsters union, with more than 43,000 participants in Michigan, expects to run out of the money it needs to pay its beneficiaries by 2025.
Due to the size of this fund and the benefits it has promised to pay out, some experts project that its insolvency will single-handedly bankrupt the federal body created to insure private pension funds, the Pension Benefit Guarantee Corporation.
The Teamsters fund is among the largest union-sponsored multiemployer retirement plans that are underfunded and in danger of not being able to meet their obligations in the next decade.
This fund, called the Central States Pension Fund, is estimated to have assets sufficient to cover only 33 percent of its promises. 
It has $36 billion in unfunded liabilities, according to a recent filing with the federal government.
When this and similar multiemployer pension plans fail to meet their pension obligations, the PBGC is supposed to pay a portion of the benefits promised to retired workers.
But the PBGC itself projects that it will no longer have enough money to pay retirees by 2025.
To avoid reduced benefit payments to their members — or seeing no benefit payments at all — labor groups are lobbying Congress for a bailout..."
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WATCH: Liberal Activists Chant ‘F--- White Supremacy’ at Candace Owens, Who Is Black | pluralist

WATCH: Liberal Activists Chant ‘F--- White Supremacy’ at Candace Owens, Who Is Black | pluralist
"Is this the civil rights era all over again?"
What: Conservative activists Candace Owens and Charlie Kirk were harassed on Monday outside a Philadelphia restaurant by liberal protestors allegedly with Antifa.
Owens and Kirk -- the communications director and founder of the right-wing organization Turning Point USA, respectively -- were exiting the restaurant when protesters pounced on them. 
In a video posted Twitter, the protesters pour water on Kirk and shout "F--k white supremacy" to Owens, who is black. ​

Candace Owens

✔@RealCandaceO

To be clear: ANTIFA, an all-white fascist organization, just grew violent and attacked an all-black and Hispanic police force.

Because I, a BLACK woman, was eating breakfast.

Is this the civil rights era all over again?

9:24 AM - Aug 6, 2018

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Lunch video-----The New York Times Just Hired a Racist

Noon-toon

Daily Inter Lake - Frank Miele: Editor's 2 Cents, The left’s love affair with doublethink

Daily Inter Lake - Frank Miele: Editor's 2 Cents, The left’s love affair with doublethink:

The twists and turns in the logic of doublethink are exhausting, and I think it is safe to say that part of the power of liberalism is that it is easier to surrender to its hypnotic fluttering rhetoric than to pin it down like a bug and analyze it under a microscope. Yet once you face facts, there is no going back, no matter how isolated it may make you feel.

Michigan Sen. David Knezek: Social studies changes are ‘mind-numbing’ | Bridge Magazine

Michigan Sen. David Knezek: Social studies changes are ‘mind-numbing’ | Bridge Magazine
"...Proposed changes to Michigan social studies standards ‒ which remove or downplay volatile U.S. social issues and cut “democratic” from “core democratic values” ‒ are running into opposition on the State Board of Education.
The eight-member board must approve the controversial revisions for them to impact what’s taught in Michigan public school classrooms. 
The four Democrats on the elected board would vote in a block to oppose proposed changes to the standards, according to two board members who spoke to Bridge Wednesday.
If that happens, even if the four Republican members voted for the conservative-inspired revisions, the 4-4 tie would not be enough to approve the standards.

• ...First person: Michigan Sen. Patrick Colbeck: ‘There is a culture war going on’
• ...First person: Michigan Sen. David Knezek: Social studies changes are ‘mind-numbing’..."

In dueling speeches on the Michigan Senate floor Tuesday night, state Sen. David Knezek, D-Dearborn Heights, and state Sen. Patrick Colbeck, R-Canton Twp., debated controversial changes in a draft of new social studies standards in Michigan classrooms. 
This is a transcript of Knezek’s speech. (A transcript of Colbeck’s responsecan be found here.) 

Fascinating!-----Here's How America Uses Its Land

Here's How America Uses Its Land:
"There are many statistical measures that show how productive the U.S. is. 
Its economy is the largest in the world and grew at a rate of 4.1 percent last quarter, its fastest pace since 2014. The unemployment rate is near the lowest mark in a half century.
What can be harder to decipher is how Americans use their land to create wealth. 
The 48 contiguous states alone are a 1.9 billion-acre jigsaw puzzle of cities, farms, forests and pastures that Americans use to feed themselves, power their economy and extract value for business and pleasure..."
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#1 this day 1958-----Ricky Nelson- Poor Little Fool

As a reality check, here are a few facts:

Fans of Best of the Web Today

Michael Smith

As a reality check, here are a few facts:

The net worth of all of America’s billionaires is roughly $2.4 trillion. 
Liquidating all of their assets would:

- Pay roughly 54% of the US budget for one year (fund Social Security and Medicare for one year), or
- Pay for the budget deficit for 3-4 years (depending on spending increases), or
- Pay off 11.5% of the national debt, or
- Send a one-time cash payment of $7,362 to every person in America.

Federal income taxes are paid by the:

Top 1% - 39.48%
Top 5% - 59.97%
Top 10% - 70.88%
Top 25% - 86.78%
Top 50% - 97.25%
Bottom 50% - 2.75%

If you make $32,400 a year ($15.50 per hour), you are in the upper 1% of incomes in the world.

70% of American households make more than $35,000 a year.

The average tax return filed for a single filer was $35,000.

Moral of the story?

America is a rich country across the board and you can join the “democratic socialists” to eat the rich - but you better enjoy it because it will only be one meal."

You ought to know!

Twitter is run by Democratic donors and activists

Twitter is run by Democratic donors and activists:

Last month, Twitter purged more than 380,000 of Trump’s followers, claiming they were fake accounts, and it’s now assisting special counsel Robert Mueller’s investigation of Trump for alleged obstruction of justice based in part on his tweets.
Twitter did not respond to questions about its one-sided pattern of political donations.
While the company says it’s not engaged in political censorship, it’s clearly run by Democratic donors and activists. And though it says its algorithms for policing “healthy conversations” aren’t politically motivated, it’s clear that their effect is the censorship of Republicans and conservatives.

CEI: Proposed Changes to CAFE Standards Are Good News for Consumers | Competitive Enterprise Institute

CEI: Proposed Changes to CAFE Standards Are Good News for Consumers | Competitive Enterprise Institute
"...the Department of Transportation and the Environmental Protection Agency released proposed revisions to future fuel economy standards set under the Obama Administration.

Director of CEI’s Center for Energy and Environment Myron Ebell said:

“The administration’s announcement that it will relax future fuel economy (CAFE) standards is good news for consumers.  
It means that the federal government will have slightly less control over the kinds of cars and trucks people can buy.  
It might even cause car prices to stop increasing so rapidly.  

• Even better news is the decision to take California out of the driver’s seat for setting CAFE standards for the entire country.  Letting one state make decisions for people in other states makes a bad program even worse, especially since the state is California, which has been pursuing an anti-car agenda for decades.”

CEI General Counsel Sam Kazman said:

“CAFE was recognized long ago as a threat to highway safety. 
That recognition came from analysts, consumer advocates, and even a federal court..."
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