- advertisements -
It's not my fault, bitches!!!!!!!
In that vein, what will America look like if the Federal Reserve holds itself up as is for the next 20 years - no catastrophic events, just slow decline?
Expectations were 44.1M so Bob Piss-on-me says this is bullish.
Food Stamps m'fers.
Guess who makes money and controls SNAP (food stamps)? If you guessed JP Morgan you would be right. So more SNAP = good for JPM.
bringing hope and change to amerika
Blaming Obama for this situation is like blaming the vulture for eating the dead carcass of the antelope that the lion killed. Obama didn't kill the economy. He's just feasting on the remains because that's what he's supposed to do. He's part of the system just like the corporate lion's were.
That leaves 55.4% of America to go (figuring in the one percent as projected looters/winners).
This is music to the ears of our dear leaders in Washington. More people that need the "help" of the Government!
Its pretty sad what they have created here. The bad part is if they are reporting 14% poverty level, what is the actually number 30%? But I'm not shocked by any means, I seen the lost of jobs, and people losing everything they worked for. What is really annoying is Fedx posted double earning but then go ahead and layoffs something like 1700 people. Kinda ridiculous for sure.
They and the rest of corporate america post earnings by cutting costs, not organic revenue growth... expect this trend to continue. Eventually they will have to hack off their own limbs and organs or those of other companies to survive.
What is the current definition of poverty in the U.S.?
$22K and change per family of four.
Not a great month, but poverty?
-mostly income tax free too I should think. That's worth something.
Add in Earned Income Credit (EIC) & Child Credit, I would estimate a federal refund to a family of 4 grossing 22k per year in the neighborhood of $10,000, more if they actually had withholding during the year, but most folks in this bracket claim full exemptions and have no income taxes withheld throughout the year.
Anyone not working for the U.S. Government or Wall Street.
only basic cable, no HBO.
only one working car not newer than 10 years old
only once cell phone contract per household
only Cheez Doodles, jumbo bags Tyson fried chicken, no Carr's table crackers or boneless breast
Shit, that's me sans the cheese doodles and fried chicken. On a side note, it seems everytime I go shopping, and without fail, the person ahead of me is using the Ohio Direction card (i.e.food stamps card). Most of the time they weigh approximately 350 lbs. too.
The cheapest food is often the worst for you... cheapest, not factoring in marginal increases in healthcare/productivity costs of course.
I think I live fairly reasonably for my income. I can't imagine what it would be like to live on $22K with a family of four. No good even if you were living by your self.
Yeah, the poverty level is set really low. It's like talking about "official unemployment" without acknowledging U6 unemployment.
If you make $22,001 to support your family of four, you aren't in poverty.
Yes we can
I've heard Obama's new punshline will be:
YES WE COULD! BUT WE DIDN'T!
Actually its closer to, "Yes we can but Americans don't deserve it!"
Where is FLOTUS? Is she still embarrassed to be an American? Enquiring minds want to know.
It's every AMERICANS RIGHT! To be poor!
THE SYSTEM WORKS!
The only promise obama has kept is to bring us "change we can believe in". well i certainly believe Americans have lost incredible value in their homes, paychecks and portfolios since he has taken office.
Obama can keep his change!
I would encourage you to contact Oliver Sacks at Columbia University.
His email is: firstname.lastname@example.org
Dr. Sacks specializes in bizarre neurological disorders and would probably be able to offer some medical help for your retrograde amnesia - it appears that you have no recollection of US history before January 20, 2009.
Perhaps, if you're weird enough, he'll include you in his next book The Political Party that Mistook their Morals for a Buck - the much anticipated follow-up to The Man who Mistook his Wife for a Hat.
nice try Libtard. Your effort to cover up obama's fuckups will reap no rewards, but if this keeps you from your job at ACORN then by all means, type away!!
When I look in my wallet I see no bills and I've only got a quarter, 2 nickles and a penny in my pocket...I guess he really did bring me change!!
Stupidity is the deliberate cultivation of ignorance.
Nice to see that you've made a career out of being stupidly ignorant. I guess that makes you middle management. Hope you don't burn your fingers taking the fries out of the fryer during your next shift.
Faux News...Huffington Post just called and there are some geriatric tea party members that need bashing. Go get 'em tiger.
No, it is a liberal who knows no history and preaches the same retarded solutions that have failed over and over. This instead of free market solutions that encourage freedom with appropriate safeguards for the truly vulnerable among us.
Maybe we should think about not importing any more and concentrate on providing opportunities for those already here.
but then who would vote obama in for his 2nd term?!?
