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Want to know where rat pols are going to waste tax payer dollars from coronavirus relief?
Bendintheriver
Member Posts: 6,180 
in Tug Tavern
Yep, you probably guessed it, states like NJ, CA, and especially OR are going to spend it on their personal pension funds to bail out their ponzi scheme.
I was telling a friend that this was going to happen and then I see this article and found I am not the only one who suspects that is what rat leaders are going to do.
Keep an eye out because this is exactly what they were looking for to shore up their horrible drag on the private sector tax payer. These states are horribly upside down and even though the stock market was going to hit 30K, they were still bankrupt.
The rat corruption is going to be epic. Those fuckers........
https://www.realclearpolitics.com/articles/2020/03/30/dont_let_states_rob_covid-19_funds_to_bail_out_pensions.html
Don't Let States Rob COVID-19 Funds to Bail Out Pensions
Now that Congress has passed its broader humanitarian aid packages in response to the COVID-19 virus, it’s likely that the nation’s most fiscally irresponsible states will request bailouts for something completely unrelated to the virus: their bankrupt pension plans.
Bad as that may be, it’s likely some sort of assistance will materialize from Congress. If that happens, any support should be conditioned on pension reform.
It’s not a stretch to think that federal money will somehow find its way into the nation’s most dysfunctional pension plans. New Jersey’s Phil Murphy, governor of a state with one of the worst pension crises in the country, is seeking a multi-billion-dollar, flexible block grant. Meanwhile, Chicago Mayor Lori Lightfoot, whose city is already junk rated largely due to pensions, has warned “this is a B-sized problem, meaning something that can only be solved with billions in needed stimulus support from the federal government.”
I was telling a friend that this was going to happen and then I see this article and found I am not the only one who suspects that is what rat leaders are going to do.
Keep an eye out because this is exactly what they were looking for to shore up their horrible drag on the private sector tax payer. These states are horribly upside down and even though the stock market was going to hit 30K, they were still bankrupt.
The rat corruption is going to be epic. Those fuckers........
https://www.realclearpolitics.com/articles/2020/03/30/dont_let_states_rob_covid-19_funds_to_bail_out_pensions.html
Don't Let States Rob COVID-19 Funds to Bail Out Pensions
Now that Congress has passed its broader humanitarian aid packages in response to the COVID-19 virus, it’s likely that the nation’s most fiscally irresponsible states will request bailouts for something completely unrelated to the virus: their bankrupt pension plans.
Bad as that may be, it’s likely some sort of assistance will materialize from Congress. If that happens, any support should be conditioned on pension reform.
It’s not a stretch to think that federal money will somehow find its way into the nation’s most dysfunctional pension plans. New Jersey’s Phil Murphy, governor of a state with one of the worst pension crises in the country, is seeking a multi-billion-dollar, flexible block grant. Meanwhile, Chicago Mayor Lori Lightfoot, whose city is already junk rated largely due to pensions, has warned “this is a B-sized problem, meaning something that can only be solved with billions in needed stimulus support from the federal government.”
Comments
Stimulus was supposed to build shit on the Capitol campus
Went to public pensions came back as campaign contributions