Mon, 7 August 2017
Illinois has over 63,000 government workers (an oxymoron) making over 100k per year or more. This is a prescription for disaster. And they're going to receive pensions based upon these bloated salaries. Something has to give. The courts won't let them cut the pensions without a constitutional amendment. What's a taxpayer to do? Move out, and more and more of them are doing exactly that. Especially after the 1/3 tax increase that was just passed over the governor's veto. New Orleans has flooded again. No Cat 4 hurricane this time, just good old fashioned torrential rains. The city's 24 pumping stations just can't keep up with it. Very reassuring when you consider they're only 1 hurricane away from another Katrina type event. I thought the billions in tax dollars were supposed to stop a repeat performance. Time to stop subsidizing Elan Musk and the Tesla Car Company. The average Model X buyer makes over 500k and the average Model S purchaser is good for over 250k. Is that where we want our tax dollars going? And finally, LA County spent over $1.3 billion on welfare for illegal aliens! California spent over $25 billion in 2013 and you can be sure the total is much higher now. Is this any way to run a state? Heading for insolvency just like the rest. |
Mon, 7 August 2017
They're out to get Trump. They couldn't beat him in the election and they're probably not going to be able to do it now. While the White House might look chaotic now, it's really not going to make a difference in the long run. Wayne believes Trump should fire Meuller and take the consequences. He's really got nothing to lose. How it will actually wind up is anyone's guess. |
Mon, 7 August 2017
The Millennials certainly have their issues. Thus far they've avoided things like houses, autos and equities. Now they're piling into equities and RV's. Is this the ultimate contrarian indicator that's now time to flee the markets and anything with wheels on it, including tricycles? |
