A Swedish township is going bankrupt thanks to immigrants:
The Swedish municipality of Bengtsfors has petitioned the national government for aid due to massive costs incurred taking in more migrants than the municipality could afford. Local Moderate Party politician Stig Bertilsson said the multi-page letter was clear in identifying the cause of the budget deficit as being related to the large number of “new Swedes” taken in and requested aid to cover the costs, SVT reports.
“Costs in municipalities that have received new arrivals have continued to be substantial even when government revenues have stopped. This creates a large negative hole in the municipal cash register,” Bertilsson said.
When asked about tax revenues from new migrants that could bridge the deficit gap, Bertilsson said that in the long run he hoped there would be a rise in revenues but so far there has not been one, adding that the Swedish labour market “has a long way to go”.
Haven’t they taken the increase in their GDP into account? Don’t laugh, though, the US is also bankrupt and for exactly the same reason. The only difference is that the US can still convince people to accept its IOUs.