The demon is a liar. He will lie to confuse us; but he will also mix lies with the truth to attack us. His attack is psychological… and powerful. — WPB, 1971
.@friedberg says "California is functionally bankrupt":
"People don't realize how screwed California is. I worry that if California falls, so does the union."
"We're $250 billion to $1 trillion short."
"If it was the federal government, they would just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits."
"There's a Supreme Court case in California that said once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever."
"And the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it."
"No state has ever declared bankruptcy, and the the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services."
" This isn't about taxes and Billionaire Tax Act. I don't think you can tax your way out of this problem. People will just leave the state."
"California's functional bankruptcy is a major risk to the country and we need to figure out what we can change to fix it."
At the @HillValleyForum 2026
@Twolfrecovery I pay 2k a month for a family of three. My deductible is 6,000 to 12k for out of network. 80/20. But I still pay a shit load of taxes including property, income, sales, car registration fees, etc. Oh and they are increasing my SaaS subscription and gas taxes tomorrow. It's crazy.
Public officials should go through the same rigorous DOJ and FBI background checks, and be bound by the same rules, as the following professions. And the fact that they don't is unconscionable.
Doctor, Nurse, Pharmacist, Dentist, Chiropractor, Certified Nursing Assistant (CNA), Real Estate Agent, Real Estate Broker, Mortgage Loan Originator, Stockbroker, Certified Public Accountant (CPA), Teacher, School Administrator, Daycare Worker, Preschool Staff Member, Youth Sports Coach, Attorney, Notary Public, Private Investigator, Police Officer, Sheriff, Private Security Guard, EMT, Paramedic, Commercial Cannabis Operator go through.
Laughter erupts in the European Parliament after Macron’s MEP Fabienne Keller tries to get conservative MEPs punished for serious breeches of the rules
She says they met on the Parliament’s roof & “drank a lot, a lot” to celebrate passing new laws for deporting illegal migrants
@michaeljburry My wife and daughter went to the Thursday Rush show in LA. They were the only chicks there. Lol. Great show and the new drummer was actually a highlight.