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Japan To Slash Welfare Benefits In Attempt To Root Out "Comfortably Poor"

Tyler Durden's picture





 

Two months ago we demonstrated one of the biggest paradoxes of the current iteration of the US welfare state, in which a single mom earning gross income of $29,000 has the same disposable income after all net benefits as a worker who has gross income of $69,000. The same logic is applicable to all those who instead of working, opt to receive foodstamps, disability payments, and the occasional Obama phone, all the while dropping out of the labor force and making the BLS' job of indicating a dropping unemployment rate a little easier. And while the US is fully intent on converting an ever rising portion of the population into these "comfortably poor" zombies who no longer have any marketable skills, and are completely unqualified to be competitive in an increasingly more specialized workforce, one place where such welfare handouts will no longer be tolerated is Japan, of all places.

As Japan Times reports, "welfare benefits will be slashed by ¥74 billion over a three-year period starting from fiscal 2013, after a government panel found that some people are making more on the dole than the average low-income person who is not spends on living costs, it was learned Sunday." We await with eager amusement as this attempt to impose austerity on the comfortably poor takes place in the US next. Considering there was nearly a revolution in California a few weeks back when EBT cards malfunctioned for a few brief hours, the outcome of a comparable belt-tightening in the US would have truly hilarious, not to mention lethal, consequences.

More:

The decision to lower standard benefit payments by 6.5 percent was made by welfare minister Norihisa Tamura and Finance Minister Taro Aso. The reduction will hit in August.

 

Since the standard benefit payment provides the basis for determining other levels of public assistance, such as subsidies for school expenses, reducing it may also affect low-income earners even if they are not on welfare.

 

Tamura said after the meeting that he will implement the measures so the decision does not adversely affect such earners.

 

The actual amount doled out per household will be slashed by a maximum of 10 percent from the current level, which is based on age, number of family members and area of residence.

 

Welfare recipients hit a record high of 2.14 million in October 2012 and the state budget for benefits, including medical assistance, stood at around ¥2.8 trillion for fiscal 2012 ending in March.

 

Later Sunday, the government and ruling parties approved the fiscal 2013 budget proposal, with expenditures in the general account budget totaling ¥92.61 trillion. The Cabinet will sign off on the budget on Tuesday and send it to the Diet.

 

At the approval meeting, Prime Minister Shinzo Abe called for the swift enactment of the budget because it “will enable us to implement economic measures in a seamless manner and tackle major challenges, such as reconstruction (from the 2011 quake and tsunami) and disaster prevention.”

And since this is the same Japan, and that is the same Taro Aso, who a week ago modestly proposed to Japan's elderly to hurry up and die already, we can now see just what form this forced de-welfaring, and de-elderization, will take. Then again, Japan is lucky in that its underfunded welfare obligations are some 2-3 turns of GDP lower than those in the US. Because heaven forbid one day none other than the US has to follow suit.

That would be the day the status quo music finally died.

 


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Mon, 01/28/2013 - 11:18 | Link to Comment fonzannoon
fonzannoon's picture

Has anyone told the Japanese guy in the caption this?

Mon, 01/28/2013 - 11:22 | Link to Comment eclectic syncretist
eclectic syncretist's picture

I'd drop him a couple hundred yen to turn around and piss in the bank there.

Mon, 01/28/2013 - 11:32 | Link to Comment trav777
trav777's picture

dat bee rayciss yo

Mon, 01/28/2013 - 12:50 | Link to Comment Stackers
Stackers's picture

I thought the whole point of socialism was to make the poor comfortable ????

Mon, 01/28/2013 - 13:13 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Is this the same country that shot itself in the foot with QE and then shot itself in the head with Fukushima?  Killing off the old and starving the poor is going to fix this?

LOL.  If they weren't so insane, it might be funnier.

Mon, 01/28/2013 - 14:15 | Link to Comment AldousHuxley
AldousHuxley's picture

Meanwhile, US rolls out red carpet for illegal aliens to become citizens.....

 

 

 

 

Mon, 01/28/2013 - 14:26 | Link to Comment James_Cole
James_Cole's picture

So let me get this straight... Japan just announced a 11.5TN yen stimulus and are simultaneously slashing welfare benefits? Sounds like a familiar story. 

