Meanwhile, America's Other "Cliff" Remains Untouched

Tyler Durden's picture




 

...That would be the far more important cliff to America's middle class, the "Welfare Cliff" as a result of which the country's workers, especially those that fall in Obama's middle class sweet spot -  those tens of millions earning between $30,000 and $70,000, are perfectly agnostic if they make $29,000 or $69,000 as their net income and benefits amount to one and the same. Because being "aspirational and upwardly mobile" is so 1999, especially in a nation where it is more important to drag down the rich, than to become them. But hey - just toss this one too in the bin of perverted statist disincentives, along with all those other unintended consequences of central planning and a governmental power grab, not the least of which is the misallocation of trillions to satisfy immediate shareholder demands such as dividends and buybacks in a ZIRP world, instead of actually reinvesting in capital, growth, and hiring of workers: those things that capitalism, at least on paper, used to be all about.

Source: Pennsylvania Department of Public Welfare

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Tue, 01/01/2013 - 14:31 | 3112410 I am Jobe
I am Jobe's picture

Yeah Single Moms should be proud of themselves, at least the future generation can take up prostituiton.

Forward  

Tue, 01/01/2013 - 14:41 | 3112428 SheepDog-One
SheepDog-One's picture

Single moms give over a lot of the check to baby-daddy or they get to taste the pimphand.

Tue, 01/01/2013 - 18:49 | 3113037 boogerbently
boogerbently's picture

But, But, But,

We pay for planned parenthood, why should we pay for Planned Parenthood dropouts, too?

A full time job at federal minimum wage is $15,080. Therefore the MAX anyone should be able to collect from the Welfare system needs to be LESS than that. Otherwise we are REWARDING (disincentivizing) productivity. And it is EXPONENTIAL.

Make all govt. payments "direct deposit" ONLY. And make permission to check all accts of recipients a mandatory requirement.

 

Tue, 01/01/2013 - 15:15 | 3112501 Anusocracy
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You have to sustain the Idiocracy somehow.

Tue, 01/01/2013 - 15:23 | 3112522 Bad Attitude
Bad Attitude's picture

I thought single moms were not smart enough to charge for it, They just gave it away.

Tue, 01/01/2013 - 15:24 | 3112526 Northern Lights
Northern Lights's picture

You don't know how right you are on that one.  Messing around with a 20-ish daughter of one of these single moms is great.  Very low self-esteem, low maintenance.  Tell her she's "pretty" and you'd like to do something "nice" for her like taking her out to McDonalds for a happy meal.  These messed up broads eat this stuff up and are VERY thankful.

Tue, 01/01/2013 - 20:49 | 3113277 smiler03
smiler03's picture

You're a twat. It is clear that the only way you will ever have sex is by using somebody in poverty. You seem to be proud of being a desperate "pay-for-it" desperado who is somebody who will only ever "get it" beause you're an ugly undesirable fuckwit.

 

Of course, if you "knock her up" then you will be honourable and pay for the upbringing of the child for 18 years at least. Won't you?

Seriously, you should stick to masturbation. You're a hypocritical asshole. HIV/Hep C is your destiny.

Tue, 01/01/2013 - 20:06 | 3113202 monkeyshine
monkeyshine's picture

"Single Mom" is so 1992.  Now they are "baby mammas". 

Tue, 01/01/2013 - 20:11 | 3113217 ball-and-chain
ball-and-chain's picture

Why demonize the poor?

They didn't crash the banking system.

They didn't lead us into illegal wars.

This crisis has nothing to do with food stamps.

This is all about the wealthy who made bed bets.

Now they don't want to pay up.

http://www.angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-made-beef-and-egg.html

Tue, 01/01/2013 - 14:34 | 3112419 Atomizer
Atomizer's picture

Review table C1 thru C8.

SDDS/QEDS Cross-Country Tables

Tue, 01/01/2013 - 14:34 | 3112420 unrulian
unrulian's picture

Other?? theres so many cliffs i can't decide off which to jump

Tue, 01/01/2013 - 14:58 | 3112471 Motorhead
Motorhead's picture

Don't do it, man, don't do it!

