The Mike Pence (i.e., Koch Network) desire to privatize Social Security is a disguised welfare program for billionaires.
As soon as the market tanks and the private co's need a bail out, the tax payer's will be on the hook to bail them out and the tax payer's will still be
paying the mgmt fees to the private asset managers.
It will be like the Pension Benefit Guarantee Corp where tax payer's bail out pensions from bust private companies taken over in Private Equity deals that run the co through a bankruptcy to discharge debt & pension obligations.
Mike Lee: "Congress has long used Social Security as a slush fund: Congress steals from it, raids it, and otherwise ruins it. Congress's long history of poor stewardship confirms the prescience of the Constitution," Lee said in the statement.
"We should not trust the federal government with sweeping power over people's livelihoods. That's the point I made in 2010 while also acknowledging that we have to honor the commitments made to those who have paid into the system for decades and have relied on the associated
benefits."
Mike's attempted cleanup.
Whatever privately controlled entity Mike and his billionaire friends have in mind for "managing assets" will use those assets as a slush fund - it's called charging a management fee.
When the private market imposes lock-up's, you can't
Pretty funny that on a day when Republicans are trying hard to stay on message with their State of the Union, SOTU, talking points trashing Biden, the leader of their party (GOP) is busy posting slanderous pics of Ron DeSantis, portrayed as a pedophile, drinking and partying
with young girls that were his students when he was a teacher.
Reminds of that time when Roger Stone was taunting Ron DeSantis with his alleged knowledge of an affair with Emerald Robinson of Explore Talent who was rewarded with a short gig at OAN (propaganda network) and
another job reward with Mike Lindell.
Sound like how Cassidy Hutchinson described being offered jobs that would overpay if she kept quiet?
Donald is watching Somebody Get Me Roger Stone on movie night.
Regular person asks, how can Trump fund covert ops?
Imagine CIA creates a fictional person, say a businessman from Kazakhstan or Miami, giving this fictional guy a backstory, driver license, etc.
Then CIA has one of its agents or an asset it has “hired” to take on the
fictional character’s identity.
Now this guy using the fictional identity goes to Trump with $100 million in cash (or offshore money in another currency) and says, I’m businessman John from Miami and I’d like to purchase a condo and three apartments within Trump Tower and one
of the Brooklyn buildings.
Trump, known to take cash from anyone, and not ask questions, eagerly sales the man $100M of real estate.
Then the real estate can be rented for steady cash flow and later sold to get back out $100M plus a profit (or loss).
Kevin McCarthy had admitted heading into voting for Speaker that he knows more than 5 House Republicans will vote against him as Speaker on the first ballot.
The last time this happened was 100 years ago in 1923, when
House Republicans took 9 ballots to elect a Speaker, electing Frederick Gillett.
Trump’s MAGA circus is loose on the House floor.
Expect drama and GOP in-fighting.
Foreign Intel Asset Paul Gosar nominates foreign intel asset Andy Biggs for House Speaker.
This is Mike Flynn’s infiltration fruits from his operations in Arizona.
Marjorie Taylor Greene was going off on Matt Gaetz, Scott Perry, fellow House Freedom Caucus (HFC) (GOP Criminal Enterprise with an assist from adversarial foreign Intel Services, co-founded
Although Robert Mueller issued his subpoenas to Deutsche Bank secretly, word somehow leaked to the Trump White House and when the White House asked Mueller’s team what they were examining, Mueller responded that Manafort, not Trump, was the target.
“At that point, any financial investigation of Trump was put on hold,” writes Andrew Weissmann.
“That is, we backed down — the issue was simply too incendiary; the risk, too severe.”
We still lack a complete understanding of what incentives Trump had for persistently kowtowing
to Russian President Vladimir Putin.
“We still do not know if there are other financial ties between the president and either the Russian government or Russian oligarchs,” Weissmann writes in his book.