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Dallas Stares Down a Texas-Size Threat of Bankruptcy

They're pissing away so much on illegal immigrants anyway.

Billions, while they let the most economically vulnerable communities of legal citizens wilt under the onslaught from south of the border.
 
I just live here for the jobs. When I retire, I'll be long gone. I can hardly stand to look at the blight of a city on a completely view-less landscape any longer. It's Ugly as Hell.

That is how I felt.
 
So you have no rational answer. Didn't think that you would. Thanks.

https://en.wikipedia.org/wiki/Loaded_question

A loaded question or complex question fallacy is a question that contains a controversial or unjustified assumption (e.g., a presumption of guilt).[1]

Aside from being an informal fallacy depending on usage, such questions may be used as a rhetorical tool: the question attempts to limit direct replies to be those that serve the questioner's agenda.[2] The traditional example is the question "Have you stopped beating your wife?" Whether the respondent answers yes or no, they will admit to having a wife and having beaten her at some time in the past. Thus, these facts are presupposed by the question, and in this case an entrapment, because it narrows the respondent to a single answer, and the fallacy of many questions has been committed.[2] The fallacy relies upon context for its effect: the fact that a question presupposes something does not in itself make the question fallacious. Only when some of these presuppositions are not necessarily agreed to by the person who is asked the question does the argument containing them become fallacious.[2] Hence the same question may be loaded in one context, but not in the other. For example, the previous question would not be loaded if it was asked during a trial in which the defendant has already admitted to beating his wife.[2]

I had better things to do than answer your loaded question.
 
Pension funds are big institutional investors, and as such are restricted in what they can invest their funds in, and of course Wall Street is nothing but a giant Ponzi scheme, so naturally they can lose all sorts of other peoples' money with impunity and with little or no consequences for their thievery. Blame the bond rating agencies for grossly over-rating many bonds, in order to keep them acceptable to such institutional investors, along with the watered stock and account churning so wildly popular with brokers and fund managers. It's not all politicians' fault, after all, and trying to squeeze high returns out of an economy that has been effectively stagnant since the late 1970's is going to involve a lot of accounting legerdemain, which is why Reagan's Congresses and most after him were so fond of 'deregulation', loosening GAAP standards and 'free trade'. These are the same swindlers who want to get Social Security 'privatized', and plenty of fools think that will work, too.
 
It wasn't a loaded question. That you're so fearful of answering it just further exposes your utter lack of rational argument.

Why try and reference logic when you know nothing about it? You just end up looking silly.

Well, the issue is that we can't have a program which is supported by 1 group of people, but also largely benefiting a constituency of the poster's preferred party. I always see conservatives on this forum railing against teachers unions, manufacturing unions, and well practically any union except those of cops and firefighters.

I'm guessing cops and firefighters (a largely Republican voting bloc) earn their paychecks even as Donald Trump screams that NYC is a giant criminal mess? I don't know how this defense of cops and firefighter unions is supposed to work for the people who refuse to even discuss them.

My second guess though is that they can't be discussed in the context of this issue because well, they probably... vote in larger numbers for... Republicans. Only Democratic voting groups get discussed when it comes to unions. They're the ones who get called leeches on this forum.

The whole thing is silly. The poster should have just addressed your question which is pretty benign but I'm sure leads to a more complex argument.
 
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The fact is both left wing and right wing ideologies are garbage as economics or moral authorities, and neither 'side' actually ever practices what they preach themselves anyway, which is why you get nothing, outside of a few roads and maybe a few criminal locked up if you're lucky, for all the tax money paid in. There are no grownups in the house any more. Just enjoy the slide into Third World feces hole status and revel in it; no need to get all needlessly excited and all. Its what the people want, obviously, since they vote for it all the time. Your politicians and government really do represent the people, and faithfully so.
 
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Yes, we do. Now. He didn't start this mess, in fact, the GOP wasn't the cause of this mess, but people will try to blame them.

The Pubs have had over 2 DECADES to correct the problem...

They were VERY quick to make the 'tough' choices in the social safety net, education, public services and the like.

one interesting tidbit- a REPUBLICAN was mayor of Dallas during this period... :shock:

Not just any politician, he has a BA, served in Congress (and on the banking committee where he helped with the enhanced secondary mortgage market 'reforms', FHA 'reforms', and tying gubmint insured mortgages to market place rates) BEFORE being the mayor of Dallas. He is given great credit for the money spent on many massive Capital Improvement Programs (5 BILLION)

After politics he became CEO of a financial services corporation (Financial Services Roundtable- 2mil a year salary) and was on Fannie Mae National advisory board.

Soooo while some on the rabid right cast about for ANY angle to blame current problems on ANY Democrat, they should look a bit closer to who actually was the local politician who ran the city under dis-CUSS-ion during the passage of whatever burr is under a Rabid Right ranter's saddle... :peace
 
The Pubs have had over 2 DECADES to correct the problem...

