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Detroit, Fresh Out Of Bankruptcy, Discovers $195M Pension Shortfall

Submitted by Michael Shedlock via MishTalk.com,

On December 10, 2014 the city of Detroit exited bankruptcy.

It was the largest municipal bankruptcy in US history.

The bondholders were totally screwed in favor of the pensioners (not that I generally like bondholders).

Regardless, everything was supposed to be fixed. It wasn’t.

 

Please consider Detroit Picks Firm to Help Fix $195M Pension Shortfall.

Immigrants Dwarf American Households In Welfare: "Obama Seeks $17K For Every Illegal Minor"

Immigrants Dwarf American Households In Welfare: "Obama Seeks $17K For Every Illegal Minor"

Submitted by Mac Slavo via SHTFPlan.com,

Who exactly is the burdensome, broken and disturbingly unsensible welfare system being run for?

A new study found that both illegal and legal immigrants, who typically work low wage jobs, receive more in government assistance each year than struggling American families do.

via the Washington Examiner:

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