You are here

Social Issues

Dallas Pension Showdown: Mayor Seeks To "Target Those Who Got Rich From System"

Submitted by Michael Shedlock via MishTalk.com,

The Dallas Police and Fire Pension plan is severely underfunded. Not even a $1.1 billion taxpayer bailout the plan officials request will make the plan whole.

Discussion of a possible freeze in lump sum payments led to a run on withdrawals. The board still has not suspended lump sum payouts.

On Saturday, Dallas Mayor Mike Rawlings proposed targeting those who got rich from the system. This is sure to accelerate the run on assets via lump sum withdrawals.

Germany Outraged After Afghan Refugee Arrested In Rape, Murder Of 19 Year Old Female Student

Germany Outraged After Afghan Refugee Arrested In Rape, Murder Of 19 Year Old Female Student

After several relatively uneventful months passed in Germany without a major incident involving migrants or refugees, the local migrant debate was again reignited after German Police arrested a 17-year-old Afghan teenage refugee in a high profile sexual assault and murder case that had kept the residents of Freiburg, Germany in suspense for months.The old town is seen from the cathedral tower in Freiburg, Germany

Pages