Mon, 01/28/2013 - 14:41 | Link to Comment Pure Evil
Pure Evil's picture

The whole point of socialism to provide the state with a seemingly never-ending stream of income that they can then redistribute as they see fit.

The state is not at all concerned with the poor, but try to cut off its income stream and watch what happens.

Mon, 01/28/2013 - 18:55 | Link to Comment flattrader
flattrader's picture

>>>Is this the same country that shot itself in the foot with QE and then shot itself in the head with Fukushima?  Killing off the old and starving the poor is going to fix this?<<<

JapGov will have many deaths soon.  The problem is that radiation doesn't discriminate between the old and or those recieving benefits and the young, healthy working aged population.

People are now dropping dead from acute lukemia.  Largely unrreported.

6-8 among some of the law enforcement that guarded roads to the plant.

8-12 people in a nearby town.

Soon, the nunbers may be hard to ignore.

Mon, 01/28/2013 - 19:36 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Given what has been ignored so far, I'm not sure.

Note to self: don't expect the media to protect me from state-crime.

Mon, 01/28/2013 - 14:59 | Link to Comment Banjo
Banjo's picture

@Stackers

Unfortunately your understanding of "socialism" is faith based not thought based. My guess is the amount of time you have actually spent thinking about various isims and the economy is minimal. Therefore you should remove the word thought and replace it with believe or start the sentence with "my understanding is"

Your belief system has been set and this is what you are sharing with us. It also explains why you have used such minimal dialog in explaining your position because it is faith based you know or assume that it will be accepted as fact by the majority.

Thank you for your insight and further proof of the non critical thinking masses.

Mon, 01/28/2013 - 13:05 | Link to Comment Mr Pink
Mr Pink's picture

They can get away with cutting welfare in Japan but they try that here and Whitey's gonna be dodging bullets

Mon, 01/28/2013 - 17:11 | Link to Comment asteroids
asteroids's picture

Right you are. How many of those 50million food stamp holder own guns eh? Imagine what would happen if that was cut off and they started to go hungry. In Greece/Spain/Portugal etc... those folks commit suicide. In the USA I bet a fair number would rather prefer to go hunting bankers and politicians....

Mon, 01/28/2013 - 18:14 | Link to Comment Umh
Umh's picture

The "poor" won't be aiming that high. They will be shooting for the workers that they see just above them. Yes; that's sad, but I think it's what would happen. They aren't going to shoot their idols.

Tue, 01/29/2013 - 02:28 | Link to Comment MSimon
MSimon's picture

Let me get this straight. Trillions for bankers but not one red cent for the poor/elderly?

Mon, 01/28/2013 - 11:27 | Link to Comment TotalCarp
TotalCarp's picture

You just wait, this is comming to an amerikan town near you in i'd guess 5 years max. Why do you think they are trying to get you AR15s? Grandma, lock and fking load!

Mon, 01/28/2013 - 11:33 | Link to Comment fonzannoon
fonzannoon's picture

I don't know totalcarp. Why not keep the benefits for everyone. Wait till the currency crisis and blame a bunch of brown people in some far off land for hating us for our freedom and that is why a loaf of bread costs $20?

Mon, 01/28/2013 - 11:41 | Link to Comment TotalCarp
TotalCarp's picture

You may very well be right my friend. I do think that japan is worth watching very closely, i think they will serve as a creeping default guinea pigs for the western nations. Which is exactly why i think this is quite significant news.

Even look at the language of this. "comfortably poor"? Fk you bernanke, fk you geitner, fk you abe u fking homicidal maniac. Its so orwell its not even funny anymore.

Mon, 01/28/2013 - 11:52 | Link to Comment fonzannoon
fonzannoon's picture

The day our next President ClintonBidenBloombergCuomo says the words comfortably poor I will sell all the gold that I lost a while back.

Mon, 01/28/2013 - 11:58 | Link to Comment TotalCarp
TotalCarp's picture

Be careful with that, 10 years ago you wouldnt have believed a prez would have said "you didnt built that" to every small businessman in this land and still win the elections 2 months later!

Read up on the concept of overton window if you have time.. What one deems socially acceptable can be moved quite far in just a few short years. Especially with msm in full helpful swing.

Mon, 01/28/2013 - 12:01 | Link to Comment fonzannoon
fonzannoon's picture

Will absolutely check it out, thanks.

