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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9530)	4/29/2020 11:09:13 AM
From: berniel	Respond to of 26472

Frustrating sometimes, but very True...

To: Kirk © who wrote (9530)	4/29/2020 11:17:22 AM
From: rdkflorida2	3 Recommendations Recommended By benwood berniel kimberley Read Replies (1) \| Respond to of 26472

Kirk, simple stuff: Democrats follow Tax and Spend. Republicans follow BORROW AND SPEND. Where was the Tea Party under Trump "before" the virus? MIA. Trump's deficit spending was a TRILLION DOLLARS "before" the virus. Nothing has changed.

To: Kirk © who wrote (9530)	4/29/2020 11:30:47 AM
From: robert b furman	3 Recommendations Recommended By kimberley Kirk © Riskmgmt Read Replies (1) \| Respond to of 26472

Hi Kirk, 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. This IMO draws a close parallel to the CEO's who got paid millions and yet had underfunded pensions obligations. That too is hugely corrupt. As almost all of the airline union pension plans went bust and entered the PBGC, the pay that was due was adjusted by the amount of underfunding. My partners older brother was a US Air Force pilot during the Viet Nam war. He then was a career Delta Captain and later an Instructor pilot for Delta. While retired the Delta Pilot pension entered the PBGC which subsequently resulted in a cut of approximately half of his pension plan. If that approach is good for the private sector I think it is also good for the public sector. It brings credibility and accountability into the public sector. A sector that has been off course for far too long and in many cases currently has a higher pay scale than the private sector. Some states have been disciplined and lived within their budgets. To bail out those that have not - would be disastrous by punishing the good to pay for the bad. It WILL NO DOUBT be battle royal. JMHO Bob u.s. pension benefit guaranty corporation The Pension Benefit Guaranty Corporation ( PBGC ) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary to carry out its operations. dol.gov Subject to other... Read More