Just days after The Economist primed the world with its narrative that sending 1.2 bilion unskilled Africans to Europe would increase global GDP, The EU's executive has unveiled plans to resettle at least 50,000 refugees, focusing on people from northern Africa, to bypass smugglers.
As we noted previously, The Economist's argument is plain idiotic.
Submitted by Lance Roberts of Real Investment Advice
Almost a full year after the election of Donald Trump to the White House, one of the key promises made to voters was the largest “tax cut” since Ronald Reagan was in office. As President Trump stated in Indiana yesterday:
The Centers for Disease Control just released their latest study on sexually transmitted diseases and provided yet another reason why Congress has a lower approval rating than that last paper cut you got that you could have sworn nearly sliced your finger completely off.
Back in January 2017, the University of California system of schools approved their first in-state tuition hike in six years. And while one might hope that the extra millions of dollars raised as a result of those hikes would go toward a better education for students, in reality, a large chuck will go to fund the exorbitant pensions of retired teachers.
We have written frequently over the past couple of weeks about the disastrous public pension funds in Kentucky that are anywhere from $42 - $84 billion underfunded, depending on which discount rate you feel inclined to use. As we've argued before, these pensions, like the ones in Illinois and other states, are so hopelessly underfunded that they haven't a prayer of ever again being made whole.