Tue, 01/01/2013 - 14:36 | 3112425 nmewn
nmewn's picture

Everbudy up in here got ObamaoFawn!

Tue, 01/01/2013 - 16:12 | 3112642 Tijuana Donkey Show
Tijuana Donkey Show's picture

It's even worse than it sounds. The "Obama phones" were around since Bush II, but..... Carlos Slim (Of international moneywhoring fame) really pushed access into overdrive with Trac(your ass everywhere)phone. The real insult? It's not paid by CONgress, but by the Universal Access Fee on your phone and Internet bill. I know because my company sells to schools, which get a subsidy for our product based on kids on school lunch. Extra credit, which two Fortune 500 companies are milking the hell out of schools and this program? http://www.propublica.org/article/att-feds-ignore-low-price-mandate-designed-to-help-schools (Verizon is doing the same thing too...) And for the drum roll, who pays less than 8% in Federal taxes? http://www.savetheinternet.com/blog/11/11/18/att-verizon-and-other-telecom-tax-dodgers  The saddest part is that the kids eligible for federal lunch is increasing by 8-10% a year, which really shows you what's up with the "e-CON-omy. Obamaphones and circuses bitchez!

Get your own Obama phone!!

http://www.lifelinesupport.org/ls/eligibility/default.aspx

http://www.tracfone.com/texaslifeline/index.jsp

Tue, 01/01/2013 - 14:35 | 3112426 Boilermaker
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Yes, but that brings up an important question.

Do poor people really count?

Tue, 01/01/2013 - 14:39 | 3112429 JPM Hater001
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The big question: If you show the poor people the math in the forest alone will they still make a sound?

Tue, 01/01/2013 - 14:47 | 3112444 Boilermaker
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I'm not sure.

If you just keep insisting that they go 'get jobs' that don't exist...will the jobs appear?  You know, kinda like Field of Dreams style shit?

Tue, 01/01/2013 - 14:57 | 3112469 Dr Benway
Dr Benway's picture

Even though the rich has stolen their money, through cronycapitalism and cleptocracy and financialization, to the point where but a few hundred people hold most of US wealth, they should be allowed to keep their illgotten loot, because anything else would be 'statist'.

Tue, 01/01/2013 - 15:18 | 3112507 Oquities
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there are various styles of statism, ranging from minarchist to totalitarian.  you are referencing a fascist/corporatist state.   

i see in our current system strains of fascism, welfare state, oligarchic cronyism, and global extra-governmental governance.  not a free and independent republic.

Tue, 01/01/2013 - 15:20 | 3112510 Anusocracy
Anusocracy's picture

All the dipshits that voted for government are responsible for whoever does the stealing.

Look in a mirror.

Tue, 01/01/2013 - 16:16 | 3112671 Tijuana Donkey Show
Tijuana Donkey Show's picture

What if I didn't vote? The illusion of choice is no choice at all. If voting mattered, they wouldn't let us plebs do it.

Tue, 01/01/2013 - 18:53 | 3113048 boogerbently
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Because they can't find, won't take, don't qualify for, jobs, it's somehow MY responsibility to support them?

Tue, 01/01/2013 - 22:17 | 3113619 escargot
escargot's picture

Why do people constantly yammer about "why am I paying for those lazy bums!" and "my tax dollars support those welfare people!" and yet I almost never hear anyone screaming "why do my tax dollars go to bankers!"

Learn who your real enemy is, please.

Tue, 01/01/2013 - 22:22 | 3113630 akak
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The gastropod speaks the truth.

Wed, 01/02/2013 - 05:34 | 3114289 boogerbently
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Is it more likely to get the govt. to cut the (banker) hand that feeds them, or cut the govt. handout?

Tue, 01/01/2013 - 15:03 | 3112479 bullet
bullet's picture

yes they do... they get three votes each...

Tue, 01/01/2013 - 15:52 | 3112611 Boilermaker
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Unfortunately, it's not the voters that elect politicians.  It's the people that COUNT the votes that decide.

Tue, 01/01/2013 - 16:16 | 3112673 Tijuana Donkey Show
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It's the people who control the machines that count the votes that decide. Fixed that for you.

