marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
bailout
10/09/2020
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By Ramon Tomey
Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED
Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City. Their combined income of $175,000 covered the mortgage, two car leases, student loans, credit cards and the expense of raising two daughters. But Hopkins’ work as a lawyer representing clients in foreclosure cases and personal […]
08/14/2020
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By Ethan Huff
Democrat-run states need to bail themselves out, not demand that someone else foot the bill
In exchange for their cooperation in passing another Wuhan coronavirus (COVID-19) relief bill, Nancy Pelosi and House Democrats are demanding that the Trump administration bail out Democrat-run states like California and New York that are in a serious financial hole. But is this really the responsibility of taxpayers who live in well-run states that are […]
07/27/2020
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By News Editors
Welcome to the Third World, part 31: California makes its case for a bailout
Just a few months ago, California was running surpluses and spreading the wealth around — at least to its affluent voters and public sector employees — as if the good times were here to stay. (Article by John Rubino republished from DollarCollapse.com) Fast forward to the present and it’s all over. Tech stock IPOs – […]
07/01/2020
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By Ralph Flores
Trump signs law relaxing small business loan rules, but many are still left behind
Not long ago, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law, which eases some of the policies of the Paycheck Protection Program under the coronavirus relief bill. The overhaul comes as a relief for small businesses, as many are still trying to claw their way out of the economic crisis from the Wuhan coronavirus […]
04/13/2020
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By JD Heyes
Are you ready for the big pension fund bailout of 2020? Governors who imposed coronavirus lockdowns now want taxpayers to cough up $500 billion
We’ve been carefully monitoring the fiscal health of several states with mounting pension fund debt for several years because a couple of them have been teetering on the edge of bankruptcy. One of them was California, but thanks to the omnipresence of successful tech start-ups in Silicon Valley, the state’s Democrats who created the pension […]
03/22/2020
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By Mike Adams
Are you ready for the “F-U-shaped” recovery? … I need another hit of my bailout money
Even though the coronavirus hasn’t yet infected even 1% of the US population — and the market has only just begun to bleed off insane hypervaluations that made no financial sense — many Wall Street pundits are already talking about the recovery they hope is imminent. The more optimistic stock market cheerleaders tell us it […]
10/08/2019
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By JD Heyes
The pension apocalypse begins as GE freezes benefits for 20,000 employees
One thing the Democrat Left has always been good at is spending other people’s money. Whether it’s Democrat lawmakers spending trillions of dollars our country doesn’t have or their allies in the Left-wing labor union sector forcing companies to expend money in worker benefits beyond what is reasonable, there never seems to be enough money […]
07/29/2019
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By Tracey Watson
It’s now obvious: The taxpayers of Illinois will have their incomes confiscated to fund increases for overpaid teachers … GET OUT while you still have your wallet
A month ago, Chicago Mayor Lori Lightfoot insisted that the city’s pension funds were facing bankruptcy and demanded an urgent multi-billion-dollar bailout from the state. Governor J.B. Pritzker disagreed and denied her request, making it safe to assume that the funds continue to face the same serious problems. It came as something of a shock, […]
06/19/2017
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By JD Heyes
Several states set to collapse under crushing weight of bankrupt pensions: Will Illinois become the first?
For years Natural News founder/editor Mike Adams, the Health Ranger, has been warning Americans that many of the nation’s public sector pensions are underfunded by hundreds of billions of dollars and are on a course to collapse. In 2013, Adams warned police officers, firefighters, teachers and others who work for government entities that unless funding […]
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