Mon, 01/28/2013 - 12:37 | Link to Comment Montezuma
Montezuma's picture

Oh my Tlaloc...  Less Fox news and medicine adjustments for you.

Go back to basement, shine your guns and take your partisan shit with you and come back up when you understand better how the world works. People like you are the problem, you eat up bullshit Fox "news" tells you and you believe it because you want to believe it. Terrorists will blow up the nearest Wallmart right? Or are you one of the tin hat, inside job, lizard people, suicide pills?

Politicians are play toys as we move towards modern serfdom.

But if you are so into "politics" Ill leave you with one brain tease, which Democratic president has been more rightwing&conservative than Obama?  No matter what talking heads say, actions matter. Please tell me you dont actually believe political speeches?

He is socially liberal (as should every normal people who believe in personal freedom), but otherwise he is typical center right republican also called establishment (now days) just look at the actions and appointments.

 

 

 

 

Mon, 01/28/2013 - 17:01 | Link to Comment RKDS
RKDS's picture

Christ, people are still on that?  I know it's difficult, but try listening to the _entire_ sentence or paragraph and not just the tiny portion that lets you feel like a victim.  Oh boo hoo, I take all of these things for granted and mean old government sets rules in exchange for them, boo hoo hoo!

Mon, 01/28/2013 - 13:21 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

Kinda wondering what happens if Japanese people finally have enough.  Their tolerance for being fucked with is amazing.

Mon, 01/28/2013 - 16:24 | Link to Comment Vlad Tepid
Vlad Tepid's picture

What do you mean?  It looks like they have had enough.  They're finally unloading their welfare queens from the gravy train...when will the American people have had enough?  they seem to have a higher threshold for shenanigans and outright thievery in high and low places...

Mon, 01/28/2013 - 18:41 | Link to Comment Umh
Umh's picture

Having an homgenous population does make a difference.

Mon, 01/28/2013 - 11:47 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

You could pay $20 for a loaf of bread, or you could learn how to make bread.

 

http://www.youtube.com/watch?v=zOa-U6uFHoU

Mon, 01/28/2013 - 13:39 | Link to Comment Uber Vandal
Uber Vandal's picture

If bread is $20, and that may be on the "cheap" due to scale of economy and substandard ingredients such as saw dust if you are lucky, what would your own cost to produce a loaf of bread be when the cost of energy is factored in, or the ingredients are simply not available?

 

Mon, 01/28/2013 - 11:37 | Link to Comment Gazooks
Gazooks's picture

Are you the Tyler's proof reader?

 

Very, if not totally, carpy post.

 

Apropos to Japanese diet, carp.

 

Eat more carp, comfortable poor.

Mon, 01/28/2013 - 13:34 | Link to Comment 10mm
10mm's picture

I was thinking more by this spring,summer latest.

Mon, 01/28/2013 - 11:56 | Link to Comment Freddie
Freddie's picture

Tyler aka The Tylers really have a thing for this picture.  LOL!  Hilarious.  Keep using it.  This poor sap needs a the IPhone app called iFront-Running. 

It allows Apple and iPhony owners to front run the markets and engage in high frequency trading (HFT) like Apple does offshore.  Using the iFront-Running app - this homeless man will have a Park Avenue apartment in no time.

Mon, 01/28/2013 - 11:20 | Link to Comment NoDebt
NoDebt's picture

I'm shocked.  Shocked, I tell you!  Who would behave in such a disreputable manner, even if it was in their own financial best interest?

Apparently only the Japanese.  Certainly that would never happen here in the land of Rugged Individualism and upstanding moral character.

 

Mon, 01/28/2013 - 11:31 | Link to Comment Rainman
Rainman's picture

Commiefornia already holds one third of the USSA's welfare recipients. A few hundred thousand Japanese welfare immigrants would make no difference.

http://www.halfwaytoconcord.com/32-percent-welfare-recipients-in-u-s-reside-in-california/

Mon, 01/28/2013 - 12:38 | Link to Comment caconhma
caconhma's picture

Amerika becomes a 3rd-world country.

Are all these 4,500,000+ welfare receipients in Californian living in $1,000,0000+ houses or just a few hundred thousands?