Tue, 01/01/2013 - 14:36 | 3112427 billwilson
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What about the defense cliff????? Aka the MIC cliff (military industrial complex).

The US spends 1/2 of all planetary defense expenditures .... but has to borrow the entire amount. Can any one else say UNFUCKINGAFFORDABLE.

Only after the MIC is cut down to size can we begin to make any progress on the other major issues. Throwing money out the window is not an economically effcient way to run an economy.

..... and yeah the rich have to pay more ... a lot more .... heck many of the rich even agree.

Tue, 01/01/2013 - 15:21 | 3112513 OldE_Ant
OldE_Ant's picture

It was something I always found interesting everyone whining about SS, Medicare, and noone talking about MIC money.   The sheer amount the US spends to have the military to police the world w/o any compensation seemed stupid 20 years ago.  Its stupid today.  Let the world police itself, AND pay for it the US can take care of itself.   The US continues to subsidize unsustainable practices which in itself is unsustainable (as can be seen by the deficits the US is running).  We also keep screwing around with costly 'wars' that do nothing for us.   War on drugs, terror, crime, etc.  Every czar they appiont sends a message of FAILURE to intelligent people.

We could have taken 1/2 of the military budget 20 years ago and started a US energy independance project (combined solar, nuclear, NG, conservation (i.e efficiency improvements, grid upgrades etc.) akin to the man on the moon or manhattan projects) and been 1/2 of the way to complete independance by now AND created a hell of a lot of good sustainable US based jobs.

The US is lazy, stupid, and now entirely corrupt top to bottom.   In time the rest of the world will say f' them and the US will have done absolutely nothing to move towards a sustainable economy or to eliminate corruption.   The good that comes out of this mess is more people moving towards more sustainable modes of living.   In time inflation will force people to do more with less forcing sustainable change.  The bad is the corruption will be so intense it may just create a new fascist state that seeks to create its own new world order using that massive computer based military to enslave or kill anyone who doesn't serve.

Each of us has a choice everyday - reduce, reuse, change, leave the existing systems.  Each person not paying Federal/state taxes or sucking on the public tit and living sustainably is one more person that isn't a slave.

Unfortunately too many people depend on the system and can't or won't 'unplug'.

End of Line

Tue, 01/01/2013 - 18:56 | 3113059 boogerbently
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It's the exponential superiority of our MIC that allows the printing presses to run 24/7.

Tue, 01/01/2013 - 17:02 | 3112786 Mr Pink
Mr Pink's picture

The MIC is most likely turning a big profit. I wonder where it could be going.....hmmm

Tue, 01/01/2013 - 18:09 | 3112932 GCT
GCT's picture

Alot of you are very smart but cannot see the forest for the trees.  The MIC keeps the USA as the worlds reserve currency as we are the 800lb gorilla in the room and promised protection for the world to keep this status.  I do not like it and wish we would leave all foreign countries but it will not happen.

This is all about control and resources many of you state here day after day.  To do this you need to have a strong military.  For politicians to push other countries around and even its own populice the MIC is essential to them.  I actually even hate to type this shit.

Tue, 01/01/2013 - 14:38 | 3112430 roadhazard
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The rich can go ahead and leave the country for all I care. Oh wait, they already have there money offshore. They only remain around for all the tax loopholes, subsidies and pork.

Tue, 01/01/2013 - 15:22 | 3112518 toady
toady's picture

They won't go for precisely those reasons. The subsidies & pork keep the yacht & G4 fueled up and the lobster & prime rib on the table WITHOUT touching the principle.

This line of thinking is overridden by the working poor tearing each other down. They would rather tear down private v public employment & keeping up with the Joneses than give a hoot about the rich and their wholesale looting of the treasury.

Tue, 01/01/2013 - 14:38 | 3112431 SheepDog-One
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FOR(BACK)WARD!

Tue, 01/01/2013 - 14:38 | 3112433 FubarNation
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I was just asked last week by an employee to take off a Health Care supplement that I add on to each employees paycheck.  I guess this is why.

