Over the years we pointed out that California localities were all, simultaneously, engaging in Keynesians synchronous action, exactly the opposite of what we were told. All all these towns, except mine, are screwed visibly fucking themselves, with news commentary, identifying the crooks all along, yet they still synchronously screw themselves. Why?
And they all get hit with this monster, the 4% portfolio loss, an immediate demands of at least double the pension contribution this year for many. But we knew the synchronous Keynesian failure, the inability of aggregate synchronous action to work at all, we knew of that failure. We took one look at John and said, this guys is a dunce.
Now what? Just in Keynesian time, just when the Federales need to tax. Gavin and Liz are clueless, I ave never seen two more clueless, except possible Gray Davis.
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