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rldesmondjr's avatar

Thanks Peter. Happy new year. too much wisdom here. Think the Minnesota fraud might be the turning point we have been waiting for, DOGE 2.0. Money spicket needs to be turned off. Chicago has already run out of OPM and the clock is ticking for local bankruptcies. Pension funds at 20% funded will not survive actuarial scrutiny. Sooner the better.

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David Woods's avatar

I've heard people say: "Once they realize Mamdani's plans do not work, they'll dump him and restore market sanity." Um, no. The sad fact is that people just don't learn from history. As Peter has repeatedly pointed out, there is ample evidence out there that socialism doesn't work but free enterprise does. But few bother to look at the data.

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