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Non-Tech : Kirk's Market Thoughts
COHR 156.67-0.8%3:59 PM EST

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To: robert b furman who wrote (9539)4/29/2020 11:40:49 AM
From: Kirk ©1 Recommendation  Read Replies (1) of 26474
 
100% correct!

McConnell's position on letting the states go thru bankruptcy, is being made so the underfunded pensions that embraced (contributed campaign funds) the purpose of re-electing democrats for decades, will be forced to enter the Pension benefit Guarantee Board.

It is not the responsibility of the tax payer to bail corrupt politicians who agreed to pay increases so they could continue their political position while not funding the new unpaid pay levels.

Anyone with an HONEST brain knows it is true but here most are so biased in the "we paid for this, we were under paid, it is a lie we could not get fired, etc..." crap that it will be a huge battle.

I've been exchanging emails about this with some of the biggest critics of how CA accounts for its pensions but it seems they are still die hard Democrats and want the pensions to continue, just they want better accounting used so they are fully funded!
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