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Cezary Podkul @Cezary
, 3 tweets, 2 min read Read on Twitter
“This generation was left on their own like no other generation before.”

A must-read on America's looming retirement crisis from @hgillers @annetergesen @lesliescism

A Generation of Americans Is Entering Old Age the Least Prepared in Decades
wsj.com/articles/a-gen…
And two related stories on this:

Growth in retiring baby boomers is straining U.S. entitlement programs: The ratio of retiree-aged adults to those of working age is rising, as @janetadamy and @poverberg reported yesterday.

wsj.com/articles/retir…
The solution is either:
a) Americans can have more babies, or
b) Boosting the working ranks with more immigration

But American women are having children at the lowest rate on record:
wsj.com/articles/u-s-b…

That adds another dimension to debate in Washington over immigration
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Important story by @hgillers about a risky strategy that often backfires

Chicago’s New Idea to Fix Its Pension Deficit: Take On More Debt. Proposed $10 billion bond would be biggest pension obligation bond ever issued by a U.S. city wsj.com/articles/chica…
Reminds me of this 2015 @ProPublica piece I did with Allan Sloan the last time cities and states were seriously looking at borrowing to shore up underfunded pensions. Our headline says it all: When Wall Street Offers Free Money, Watch Out
propublica.org/article/when-w…
Here's a big reason why funding ratios often don't improve after cities & states take on more debt: They borrow big and then go short on contributions to pension plans.
projects.propublica.org/graphics/pensi…
Read 3 tweets
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My latest: I've been on the mortgage trail lately, trying to figure out why Fannie Mae and Freddie Mac would buy and securitize loans like these.

Fake tenants, fake income, but real loans? U.S. pursues one of the largest mortgage-fraud probes since 2008
wsj.com/articles/u-s-p…
Loans for apartment buildings where owners allegedly staged units to make them look occupied -- by playing radios inside units or putting doormats outside -- have sparked one of the biggest mortgage fraud probes since the 2008 financial crisis.

wsj.com/articles/u-s-p…
Lax and fraudulent lending on single-family homes before 2008 played a role in inflating and popping the housing bubble a decade ago. As demand for rental housing grows, will lax standards spread to the multifamily housing market?
Read 9 tweets
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Interesting parting thoughts from NY Fed President Bill Dudley -- as of Monday, former NY Fed President -- on bank culture and supervision:

medium.com/new-york-fed/c…
These thoughts from Dudley matter a lot as we reflect on 2008 crisis:

"We expect trustworthy conduct from banks because they are so important to the nation’s economy"

"Culture matters. Change is possible, but difficult. It’s better to pay attention sooner than later."
And offer a good reminder of this @ProPublica @Jake_Bernstein series about why strong supervision matters a lot too:
propublica.org/series/fed-tap…
Read 3 tweets

Related threads

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Left: Punch Nazis!
Right: Punch Journalists!
Left: Yell at Senators
Right: Bomb Democrats
Left: What?
Right: The Jews will not replace us
Left: JFC dude
Flake: Both sides need to calm down
Trump: Civility is important you enemies of the state.
Sarah Sanders: Don't make daddy hit you again, baby.
Right: We'll eat your liver
Left: What the fuck is wrong with you
MSNBC: language please, hippy
Left: What the fuck?
Joe Scarborough: Third Way! Third Way!
Trump: These motherfucking Demoncrats need to be more civil.
Right: We hear you daddy we'll kill your enemies.
Left: We're not your enemies we just think there's a better marginal tax rate and women deserve bodily autonomy
McConnell: Meet Justice Kavanaugh!
Left: Oh god STOP!
Schumer: Be polite to Senators! Another judge, Mitch?
Read 4 tweets
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What is happening to some parts of #America? I mean seriously…

An online conspiracy theory known as “QAnon”, which is pushing dangerous disinformation on internet messaging boards, is gripping #Trump supporters.

These people are worse than clueless.

washingtonpost.com/news/morning-m…
#pt: Read this explainer on the @washingtonpost - it’s truly bizarre.

And people are believing this -- swallowing it hook, line & sinker.
@washingtonpost #QAnon followers think there are Illuminati around the world seeking to assassinate the President & that [for example] a paraglider who died near #Trump’s golf course in #Scotland was in fact an undercover Secret Service officer “shot” with “a heart attack gun.”

No kidding.
Read 4 tweets
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I saw George Takei speak last night about his life and career.
A life that has seen Japanese internment camps, the violence that accompanied the civil rights era, the struggle for LGBT recognition and basic dignities.
And a career that saw him offered roles as humiliating stereotypes and having to keep his most important relationships a secret to protect it.
Read 17 tweets
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1. For All Americans, regardless of Party.

@stephaniegodf12
@realDonaldTrump
@DNC
@GOP
#America
2.
3.
Read 16 tweets
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America today is being governed by the minority because the majority is not consistently and collaboratively speaking up and speaking out. That has to change. Here’s my advice/rant to effect that change…
1/6
#resist #democracy #liberty #truth #justice #America #freedom
For all of us who care about our democracy & who cherish the freedom and liberty of being Americans, now is the time. Raise your voices. Contact your elected representatives at every level. Write letters, call in to radio programs, share on social media. VOTE. 2/6
To the Republicans who are concerned about the decline of our democracy: you must join your colleagues Ana Navarro, Steve Schmidt, & yes, George Will & speak out. Contact your party leaders and let them know this is not okay. Stand up for America and for American principles. 3/6
Read 6 tweets
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#THREAD: WHAT TRUMP'S EXECUTIVE ORDER DOES...AND DOESN'T DO.

Trump begrudgingly "caved" due to the backlash.

But, as it was all about holding the children hostage to get his demands...the order still pressures Congress to act quickly to avert the problems it delays and creates.
1. KEEPS FAMILIES TOGETHER...WITH BIG CAVEATS.

While the DOJ will continue to prosecute ALL adults crossing the border illegally, it keeps families together but only "where appropriate and consistent with law and available resources."

Leaves flexibility.
2. KEEPS FAMILIES W/ DHS.

Parents can stay with their children in detention with DHS, but the catch is only to the "extent permitted by law and subject to the availability of appropriations."

BIG CAVEAT...THE FLORES AGREEMENT PREVENTS CHILDREN FROM BEING DETAINED AFTER 20 DAYS.
Read 13 tweets

Trending hashtags

#USA #MasterNarrative #FlashbackFriday #MedicareForAll #Maps #France #economy #genocide #obstruction #CA10 #repost #Surrender #TaxCuts #ioffc #KeepFamliesTogether #Don #Pravda #Brief #SouthAmericans #facts #representatives #Future #TraitorTrump #ConcentrationCamps #Medicare

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