Monday, July 19, 2010

NEXT BIGGEST GLOBAL FINANCIAL DEFAULT MEXIFORNIA?

WE ARE MEXICO'S WELFARE, PRISON, BIRTHING, JOBS AND JAILS SYSTEMS. THEN THE LEGALS GET THE BILLS FOR ALL THAT "CHEAP" LABOR!


The market thinks Illinois and California are more likely to default than Portugal, writes Peter Coy: "According to investors in credit default swaps, an insurance-like derivative, as of July 13, Illinois and California are greater credit risks than Portugal. Michigan, New York, and New Jersey are deemed a bit better than Portugal but still chancier than Ireland and Spain, indebted weaklings of the single-currency euro zone."

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Lou Dobbs Tonight
Friday July 25, 2008
California’s budget crisis is escalating. The deficit is so bad that Governor Arnold Schwarzenegger could cut state worker pay to minimum wage. And Rep. Tom Tancredo of Colorado sent a letter today to Schwarzenegger to urge him to look into the millions of dollars spent on illegal aliens in California in light of the massive budget shortfalls. ...............................


Lou Dobbs Tonight
And illegal aliens are increasingly reaping welfare benefits in Los Angeles. They collected $37 million of welfare money and food stamps in November alone. We’ll report tonight on the staggering payouts to illegal aliens across the country.
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Study Shows 25 Percent Of L.A.'s Welfare Goes To Illegal Aliens
Supervisor says county spends more than $1 billion a year on benefits to illegals. According to new data from the Department of Public Social Services, nearly twenty five percent of Los Angeles County Â’s welfare and food stamp benefits goes directly to the children of illegal aliens, at a cost of $36 million a month for a projected annual cost of $432 million. (THESE FIGURES ARE DATED. WELFARE SOARED TO NEARLY $50 MILLION PER MONTH SHORTLY AFTER. WELFARE FOR ILLEGALS IN HARRY REID’S STATE OF NEVADA, WHERE 23% OF THOSE EMPLOYED ARE ILLEGALS, ALSO HAS SOARED)

"The total cost for illegal immigrants to County taxpayers far exceeds $1 billion a year – not including the millions of dollars for education," said Antonovich. "With $220 million for public safety, $400 million for healthcare, and $432 million in welfare allocations, illegal immigration continues to have a devastating impact on Los Angeles County taxpayers."

In March, illegals collected over $19 million in welfare assistance and over $16 million in food stamp allocations.

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