In Unprecedented Move, Dallas Pension System Suspends Withdrawals, at zerohedge.com. This is what happens when government can’t say no to public unions. Because tax dollars are being spent, there is no incentive to constrain the greed of public union workers. Ponzi schemes always end badly, even those funded by “unlimited” tax dollars.
In an unrelated story. Meet California’s 218,667 Public Employees Who Make Over $100,000 A Year, at zerohedge.com. Public employees don’t produce anything that could be sold for a profit in the market. All they produce is red tape. How can these people be more important than the tax payers who pay their salaries, pensions, benefits, and yes even their taxes? This will end badly.
In an unrelated story. Stanford Study Reveals California Pensions Underfunded By $1 Trillion or $93k Per Household, at zerohedge.com. Another Ponzi scheme paid for by tax payers.
Pentagon Buries Evidence Of $125 Billion In Bureaucratic Waste, at thewashingtonpost.com. Those who don’t want to cut the military’s budget, should read this. Wherever there is a pile of money, especially tax dollars, there will be no shortage of people waiting in line to get as much of it as they can. You could cut every government agency’s budget by 20% and still not get rid all the waste.
Tired Dem Donors Feel Like Their Money Got Burned, at thehill.com. Of course they feel this way. They bet on a sure thing and didn’t win. The DNC needs money to try to rebuild its image for the 2018 midterm elections and the Dem. donors aren’t in a giving mood.
U.S. Shale Greater Threat To OPEC After Oil Price War, at reuters.com. Fracking has lowered the price of oil from $100 plus to around $40. OPEC is going to try to raise the price by restricting the amount that member nations produce (think supply and demand). Unfortunately for OPEC, the fracking industry in the U.S. has lowered its cost of production to a point where most wells can be profitable at $40 a barrel. As OPED restricts supply, the price will rise. As the price rises, more frack wells will open up and supply oil at the higher price. As the supply rises, the price will go down. Market prices work in coordinating supply of and demand for scarce resources. HT carpediemblog.
Portland Adulting School Teaches Millennials How To Be Functional Grownups, at odditycentral.com. Parents and schools shirking their duty to turn children into adults has created a market for an adulting school. As long as there is a need, the market will do its best to fill it. I don’t know if this story is true, but I do know that there is a market for this service.
After ISIS Machete Attack, OSU Students Still Unable To Say The Word Terrorist, at zerohedge.com. The most dangerous place for your kids is a college campus. Not because of possible terrorist attacks like the one at OSU. No they are dangerous because of how they have been taught to think (feel) about a terrorist attack. God help us all.
Nomiki Konst: OSU Cop’ Rushed To Judgement’ By Shooting Attacker, at miloyiannopoulos.net. When I heard about this story, I thought it was from the Onion. It is real. This is what some ignorant people really think. Watch the video.
University With History Of An Anti-Christian Bias Denies Credits To Students Volunteering At Church, at theblaze.com. No surprise here.
Congress Urges Criminal Prosecution Of Planned Parenthood For Baby Body Parts Scandal, at lifesitenews.com. Do you remember the undercover videos? Watch undercover video of PPH trafficking in baby parts here, Human Capital Episode 3: Planned Parenthood Trafficking In Baby Parts, at austrianaddict.co.
Hollywood Loves Abortion Films, But Rejected This One; Here’s Why, at newsbusters.org. Remember the trial of convicted Philadelphia abortionist Kermit Gosnell? Hollywood is shying away from the movie titled, Gosnell, because it shows the reality of abortion. Just like media bias, it isn’t so much what they show, it’s what they don’t show.
2015 FBI Data: Jews Were Nearly 3X More Likely Than Blacks, And 1.5X More Likely Than Muslims To Be A Hate Crime Victim, at carpediemblog. Once again reality doesn’t fit what the press reports. Sins of omission!
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AUSTRIAN ECONOMICS ADDICT 