America is a big tent pitched on the outskirts of an unwitting town that has a sign that reads, "200 lb. man-eating chicken." As the patrons line up to pay $5 for entry, they are amazed at what the see when they walk in the tent. A 200 lb. man with a bucket of KFC and not the gigantic terrorizing chicken they had hoped.
Look at the discrepancies of our immigration, citizenship, and tax/money policies. We open our border to whomever wants to come here, regardless of their status, and they can compete in all sorts of jobs. We grant visas so american companies can get cheap, skilled labor and colleges can have warm bodies in seats. The either send their profits back home (mexico) or pack up shop and go back to their home countries better trained where more opportunity exists.
But, if you're a citizen, the whole charade changes... you cannot get rid of your citizenship... you will be a terrorist who still has to pay taxes to uncle sam for a decade. If you try and move money overseas, it will be watched and scrutinized and potentially taxed/confiscated.
America exists by selling snake oil... we're basically the universe's worst black hole... we slingshot some travelers, but capture the lion's share, the unwary. We perpetuate ourselves on the continued importation of poverty. Eventually, this need requires cannibalization of the locals.
Covered wagon medicine showTake you to the place where the healing flowsWeak in spirit we got the juiceWont save your soul it`ll shine your shoesTreated king to kangarooSanta Fe to TimbuktuDon`t be fooled by imitationThis is the stuff that cured a nationWe took the tube and the high plains tooNever stopped long just passing throughA drop of the laughter of the maids of FranceMakes a hopeless cripple dance
It was really vile weatherWhen we got to tarred and featheredYou could hear the six guns soundAs they chased us out of town
In India we`re all the raveDiscovered that its great as aftershaveDropped in the sea just off JapanSwapped 20 bottles for an aqua-walkmanImmunity from ridiculeImproves your brains if you`re a foolAnd I read in the Middle EastThey traded some for a hostage releaseNow if you`re bald it`ll give you hairIf you got straight trousers it`ll give you flaresFeeling up you`ll get depressedOut of style here`s a brand new dress
The stuff we sell is just the bestPassing all consumer testDays of heaven nights of sinVoodoo stick and sharks finWhen all around you seems like hellJust one sip will make you wellMultipurpose in a jarIf you ain`t ill it`ll fix your carIn days of yore for all bad feelingsWashing socks and stripping ceilingsNowadays its used medicinallyFor all known human malady
Guaranteed don`t you knowMoney back?You`ll get a no!It`s the one and only medicine show
let them die..... and decrease the population surplus
You say that like someone who has a choice in the matter...
Good point. I've noticed that those who believe the human population needs to be reduced never think that they may be on the list. Its always that 'other useless eater' that's causing the problem. Be careful what you wish for.
No shit. I don't think any man has a mad max fantasy that entails him dying from some rudimentary disease, basic infection, or in a brutal beatdown by a mob of hungry citizens soon to die anyway from starvation... or his gun misfiring and getting stabbed in the face... things like that.
Obviously we all hope liquidation doesn't have to happen... all you can do is prepare the best you know and keep your head on a swivel. Best of luck to everyone.
What's this nonsense with "child poverty" rate? Is this inferring there might be rich parents with poor children, or rich children with poor parents? Do some of the impoverished children have drug, alcohol or criminal problems? Homeless?
This is a lame progressive effort to push liberal re-distribution policy. The same bullshit tripe of a few months ago where the chant was, "oh no, school summer vacation is here, where will the children get nutrition?" Nutrition, that's the free/subsidized breakfast, snacks and lunch programs for school kids you pay for.
There is, of course, no real poverty in America, where even the street bums have cell phones and drink frappuccinos, and income thresholds conveniently exclude government payments. It's entirely media- and government-contrived. "Poverty" is defined by those who stand to gain from the definition.
Blame the Politicians, ECONomists and Corporations for NAFTA-izing, Offshore/Outsourcing the real economy while the Fed and Banksters handed out debt shovels and promises of a "financial/consumption economy" with ever rising asset prices for all.
Production of real goods and non-financial services? We don't need no stinkin' production...
And then blame Joe and Jane Sixpack, and the Sheeple Family, for believing it and allowing it to happen.
live and work out of my van. living behind a gas station that is located next to a beautiful southern california beach that has awesome surf. buy a cup of coffee at the gas station and get unlimited refills. don't have any set expenses, so have no need to work everyday. no taxes, no mortgage, no worries. i just wished i had gone broke years ago. viva poverty! viva freedom!
Yup. I did the live in a car thing, back in '82. I wouldn't say it was liberating but you do learn what's important, required and/or just plain nice to have. That said, indoor plumbing is a gift from God so far as I'm concerned! Yes, when you have little to lose life becomes much simpler.
Lived on Fiesta island in San Diego in a tiny RV I drove from AK. I was poor but reasonably happy.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.