 

Mon, 01/28/2013 - 13:44 | Link to Comment caconhma
caconhma's picture

This shit will not last long. Very few people left to feed all this army of consuming parasites.

There are almost no incentives in America to work hard and be honest. This is why America at wars. Amerika needs colonies to feed and supply it with goods. Like NAZI and Soviet before them, Amerika is overextended. CIA created Al Qaeda and Muslim Brotherhood are running out of control.

Printing US$ is only last US successful industry. Going to wars with conventional weaponry, Amerika cannot do it anymore. Libya is as far as Amerika can go. Go nuclear? I don't think Amerika zionist elite is ready to go that far. Like NAZI before them, America is looking for wonder/miracle weapons. But there is nothing on a horizon for new breakthrough any time soon.

Finally, instabilities created by Amerika in the Middle East are very counterproductive to the Amerika welfare economy.

 

Mon, 01/28/2013 - 11:20 | Link to Comment fuu
fuu's picture

Slash, slash, parry, and dodge.

Mon, 01/28/2013 - 11:21 | Link to Comment francis_sawyer
francis_sawyer's picture

Granny's gonna have to sing for her catfood now...

Mon, 01/28/2013 - 11:22 | Link to Comment duo
duo's picture

granny's going to move in with you.

Mon, 01/28/2013 - 11:25 | Link to Comment francis_sawyer
francis_sawyer's picture

lot's of 'shovel ready jobs' at the francis_sawyer estate... Join the fun!

Mon, 01/28/2013 - 11:32 | Link to Comment Alpo for Granny
Alpo for Granny's picture

Heavens no I will not sing for cat food. Dog food..well that's another story.

Mon, 01/28/2013 - 11:33 | Link to Comment Louie the Dog
Louie the Dog's picture

Think again.  Most welfare skanks are in their 20s and 30s.  They'll be singing to granny for her leftovers.

Mon, 01/28/2013 - 11:45 | Link to Comment unrulian
unrulian's picture

lots of work out there for 20yo welfare skanks...i have a shovel ready project myself....

Mon, 01/28/2013 - 13:22 | Link to Comment francis_sawyer
francis_sawyer's picture

I'm thinking that the '20 something' welfare skanks [to which you refer], are, in fact... GRANNIES before they become 30 somethings...

Mon, 01/28/2013 - 14:41 | Link to Comment ebear
ebear's picture

They only look like grannies.   That's what crystal meth does to you.

Mon, 01/28/2013 - 16:15 | Link to Comment francis_sawyer
francis_sawyer's picture

That & having babies when you're 14...

Mon, 01/28/2013 - 11:22 | Link to Comment joego1
joego1's picture

Then push up inflation to boot. 

Mon, 01/28/2013 - 11:22 | Link to Comment NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Is that the same as comfortably numb?

Mon, 01/28/2013 - 11:22 | Link to Comment cossack55
cossack55's picture

I have numerous solutions to root out the "comfortably rich bankstas" and have them re-enter the human race.

Mon, 01/28/2013 - 11:22 | Link to Comment jo6pac
jo6pac's picture

I'm poor and I'm not very comfy at all but yes dead uncle milton friedmans grand plan is coming to Amerika. I need a bigger garden.

Mon, 01/28/2013 - 11:24 | Link to Comment Haole
Haole's picture

Lethal hilarity, one of my personal favorites...

Mon, 01/28/2013 - 11:24 | Link to Comment Dr. Engali
Dr. Engali's picture

How about starting with the "comfortably poor" banks on the welfare system? Then work your way down to the "comfortably poor" manufactures ?

Mon, 01/28/2013 - 11:45 | Link to Comment unrulian
unrulian's picture

+100

Mon, 01/28/2013 - 11:27 | Link to Comment firstdivision
firstdivision's picture

That's one way to do it, though I would think cutting it all together would get those able to work into the workforce and the ones that aren't...well the world is overpopulated anyway. 

On another note is everyone putting on the beta chasing play today (AAPL +1%, FB +2%, SPX -.5%)?

Mon, 01/28/2013 - 12:52 | Link to Comment forwardho
forwardho's picture

Then they should die, and reduce the surplus population.

Forget to read your Dicken's this christmas?