They were VERY quick to make the 'tough' choices in the social safety net, education, public services and the like.

one interesting tidbit- a REPUBLICAN was mayor of Dallas during this period... :shock:

Not just any politician, he has a BA, served in Congress (and on the banking committee where he helped with the enhanced secondary mortgage market 'reforms', FHA 'reforms', and tying gubmint insured mortgages to market place rates) BEFORE being the mayor of Dallas. He is given great credit for the money spent on many massive Capital Improvement Programs (5 BILLION)

After politics he became CEO of a financial services corporation (Financial Services Roundtable- 2mil a year salary) and was on Fannie Mae National advisory board.

Soooo while some on the rabid right cast about for ANY angle to blame current problems on ANY Democrat, they should look a bit closer to who actually was the local politician who ran the city under dis-CUSS-ion during the passage of whatever burr is under a Rabid Right ranter's saddle... :peace

You act as if reversal of pensions and government promised goodies is easily achieved, doubly so when talking about first responders. Quite dishonest you are all being with that tactic.
 
Hehe. I'm heartened to see these states getting what they deserve. And with Trump in the White House, you better believe there won't be any bailouts.

That remains to be seen. Congress critters are famous for using generous servings of pork to get measures preferred by the POTUS to pass. Would Trump really veto funding for the border wall, "job creator" tax cuts, infrastructure "stimulus" or TrumpCare if it contained this pork? Somehow, I suspect not.
 
You act as if reversal of pensions and government promised goodies is easily achieved, doubly so when talking about first responders. Quite dishonest you are all being with that tactic.

allow me to recap your observation

the republicans holding dominant political positions failed to address the nation's problems because they were difficult to tackle
 
allow me to recap your observation

the republicans holding dominant political positions failed to address the nation's problems because they were difficult to tackle

STrawman, the only card you got.
 
You act as if reversal of pensions and government promised goodies is easily achieved, doubly so when talking about first responders. Quite dishonest you are all being with that tactic.

You act as if the Dems are responsible for the pensions and CITY promised goodies. Quite dishonest of you (a REPUBLICAN is)

You act as if the STATE sets CITY LEO pension rates. Quite dishonest of you.

And you are being quite dishonest to claim pensions are not routinely 'adjusted' for government workers... from the amount the CITY will match, the RATE of return and the maturity date.

(They do it to teachers all the time)

Again the politicians were quite quick to cut OTHER government funding- but the rabid right uses 'law and order' to red meat their voters- it IS difficult for the right wing to then be fiscally responsible and adjust the pension system... :peace
 
You act as if the Dems are responsible for the pensions and CITY promised goodies. Quite dishonest of you (a REPUBLICAN is)

You act as if the STATE sets CITY LEO pension rates. Quite dishonest of you.

And you are being quite dishonest to claim pensions are not routinely 'adjusted' for government workers... from the amount the CITY will match, the RATE of return and the maturity date.

(They do it to teachers all the time)

Again the politicians were quite quick to cut OTHER government funding- but the rabid right uses 'law and order' to red meat their voters- it IS difficult for the right wing to then be fiscally responsible and adjust the pension system... :peace

They are. In fact responsible.
 
They are. In fact responsible.

LOL, you seem to be saying- "To hell with your facts Sir, I believe what i want to believe!"... :roll:

The CITY of Dallas was run by a REPUBLICAN banking right wing theorist with a congressional record sponsoring some of the root causes of the banking/housing collapse who developed the pension plan for Dallas LEO. The Dems had little if anything to do with this.

The Republicans have had DECADES to address this situation but refused because they count on 'law and order' rhetoric to keep the party faithful in line.

The Republicans are in fact responsible for the pension plan and any failure to address the growing fiscal problems... :peace
 
Yes, we do. Now. He didn't start this mess, in fact, the GOP wasn't the cause of this mess, but people will try to blame them.

What a lying post full of bull****.

Ann Richards, D 1991~1995
George W Bush R 1995~2000
Rick Perry R 2000~2015
Greg Abbot R 2015~current

There were 21 years of Republican governors who could have done something, but did not.

If you actually read your source data, state lawmakers, not just the Governor were responsible for the changes all those years ago.
“It’s a ridiculous request,” Mr. Rawlings, a Democrat, said in testimony this month to the Texas Pension Review Board, whose seven members are appointed by Texas governors, all Republicans for the last 20 years.

Buck Consultants, the plan’s actuarial firm, warned that those assumptions were shaky, and that the changes did not comply with the rules of the state Pension Review Board.

The Legislature clearly ignored that,” Mr. Kleinman said. The plan’s current actuary, Segal Consulting, reported in July that 23 years of unmet goals had left Dallas with a hidden pension debt of almost $7 billion.

Oh look, it is the legislature mentioned yet again.
The projects called for frequent on-site inspections by the trustees and their plan administrator, Richard Tettamant. The Dallas Morning News reported that officials were spending millions on global investment tours, with stop-offs in places like Zurich and Pisa, Italy. Pension officials argued that their travel was appropriate and their investments were successes.
Oh, look, graft and corruption by those Republican pension officials that adds to the problem.

What a pathetic attempt to twist the truth the OP is.
 
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