STRAWMAN: Volume II: Replacing “God” With “Logos” – The Most Unholy, Logical Fallacy

“DE FACTO – Latin word for in fact. A term used to denote a thing actually done; a president of the United States de facto is one in the exercise of the executive power, and is distinguished from one, who being legally entitled to such power is ejected from it; the latter would be a president de jure. An officer de facto is frequently considered as an officer de jure, and his official acts are of equal validity.“ (–THELAW.COM Law Dictionary, online)

“DE FACTO – In fact, in deed, actually. This phrase is used to characterize an officer, a government, a past action, or a state of affairs which exists actually and must be accepted for all practical purposes, but which is illegal or illegitimate. In this sense it is the contrary of de jure, which means rightful, legitimate, just, or constitutional. Thus, an officer, king, or government de facto is one who is in actual possession of the office or supreme power, but by usurpation, or in respect to lawful title; while an officer, king, or governor de jure is one who has just claim and rightful title to the office or power, but who has never had plenary possession of the same, or is not now in actual possession. So a wife de facto is one whose marriage is voidable by decree, as distinguished from a wife de jure, or lawful wife. But the term is also frequently used independently of any distinction from de jure; thus a blockade de facto is a blockade which is actually maintained, as distinguished from a mere paper blockade. As to de facto “Corporation,” “Court,” “Domicile,” “Government,” and “Officer,” see those titles. In old English law. De facto means respecting or concerning the principal act of a murder, which was technically denominated factum.” (–Black’s Law Dictionary, 2nd Edition)

(NEW) Endgame: Globalism Through Public Pension Ponzi Schemes Now Manifesting… CalPERS and News Outlets Caught Lying To The Public Again!

After several years of steady investment growth and higher contributions from taxpayers,most of America’s public sector pension plans are still awash in red ink.

(**Authors note: this is a totally contradicting statement! We are highly successful but also a failure. LOL!)

According to a new reportfrom the Pew Charitable Trusts, the states collectively carry more than $1.4 trillion in pension debt—and only four states have at least 90 percent of the assets necessary to meet their long-term obligations to retirees. The Pew paper, which is based on states’ 2016 financial reports, shows that pension debt increased by about $295 billion since the previous year, making 2016 the 15th consecutive year in which state-level pension debt increased.

(**Authors note: Yet according to those CAFR’s this is a completely impossible statement… unless the problem isn’t the massive profits and gains, but that the actuarial reporting and projections are where the whole scam exists. It matters not how much they make, the accountants can always make their projections higher than their profit model. In this way, we will never see any recovery, because even though it has already fully recovered, they can change their actuaries to show the opposite. In other words, you, the taxpayers, can’t win. This is ultimate corruption.)

The really scary part is that pension debt keeps increasing despite the fact that taxpayers’ contributions to state-level pension plans have doubled as a share of state revenue in the past decade. Also worrisome: Pension plans are chasing increasingly risky investments. The gap between returns on safe investments and state pension plan investment assumptions was the highest in decades, the Pew researchers note, leaving pensions more vulnerable to market volatility and raising concerns that another downturn could drive already deeply indebted systems over a cliff.

(**Authors note: Key word: SCARY! But untrue, just the same. Pension debt does not keep increasing, obviously, because these profits reported in the CAFR are after all obligations are paid. There is only actuarial false projections that cannot be met, made completely out of thin air without reference to reality, that causes the appearance of debt 30 years in the future. Today, however, there is absolutely zero debt, or there would be no profits and gains over that which the fund is obligated to pay out as liabilities each year. This is all a big fat lie based on creative accounting tricks — the hiding of current, tangible assets with the projection of future debts that do not exist today and that will not be paid (amortization schedule) for 30 years! Now imagine again if you told the IRS that you cannot pay them today because you will have to pay them way in the future, which counts against your assets today? You’d be put in jail for fraud! To be clear, the system is not indebted, but the opposite, it is the holder of others debt instruments as a profit model.)

Higher contributions from taxpayers and good returns in the market should bring well-structured pension plans back to good health. But only four states—New York, South Dakota, Tennessee, and Wisconsin—have at least 90 percent of the necessary assets to cover their retirement liabilities, Pew says.

(**Authors note: At this point, they are just talking out of their ass, with nothing backing up their statements but the lies they create.)

There are two problems here. One is embedded in the very design of public sector pension plans. The other involves the politicians who are trusted to keep those plans funded properly….

(**Authors note: Finally, something everyone can agree on!)

The systemic problem is that pension plans generally assume unrealistic investment returns…

Of course, every dollar spend on public pensions is a dollar that state’s can’t spend on roads, schools, or anything else…

Removing politicians from the equation is a major benefit of transitioning away from traditional defined benefit pension plans and into 401(k)-style plans where individual workers control their retirement accounts. That also helps get taxpayers off the hook for having to make up the difference when markets or political will falls short of pension plans’ expectations.

But for now, taxpayers will continue to pay more to finance public sector workers’ retirements—and another recession could be a catastrophic blow for all involved.

Link–>https://reason.com/r/1vvc