Mon, 01/28/2013 - 11:27 | Link to Comment GCT
GCT's picture

This is how it always works.  Slash the benefits for the elderly as they are too old to riot.  The young will continue to receive their entitlements until the govenment decides they cannot do it.  What the government gives, they can take away.

The productive will continue to be squeezed until they decide fuck it I might as well get on the gravy train coming to a country near you.  The elites will continue to move to countries that are friendly to their money and will be welcomed with open arms.  Check out immigration policies or countries offering citizenship if you buy real estate.  What a frigging mess.

Mon, 01/28/2013 - 11:31 | Link to Comment TotalCarp
TotalCarp's picture

As per Kyle Bass, japan will be the test case for the west on how to rape your citizens while not starting (too many) riots.

Mon, 01/28/2013 - 12:30 | Link to Comment mumcard
mumcard's picture

If they think the chamber pot of America will react like the homogenous and culturally restrained Japanese then they are in for a big surprise.  Kenji may suffer in silence, but Tyreek is gon' get his yo.

Mon, 01/28/2013 - 11:29 | Link to Comment yogibear
yogibear's picture

Bernanke and the Fed are Directing Japan. 

The US to look like Japan in a couple of years.

Obama and the rest want to take it to infinity. Bernanke and the Fed will help them.

The US lets Japan test the waters, then it follows the path.

 

 

Mon, 01/28/2013 - 14:21 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

You are all forgetting about the war loop-hole.  War coming, a big one, before this Japan-like scenario ever hits US shores. 

Mon, 01/28/2013 - 11:31 | Link to Comment augustus caesar
augustus caesar's picture

And will they riot, whine, and cry about it? Nope.

 

I wish they'd try it here out of pure morbid curiosity.

Mon, 01/28/2013 - 11:31 | Link to Comment rwe2late
rwe2late's picture

 A law would also be needed in the USA to mandate that:

EMPLOYERS MUST HIRE EVERYONE REFERRED TO THEM,

 AT PREVAILING WAGES AND WITH MEDICAL BENEFITS.

Or have I missed something?

Is there an overabundance of jobs?

Are employers distraught for the lack of applicants?

Are all receiving assistance (mostly children) undeserving of proper food, shelter, and medical care?

 

Mon, 01/28/2013 - 11:37 | Link to Comment Louie the Dog
Louie the Dog's picture

Are all receiving assistance (mostly children) undeserving of proper food, shelter, and medical care?

After prioritizing their spending, probably.

Mon, 01/28/2013 - 11:32 | Link to Comment ziggy59
ziggy59's picture

Tighten the belt around the nec.. Um waist and waste of the Congrist

Mon, 01/28/2013 - 11:39 | Link to Comment Mad Mohel
Mad Mohel's picture

Harakiri all around bitchez.

Mon, 01/28/2013 - 11:40 | Link to Comment oleander garch
oleander garch's picture

What kind of society is it that would provide some measure of health care; some measure of nutrition; and some measure of retirement income to its elderly? 

The first organizing principle of any good society is to protect the CEOs who profit from health care (Amgen); skim bucks from nutrition (JPM); and receive bonuses from retirement income streams (Goldman).   

Mon, 01/28/2013 - 11:42 | Link to Comment TonyCoitus
TonyCoitus's picture

Comfortably poor......  I have a (new) dream.

Mon, 01/28/2013 - 11:46 | Link to Comment debtor of last ...
debtor of last resort's picture

Ehmm, 45, that's rather old huh? In that case i'll start my own welfare fund, next to my central bank. Things will get messy, with southern Europe youth unemployment around 60% and 50 million Americans on food stamps. About time for a new ponzi, after a few years 'on gold'.

Mon, 01/28/2013 - 11:48 | Link to Comment Sudden Debt
Sudden Debt's picture

And what about the Comfortably government employees?

And will the PM comit Harakiri if he get's sick?

I LOVE JAPAN!!!!!

HHHHAAAAALLAAAAKKKKKIIIILLLLLIIIII!!!!

Mon, 01/28/2013 - 12:07 | Link to Comment GeorgeHayduke
GeorgeHayduke's picture

"...what about the Comfortably government employees?"

Don't forget their government "contractor" colleagues. Many of these contractors come from the heavily subsidized military sector to accept cushy contractor jobs...ALL paid for by government.

The bleeding is everywhere, yet bandages are usually applied only in areas that get the best political response and don't harm their parasite political contributors.