Who are we kidding?  Most of America wants Money for nuthin' and their chicks for free.

I'm sad to say but I wish the SHTF already so we can get this over with and start anew. 

The suspense is getting fucking annoying and to be quite honest I'm tired of having to buy Silver an Gold every year now since 1999.

I wish the country would get its collective shit together.

 

New Years Rant over. 

 

Tue, 01/01/2013 - 14:41 | 3112437 primob
primob's picture

Tyler, haven't you come to grips yet that our citizenry is "progressive?" They have progressed to the point where they prefer to be disincentivized because it is easier. I mean, "Smoke a bowl and chill, dude." This will be  our national battlecry by 2025.

Tue, 01/01/2013 - 14:42 | 3112438 Sparkey
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This site is Changing! Hysterical attacks upon single Moms, as if the single moms set up the system for their benefit, a lot of people benefit who wouldn't if there where no single Moms!

Tue, 01/01/2013 - 14:49 | 3112448 Dr Benway
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ZH is very good at documenting how the vast majority of the wealth of the rich is stolen money... and very good at argumenting why these thiefs should still get to keep all the stolen money.

Schizophrenia, much?

Tue, 01/01/2013 - 15:13 | 3112494 Ballin D
Ballin D's picture

Get a grip. Its not a personal attack nor a hysterical attack. The only hysterical attack here is yours on ZH.

"...as if the single moms set up the system for their benefit"

The author is attacking a broken system for being broken. An individual single mom is totally insignificant to the big picture being shown here.

Tue, 01/01/2013 - 16:08 | 3112641 FubarNation
FubarNation's picture

Except that we are becoming a nation of single Moms.  When then breed more single moms.  Rince, Repeat.

Tue, 01/01/2013 - 16:26 | 3112700 Tijuana Donkey Show
Tijuana Donkey Show's picture

Krugman would say this helps the economy. We send off the males to fight, and breed the rest. Like cattle, but with Facebook pages.

Tue, 01/01/2013 - 17:30 | 3112837 Sparkey
Sparkey's picture

No mention of `Personal` Attack, the article is disengenous though, the only way you could attach $67,000.00 in benefits to a welfare Mom is by dividing the cost of the program by the number of single moms, this is deceptive and hides the share going to the Administrators! Quite possibly/probably the Lion's share.

Tue, 01/01/2013 - 22:35 | 3113670 escargot
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It's utterly astonishing how quickly people jump to attack the victims of this system rather than the perpetrators.  Yeah, those poor people got a good racket going.  I'm sure they're all giggling about how they've gamed the system and outsmarted all those well-to-do folks who 'support' them.

Bankers are the biggest welfare queens on the planet, but it's easier (and more racially satisfying) to direct anger towards those you perceive to be beneath you.  Most of the people who constantly blather things like "why do my tax dollars support that!" don't want to admit that they're ultimately part of the same social strata as "the poor".  There's the elite, and there are the rest of us.  Get it through your heads.

Tue, 01/01/2013 - 14:42 | 3112439 sangell
sangell's picture

We get something for a military spending. Military power. Can be very useful even lifesaving at times.

What do we get for welfare spending except more criminals and parasites.

Tue, 01/01/2013 - 15:28 | 3112543 Anusocracy
Anusocracy's picture

Let me fix that for you: What do we get from government except more criminals and parasites.

Tue, 01/01/2013 - 15:34 | 3112559 cossack55
cossack55's picture

Solid fix there, Anu.

Tue, 01/01/2013 - 14:43 | 3112440 tooriskytoinvest
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The Final Phase Of The 2008 Crash Dead Ahead: Our Denial Of The Inevitable Is Creating The Inevitable. America Is Obsessed With Cheap Money, Bull Markets, Profits, Consumerism, Fiscal Cliffs. Washington Is Setting Up A New Crash And You’re Not “Going To Get Early Warning Signal When New Bank Meltdown Hits

http://investmentwatchblog.com/the-final-phase-of-the-2008-crash-dead-ah...

Tue, 01/01/2013 - 14:49 | 3112451 waterhorse
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Another article brought to us by AEI.

Do NOT follow this link or you will be banned from the site!