EA1- Monday Morning – No Republicans

Also no entertainment at lunch so I get this time to recap events – including for the first time in my memory a disruption (not counting snoring) and ejection.

At the first general session on what we can expect from the new administration an older white male in a red sweater about 15 minutes in, before any of the prime speakers said anything, shouted from the back of the room:

Where are the Republicans on this panel? There are no Republicans.

To which moderator James Holland asked that he be removed – though he walked out on his own.

The session continued with one of the presumed non-Republicans, Andrew Remo of the American Retirement Association, responding:

The Republicans are all downtown making decisions.

Then we got to things that may happen:

  1. Individual tax rates at 12%, 25% and 33%
  2. Corporate tax rates from 35% to 15% with the elimination of most corporate deductions
  3. Regulatory Accountability Act of 2017 threatening Chevron doctrine.
  4. Trump 2-for-1 executive order on regulations as unworkable.

18 responses to this post.

  1. Posted by Anonymous on April 3, 2017 at 6:54 pm

    The 10 Presidents from John Kennedy through Barack Obama issued a total of 2796 Executive Orders for an average of 279.6 per President, varying from a low of 166 (George H. W. Bush) to a high of 381 (Ronald Reagan).

    John Kennedy’s term as President started on Jan 20, 1961 and Barack Obama’s ended on Jan 19, 2017, a span of 56 years or 672 months. Hence, on average all of America’s Presidents from Kennedy through Obama issued an average of 2796/672=4.161 Executive Orders per month.

    From Jan 20, 2017 through March 31, 2017 (a total of 71 days, or 12×71/365=2.334 months) Donald Trump has issued 23 Executive Orders or 23/2.334=9.854 per month ….. or 9.854/4.161=2.368 times the historical average.

    Hopefully Trump’s issuance of Executive Orders will decline over time. He is America’s president, not a dictator (even though he appears to believe otherwise), and America should be governed by Legislative Action, not via Presidential Order.

    Thank goodness the Judiciary isn’t putting up with his dictatorial ways, twice giving him the stiff middle finger when he goes too far.

    Reply

  2. Posted by Anonymous on April 3, 2017 at 8:25 pm

    He’s the epitome of hypocrisy and your historical analogy on executive orders is one great example. The irony of the American voter is his core base will walk off the cliff with him and still blame someone else for the eventual failure. Because even FOX news knows it’s just a matter of time.

    Reply

    • Posted by truesally on April 4, 2017 at 3:50 am

      Fox …? the media owned by globalist Murdoch’s News Corporation who wants open borders .Fox backed Clinton and her corrupt war machine .

      Reply

      • Posted by Anonymous on April 4, 2017 at 11:55 am

        Really FOX news backed a Dem? Seriously! As far as anon versus truesally versus Steve – who knows or cares who is who?

        Reply

  3. Posted by steve on April 4, 2017 at 7:10 am

    just think what the declaration of independence would be worth if all the signatures were “ANONYMOUS”

    Reply

    • Posted by Anonymous on April 4, 2017 at 11:25 am

      Just think of how much better financial shape off ALL of Americas Cities and States would be if Public Sector “Total Compensation” costs were no greater than those of their Private Sector counterparts and fully paid for (via DC, not DB Plans, and HSAs, not retiree heathcare promises) in the year they were earned……. zero unfunded liabilities.

      There is nothing more greedy and self-interested than the combination of Public Sector Union/worker and an Elected Official.

      Reply

      • Posted by Anonymous on April 4, 2017 at 11:55 am

        Yes and the Fed govt should set the example for State and local govts to follow, including the military.

        Reply

        • Posted by Anonymous on April 4, 2017 at 12:34 pm

          You are always looking to shift attention AWAY from the unnecessary, unjust, unfair (to taxpayers) and clearly unaffordable State & Local Public Sector pensions.

          Didn’t you mama every tell you that 2 wrongs don’t make 1 right ?

          Reply

          • Posted by Anonymous on April 4, 2017 at 12:59 pm

            Either does selective criticism TL but we know how the merry go round goes!

          • Posted by Anonymous on April 4, 2017 at 1:49 pm

            It’s not selective criticism, It’s simply pointing out for less-aware readers that ASSUREDLY you (or an immediate family member) are an active or retire Public Sector worker who has been promised one of these grossly excessive Public Sector pensions ………. and that ALL of your comments have one purpose, to direct attention AWAY from NJ’s State and Local pension mess …. in fear that it will JUSTIFIABLY be reduced.

          • Posted by Anonymous on April 4, 2017 at 2:46 pm

            Touche preceicsly my point on the Federal pension (civilian and military) yet you label it as misdirection. It’s a (larger) subset of the entire public DBP conversation. Apparently you and/or yours must be the beneficiary of same.

          • Posted by Anonymous on April 4, 2017 at 3:13 pm

            You’re STILL trying to re-direct the conversation AWAY from the immediate need for very material reductions in NJ’s grossly excessive Public Sector pensions (AND benefits).

          • Posted by Anonymous on April 4, 2017 at 4:10 pm

            And right back at you…..

          • Posted by Anonymous on April 4, 2017 at 5:05 pm

            Sorry buddy, but neither I nor anyone in my family is (or will be) reviving ANY Public Sector pension (other than Social Security), Federal, State, or City.

            You see, my family are PRIVATE Sector workers, the group you an your ilk feel you have a right to financially abuse to provide you with FAR more than comparable Private Sector workers.

          • Posted by Anonymous on April 4, 2017 at 5:48 pm

            Well pal your all hot air so you and yours keep enjoying those Fed P&B! I know because you say it it’s true, sounds awful familiar.

          • Posted by Anonymous on April 4, 2017 at 8:22 pm

            Interesting ….

            Your “response” to someone correctly pointing out that virtually ALL of your comments over many months have one purpose …. shifting the reader away form the focus of this Blog (the pension mess associated with NJ’s State & Local Public Sector workers) ……… is to CONTINUE to do the same.

  4. Posted by anonymous on April 6, 2017 at 8:40 am

    David Godofsky as a bouncer was a kind of awesome experience.

    Reply

  5. […] month at the Enrolled Actuaries meeting the first general session included gossip about what the new president’s plan for tax rates would […]

    Reply

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