Mon, 01/28/2013 - 11:49 | Link to Comment Sudden Debt
Sudden Debt's picture

Comfortably poor: Poor people who can afford 1 meal a day and don't have to sleep outside.

WTF!!!

WHY NOT GIVE THEM FREE HOUSING IN FUKUSHIMA?!?!?!

Mon, 01/28/2013 - 11:57 | Link to Comment Son of Loki
Son of Loki's picture

No more diapers for you, Grampa.  Sorry. 

 

The article does make a good point. There IS alot of abuse in the system. People who cheat the system make it bad for the other 2% honest ones.

Mon, 01/28/2013 - 11:51 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

If you live in your parents house you must follow your parents rules. The same thing applies for anyone accepting a check from the Gov't. If more then 1/2 the nation accepts handouts  or paychecks form the Gov't, then they must follow the rules or no more money. I think the majority sense this. 

Mon, 01/28/2013 - 12:06 | Link to Comment spanish inquisition
spanish inquisition's picture

The 80 billion yen will then be freed up so Japanese banker bonuses can be raised on par to US bankers who received a couple trillion dollars of welfare, I mean "bailout" money......

Mon, 01/28/2013 - 12:06 | Link to Comment Eally Ucked
Eally Ucked's picture

" after a government panel found that some people are making more on the dole than the average low-income person who is not spends on living costs" what the fuck it means?

Mon, 01/28/2013 - 14:51 | Link to Comment Matt
Matt's picture

The welfare benefits were greater than the average cost of living for a poor working person. 

Which, I thought, was the point of welfare; to cover the cost of living. I mean, what would the point of welfare be if it covered half the cost of living? Then you would have to work off-the-books just to make ends meet.

If the welfare payouts were higher than the total income of a minimum wage worker, then I would be worried. Or as Zerohedge has shown, $29K not working is as good as $69K working in America, under specific circumstances.

 

Mon, 01/28/2013 - 23:31 | Link to Comment Northern Lights
Northern Lights's picture

Actually, welfare recipients are quite resourceful.  Most hustle on the side while collecting their monthly welfare check and make above and beyond that of someone who's working at the lower end of the totem pole putting in 35 hour work weeks.  You can walk into the local neighbourhood in my area where all the co-op buildings are on any given day and find a few Benz's, BMW's and even a Jaguar parallel parked outside on the street.  And no, these aren't out of towner's as you need a residential parking permit to avoid being ticketed.

Mon, 01/28/2013 - 12:09 | Link to Comment evernewecon
evernewecon's picture

 

 

 

To me such things as their crowdsourced-type

buying of securities is suggestive of an

oligarchic element to their existence.

 

So perhaps their financial excesses and

societal extractions result from that as

they do here.

 

TBTF is definitionally an oligopoly by hostage.

 

Obamacare replaces the inability for many to 

move between states to take advantage of real estate

or employment opportunities lest they suffer exclusions

and the choice of "go naked" or "premium death 

spiral" for many with a surprisingly 

monopolistic oligarchic system.

 

http://news.yahoo.com/insurers-nervous-over-prospect-romney-victory-1159...

 

http://pages.citebite.com/p8i5t8h6mphi

 

http://www.dailykos.com/story/2009/10/14/793112/-Schumer-Leahy-Take-on-I...

 

http://www.guardian.co.uk/commentisfree/2012/dec/05/obamacare-fowler-lob...

 

What Do We Have Now?

Same Pricing/Statutory Profit/

Taxpayer Risk Filtering Scheme

For Each Of A Few Giant Players

Mainly?   YES.

So Then You Get The Equivalent:

Got That.          

http://pages.citebite.com/f9g6i1b7rfvh

 

Got That.

http://pages.citebite.com/d9u6v1v6jspj

 

 

http://www.zerohedge.com/news/2012-12-19/six-month-delinquent-mortgages-...

 

 

Perhaps We Can Offer The

Bankers Richly Paid (To Them--

Leave Us Alone Money) Amnesty

In Return For Admissions Of

Wrongdoing  So Government

Accountants With No Relation

To Wall Street

Can Operate Them On The 

Basis Of Two Sets Of Books:

 

 

Business As Usual

 

 

Business Subject To 

Force Majeure

 

 

Mon, 01/28/2013 - 12:21 | Link to Comment Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Samurai sword budget !

