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BLUE STATE BLUES: There’s No Way Out of This for Democrats

August 10, 2022 By E.J. Smith - Your Survival Guy

New York City Mayor Eric Adams at The Apollo in Harlem on Thursday, February 24, 2022. (Credit: Joanna Graham/Mayoral Photography Office)

When blue states and cities continue to run massive pension deficits—and do nothing to ease the pressure of meeting over aggressive return expectations—you can see the destruction of reverse compounding. And no one wants to do anything about it.

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When the average loss is 8%, it’s bad. And that’s not including private equity numbers, which lag by a quarter and aren’t included in this latest fiscal year. There is no way out of this without either a) higher taxes or b) fewer services.

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Fewer services mean more problems, especially for blue blob cities. Fewer services will be added to the trainwreck that includes diminished police forces retiring en masse, the inflow of illegal immigrants, and a lower tax base. What’s the solution? Bailouts, of course.

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  • BOND BLOWUP? Don’t Lend Your Money to Blue States

You can hear it in NYC Mayor Eric Adams’s voice, complaining about Texas Governor Abbott sending buses full of illegal immigrants to the Big Apple. He wants help. He’s calling for a bailout. That’s what his argument is all about. It has nothing to do with Texas other than providing him a target. He wants a federal bailout just like every other leader of a mismanaged blue blob city.

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Where are the Republicans protecting the Republic other than former President Trump?

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Action Line: The FBI and Justice Department are the epitomai of federal government overreach, picking sides and targeting former President Trump. The door is wide open now for Trump ‘24. The case is his to make for a Red State revolution to stop blue blob city bailouts and recklessness. The argument to make Main Street great again is ripe for Trump ’24. Who else is standing up? Click here to stand up with me.

Originally posted on Your Survival Guy. 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

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E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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E.J. Smith - Your Survival Guy
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