When Resources Are Free – LA Spent $1.3 Billion On Illegal Welfare Payments In 2 Years

That is just LA, and just 2 years:

Illegal immigrant families received nearly $1.3 billion in Los Angeles County welfare money during 2015 and 2016, nearly one-?quarter of the amount spent on the county’s entire needy population, according to data obtained by Fox News.

The data was obtained from the county Department of Public Social Services — which is responsible for doling out the benefits — and gives a snapshot of the financial costs associated with sanctuary and related policies.

That is excess money that citizens don’t really need to survive, which is the threshold for r-selection. If it was needed for survival, they would never let it drift out there to provision these invading foreigners.

What is different from what we evolved for is that this is not just an environmental glut. This is a complex mechanism that has been designed to leverage promises of future wealth to get everyone to over-produce and over-spend resources now. It is the ability of our brains to foresee future wealth, and act as if it is wealth now, that is facilitating a rewriting of our psychological code into a more r-selected psychology. Strangely it is our ability to visualize positive future options that is causing our psychology to change in such a way that it now cannot foresee future adverse outcomes.

Spending all of that money, and saddling the state with the debt it requires will make the ultimate economic outcome that much more traumatic, and that is different. In the past, when the glut passed, things went to normal. Now it is as if the glut is pushed farther and farther, while at the same time making the collapse worse and worse. These extremes in fluctuation are new, and we are not adapted to them yet. That is why the collapse will probably entail rabbits diving out tenth-story windows.

Sadly, these illegals are being given the future pensions of all the cops and firefighters who are going to reach their elderly years, and find out the state will not give them the pensions they were promised for their service.

Along those lines, we recently posted an article saying Oregon’s pension system was $24 billion in the hole. It turns out some think the real numbers are worse:

Taxpayer-funded pension systems are combustible by nature, but Oregon’s ticking time bomb known as PERS is on the brink of exploding. Among the impending disaster’s collateral damage, Republicans say, will be public workers and kids if so-called “progressive” Democrats are allowed to dodge the hard work of diffusing the PERS bomb. Under Oregon’s one-party-rule taxpayers are now on the hook for an estimated $52,100,000,000 in taxpayer-held pension debt. Simply put, to avoid getting smacked with an Illinois-like credit rating of near “junk” status, late last Friday the PERS Board adjusted the taxpayer funded-pension system’s (PERS) assumed investment earnings rate, lowering it by three-tenths of one percent, down to 7.2 percent from 7.5.

“Tinkering with the PERS rate won’t solve the long-term problem of solvency. It’s another failed ‘progressive’ strategy like selling off public lands and temporary accounting gimmicks aimed at diverting attention from the need to increase PERS savings directly by capping the final average salary included for PERS benefit calculations and by eliminating ‘pension spiking’ by extending the final average salary calculation to the last five years of public employment,” said Senate Republican Leader Ted Ferrioli, of John Day.

“Currently, public employees, with the collusion of agency directors and managers, are allowed to forego the use of sick days and vacation and are assisted by management in amassing the most overtime possible to ‘puff’ annual gross income, the basis on which PERS benefits are calculated. Unused sick time, overtime and unused vacation time are rolled into the gross, producing an increase in final average salary that gets baked into the retirement formula. It’s another way to cheat the system and ultimately, to cheat taxpayers,” added Ferrioli. “Oregon Democrats need to get their act together, drop the politics, and start governing…”

Per The Oregonian though, “many contend public funds ought to be using what’s known as a risk-free interest rate to value pension liabilities, one that might be in neighborhood of 5 percent today.” Using more appropriate calculations then, PERS’s unfunded actuarial liability would be closer to $50 billion instead of the $22 billion based on current assumptions, meaning with the new rate assumption the unfunded PERS debt could now be $52.1 billion.

I’d love to know how much Oregon has given to illegals in welfare. Regardless, all of this is the short term viewpoint of the r-selected reproductive strategy, sacrificing the future for the present.

All of it will inevitably end badly, and it will all be due to the r-strategy.

Tell everyone about r/K Theory, because the whole thing is coming down, so we might as well set the stage for revenge