Host joining us from new york city is doug henwood, a contributor to in these times. He is here to discuss his piece in the february issue on the and howpension crisis the cities reliance on wall street is adding to the shortfall. Thank you for joining us today. Guest thanks for having me. Host what spurred you to focus on the Retirement Crisis right now . Guest for one thing, the magazine asked me to look at it. But this is something i have been following a long time. I wrote a book about wall street a little over 20 years ago. I have been following the Financial Markets and the pension crisis for a long time. A lot of people talk about the problems of the Social Security system, which i think are grossly exaggerated. But there are people who do not want to admit problems around the Pension System because People Associated are looking to cut back up with engines or eliminate them. It does no good to deny there is a problem. Pension funds have made assumptions about returns they will g
I have been following the Financial Markets and the pension crisis for a long time. A lot of people talk about the problems of the Social Security system, which i think are grossly exaggerated. But there are people who do not want to admit problems around the Pension System because People Associated are looking to cut back up with engines or eliminate them. It does no good to deny there is a problem. Pension funds have made assumptions about returns they will get which seem unrealistically optimistic to me in an economy that has a longterm Growth Potential of under 3 . You think you will get 7 or 8 returns on 3 Economic Growth forever. I dont know how you do that unless the stock market gets more detached from reality. We have had a few dips and reality the last few weeks that reminds us that it does not always go up. Host explain exactly how the Pension System works. Guest there are basically two weeks to organize the Pension System. One is like Social Security which is the payasyougo
For american progress, and Marc Scribner, a senior fellow at the competitive enterprise institute. They are here to discuss President Trumps newly released infrastructure plan. This is still infrastructure week. Thank you both for joining us. Guest thank you for having us. Host the president says he can create 1. 5 trillion in infrastructure by using just 200 billion in federal money. I want to get an idea about how that can happen, and i will start with you. Guest it is unrealistic, to say the least, that you will get 1. 5 trillion infrastructure activity based on this plan. It is important to look at the plan in the context of his fy 2019 budget. The budget actually cuts more money from federal infrastructure programs than the plan calls for. The existing federal infrastructure programs that have cuts, he wants to cut 280 billion. If we put that next to the plan, and dollar . 40 for every one dollar proposed expenditure, that would create a loss of construction jobs and a reduction i
Vivid the United States in 2014 in person although it appears that by 2016 when the bulk of this activity took place during the election, they were controlling this remotely from heir office in st. Petersburg. It seemed like an effort to cause strife to use social media. But sometimes to organize protest one at the white house, others, in new york city, one outside trump tower. To raise questions about things going on during the campaign and mostly challenge Hillary Clinton the democratic president ial nominee and as you said earlier, o seem to assist donald trump. But there were other signs and they were careful to put these into the zimet that the effort was really aimed at really wreaking havoc on the u. S. Political and causing conflict among americans. And perhaps a primary goal may not have been to simply elect donald trump but to achieve some of these other object i was. One reason that makes it a little complicated apparently after the election in 2016, these individuals allege
Demographic, including women, youth, and independents. Meanwhile, donald trump easily took the republican race. Im going to be the greatest jobs president that god ever created. Remember that. Amy we will go to New Hampshire for response from longtime radio host and former New Hampshire gubernatorial candidate Arnie Arnesen. Then to Tanehisi Coates on the president ial race and reparations. Reparations for slavery. There are ways you can look at the dynamics of reparation and after that, we will have some sort of groundswell in the country that will build of a move. Politicians respond to pressure. I think that is what needs to happen. This is a long, long light. Amy all that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. Senator Bernie Sanders and donald trump soared to commanding victories in the first primary, the New Hampshire primary tuesday, and on the democratic side sanders beat former secretary of state Hillary Clin