Progressivisms Death Knell: Fissures opening to the left, and right in the deep blue progressive movement
Pension Returns Reach Record Low
Pretty hard to have progressivism when you have no other peoples money to reallocate. I have written about this for a very long time, in the blog, and in the preceding newsletter. The pension issue will bring down the states. It will cause them to come a cropper with the public. And it will require they be reformed.
Once they are reformed. The federal profligacy will become even that much more loathsome, for the electorate, and for the state, and local officials who have been through the pension reform ringer. The result will be federal reformation.
I can hardly wait.