Fiscal katana, more interesting than fiscal cliff.

Mon, 01/28/2013 - 12:23 | Link to Comment Quinvarius
Quinvarius's picture

It is all about the bankers and government wanting to print endless money but not have it lose purchasing power for themselves.  If you ignore the excuses and reasoning they put out, it all makes sense.  They just printed an assload of money and now they want to make sure no one gets to spend any of it.  The Nikkei, which ran from 8700 to 11000 since Nov is probably about to crash. 

Mon, 01/28/2013 - 12:25 | Link to Comment escargot
escargot's picture

"The same logic is applicable to all those who instead of working, opt to receive foodstamps, disability payments, and the occasional Obama phone, all the while dropping out of the labor force and making the BLS' job of indicating a dropping unemployment rate a little easier."

Honestly, what percentage of people "opt" to receive foodstamps and drop out of the labor force?  

Have we forgotten that this country is in a friggin depression caused by Wall St cocksuckers and corporations who sent our manufacturing base out of the country?  Wall St cocksuckers who, by the way, are the biggest welfare recipients on the planet.  Wall St cocksuckers who, instead of working, opt to gamble in a rigged casino where they get to keep all the profits for themselves, and when their gambles go bad, they run to the government for a massive handout.

Let's remember who the REAL welfare parasites are, now.

Mon, 01/28/2013 - 12:28 | Link to Comment q99x2
q99x2's picture

Increase Japanese immigration.

Mon, 01/28/2013 - 12:54 | Link to Comment mumcard
mumcard's picture

So they can have more brown immigrants standing outside the bank?  How about instead of trying to mongrelize a race and culture of people with globalization fixes they create incentives to have more Japanese children.

Mon, 01/28/2013 - 12:32 | Link to Comment evernewecon
evernewecon's picture

 


 

I thought I'd add an open-source vs. paid equivalent software analogy to
really help with the ObamaCare thing.
ZH:  Please indicate somewhere how commenters can open new windows rather
than draw eyes away from ZH.

So ObamaCare's De Facto Single
Payer By Way Of An Intensely
Statutorily Profitable Cartel,
Though Nothing Like It Existed
In The Past.

It's As Though Open Source Software Got
Eaten By Paid Software, Which
Imposed Contracts Extracting Huge
Profits, But Then Adding All Manner
Of Everything Wrong To Doctors'
And Patients' Lives, And Especially
To The Task Of Health Maintenance.

One Could Just Replace That With
Single Payer By Way Of A Doctors'
Organization, A Patients' Organization,
Or A Doctors' And Patients'
Organization.
I’m guessing ZH would say why single-
payer anything, as would many doctors
(and patients) even as they ask who let
the insurers take over.

Actually, something such as a risk escrow
mechanism would enable “risk equalization”
across the whole system so as to
remove the taxpayer as risk filter patsy.

The issue’s not simply capitalism vs.
socialism but also vs. monopoly.

The high risk exchanges are a taxpayer
helped risk filter, just as the housing programs
conform and serve banking oligopoly
by being their risk filters.

The opposite is programs that empower.

So in other words it’s right to charge more for
higher risk.   It’s wrong to price / risk match to
abilities to pay and risks presented in a
monopolistic fashion with the government
serving as risk filter, especially where there’s
immunity from anti-trust combined with
statutory profit levels (which are extremely rich,
and which in the case of ObamaCare, where
young healthy types head for the stripped policies
to save money they’ll actually be often in “bronze
tier” bestowing 40% operational profits by law
on the few cartel members.)

Germs and accidents don’t respond to price
elasticities.   Risk equalization creates an
efficiency and clinical rationalization foundation
while avoiding clinically disenfranchising those
who are medically risky.

Mon, 01/28/2013 - 15:49 | Link to Comment Matt
Matt's picture

"Please indicate somewhere how commenters can open new windows rather"

instead of left clicking on links, right click and choose "open in new window" or "open in new tab". If you are on a smartphone, I have no idea as I do not use one.

