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DACA, North Korea, and Public Pension Crises

DACA, North Korea, and Public Pension Crises

FromPantsuit Politics


DACA, North Korea, and Public Pension Crises

FromPantsuit Politics

ratings:
Length:
53 minutes
Released:
Sep 5, 2017
Format:
Podcast episode

Description

Unfunded pension obligations have risen to $1.9 trillion from $292 billion since 2007. Today we talk about public pension systems, partisanship, and problem-solving. In the Pearls, we discuss reports that President Trump will end the Deferred Action for Childhood Arrivals program ("DACA") and North Korea's hydrogen bomb test. In the Heels, we talk about Sarah's upcoming trip to Washington, D.C. and Beth's life decisions.  We had the honor of talking with Branden Harvey for his inspiring podcast, Sounds Good, while we were in Nashville. Check out our conversation on nuance and empathy. We also hope that you'll consider supporting Pantsuit Politics. We're so close to our goal and can't wait to celebrate with a mini-series on living in a more nuanced way.  Thanks so much to our sponsors for this episode:  Away offers high-quality luggage that is designed to be resilient, resourceful, and essential to the way you travel. Available in nine colors and four sizes – including Carry-On sizes that are compliant with all major US airlines – the Away suitcase is lightweight and unrivaled in strength and impact resistance. For $20 off a suitcase, visit Away and use promo code PANTSUIT during checkout! Lola tampons are made from 100% cotton and BPA free applicators (or you can go applicator-free for an even more environmentally-friendly approach). Because you're the expert on your body, Lola's subscription model is completely flexible and customizable. Founded by women and for women, Lola tampons make your month better. Enter the code Pantsuit at checkout to get 60% off your first order.  ModCloth is your go-to spot for fashion as unique as you. Whip up your wardrobe with quirky prints and classic silhouettes. Make every day extraordinary by going to modcloth.com and entering the code PANTSUIT to receive $30 off your purchase of $100 or more.  The Pearls This weekend, reports surfaced that President Trump will end DACA, which President Obama enacted via executive order in June 2012. DACA provides a renewable period of deferred deportation and eligibility for work visas to individuals who meet certain eligibility requirements, including that they entered the United States prior to their sixteenth birthdays and pose no threat to national security or public safety. DACA funds itself through application fees, and a 2016 study found that it has had a positive employment impact for the eligible population. Nevertheless, the President is reported to be living up to his campaign promise to end DACA in six months. We discuss this decision, particularly given the impact it will have on people already suffering from Hurricane Harvey.  North Korea tested a powerful hydrogen bomb on Sunday--its eighteenth missile test since President Trump took office. Through Secretary Mattis and Ambassador Haley, the administration is talking tough. The President himself tweeted a seemingly empty threat about ending trade with all countries doing business with North Korea.  To compliment the other side, Sarah compliments Senator Ted Cruz and Vice President Pence for their efforts in Texas in the wake of Hurricane Harvey. Beth compliments the Democratic governor of Louisiana, John Bel Edwards. The Suit Kentucky is suffering from a crisis around its public pensions, and our Governor, Matt Bevin, has indicated that he's determined to solve this problem. We talk about the crisis in Kentucky and similar situations across the country. We also briefly discuss the history of public pensions in the United States and the questions raised about the nature of work, retirement, partisanship, and problem-solving. Legislatures quietly borrowing from pensions over time, the 2008 financial crisis, and the failure to adequately contribute annually to pensions have all contributed to massive unfunded liabilities. Solving this problem in Kentucky and elsewhere will require multiple constituencies coming to the table, painful cuts, and new revenue.  The Heels  Sarah is hea
Released:
Sep 5, 2017
Format:
Podcast episode

Titles in the series (100)

For anyone discouraged by our current political discourse, Sarah Stewart Holland and Beth Silvers bring a nuanced and grace-filled perspective to discussions about politics and news.