Squishy Meatsack
2.9K posts

Squishy Meatsack
@Wayne59NZ
Still Mostly Human. No spare parts, and no user manual.











BREAKING: David @friedberg says "California is functionally bankrupt" "People don't realize how screwed California is, & I worry that if California falls, so does the union. "$250 billion to $1 trillion short." "This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension." "California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it." How we got here: "California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in. $250 billion to $1 trillion short. If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits. There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits. It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California. So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services." Hill & Valley Forum 2026 (@HillValleyForum)








BREAKING: President Trump is set to appoint Mark Zuckerberg, Larry Ellison, and Jensen Huang to a new "technology council," per WSJ. This council could include 24 people, will be co-chaired by David Sacks, and will be focused on AI policy.






As Ramadan comes to a close, I acknowledge all those who have observed this important time of reflection, fasting, and devotion. Eid al-Fitr is an opportunity to come together with family, friends, and community. Eid Mubarak to everyone celebrating.











