Carlos Slim says it's 'totally irrational' in remarks on government welfare spending

Mexico News Daily

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Carlos Slim says it's 'totally irrational' in remarks on government welfare spending

Billionaire businessman Carlos Slim believes the Mexican government has its priorities wrong on welfare spending. On Wednesday, he asserted that it is “totally irrational” for the government to be spending so much on pensions for seniors — more than 1.3 trillion pesos last year — when millions of people live in extreme poverty. All Mexican citizens over the age of 65 qualify for the government’s universal senior’s pension program . (Margarito Pé…