Mon, 01/28/2013 - 12:42 | Link to Comment Lagging Indicator
Lagging Indicator's picture

I am more concerned about the "comfortably corrupt"

Mon, 01/28/2013 - 12:48 | Link to Comment world_debt_slave
world_debt_slave's picture

Not only that, but where I work as a cashier in a grocery store, the WIC mothers hold up the line for regular paying customers (have to call the manager, verify each purchase, go get the right item they didn't, go through the red tape, etc. etc.) and it seems the EBT'ers bellyache and throw a fit if we don't give them what they want over their EBT balance.

Mon, 01/28/2013 - 13:16 | Link to Comment Falconsixone
Falconsixone's picture

Honorable American Governement just want you poor, don't care if your comfortable (unless your illegal, then you can get 14 checks a week). 

Mon, 01/28/2013 - 13:33 | Link to Comment GreatUncle
GreatUncle's picture

Japan may be financially more insolvent than Greece by the value of the number but looks like they are going to implement the same radical solution of cuts to resolve the problem that have failed totally in Greece and Spain. 

The one thing becoming apparent in all this is there are 2 distinct classes emerging.

1. Unemployed and often with nothing taking a haircut on what they receive in handouts so they do not have the need to attack (called a war) those in the following class to survive.

2. Employed people getting handouts although they will be keeping the full level of their handouts whilst having to kill all those in the previous class to survive and as they lose their jobs become those they despised.

Coming to a country or nation near you real soon and no exceptions as the profit is likely to be some other nations debt and any debt likely to be what some other nation considers their profit.

In all this governments will still be paying 50 dollars for a padlock that should only cost 10 dollars in some government department somewhere that is all legitimate because they say so. Ignoring all the backhanders that made it possible. Get the point? That is what has to be preserved here at all costs. THAT LAST /SARC POINT IS WHAT NEEDS TO BE CUT and will probably result in far bigger savings if you can dodge the skeletons as they fall out of the closet.

 

Mon, 01/28/2013 - 13:35 | Link to Comment BringingTheRukus
BringingTheRukus's picture

Is Hari Kari a defined benefit under Japanese gov't healthcare?

Mon, 01/28/2013 - 13:44 | Link to Comment forwardho
forwardho's picture

Father, must I go to work? No, my lucky son.

We're living now on easy street, On dough from Washington.

We've left it up to Uncle Sam, So don't get exercised.

Nobody has to give a damn.... We've all been subsidized.

But if Sam treats us all so well and feeds us milk and honey,

Please, daddy, tell me what the hell He's going to use for money.

Don't worry, bub, there's not a hitch in this here noble plan...

He simply soaks the filthy rich and helps the common man.

But father, won't there come a time when they run out of cash?

And we have left them not a dime  when things will go to smash.

My faith in you is shrinking, son, you nosy little brat;

You do to damn much thinking, son, to be a democrat.

 

Read into the 1919 congressional record by Representative Clerence J Brown (R-Ohio)

 

 

 

Mon, 01/28/2013 - 14:00 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

And who will fill the void, when the grannies and grandpas are all eating cat food?

I wonder...

Tons of relief goods have been delivered to victims of Japan's catastrophic earthquake and tsunami from a dark corner of society: the "yakuza" organized crime networks.

Yakuza groups have been sending trucks from the Tokyo and Kobe regions to deliver food, water, blankets and toiletries to evacuation centers in northeast Japan, the area devastated by the March 11 earthquake and tsunami which have left at least 27,000 dead and missing.

Yakuza are better known for making money from extortion, gambling, pornography and prostitution, as well as for the often-elaborate tattoos covering much of their bodies.

But disasters bring out another side of yakuza, who move swiftly and quietly to provide aid to those most in need. [source]

Mon, 01/28/2013 - 14:16 | Link to Comment Shigure
Mon, 01/28/2013 - 16:05 | Link to Comment Aurora Ex Machina
Aurora Ex Machina's picture

Just a feature of how post-war Japan was socially reshaped, and the inherently conservative side of society there.

CF: zaibatsu

 

Orlov's predictions aren't universals, imo, esp. with regards to Asian societal models.

Mon, 01/28/2013 - 14:03 | Link to Comment Totentänzerlied
Totentänzerlied's picture

¥74 billion over three years ... is chump change. Works out to like $250 million a year, Bernanke prints more than that each and every single day, I'm sure that Chicago Boy Shirakawa ain't too far behind.

Mon, 01/28/2013 - 14:16 | Link to Comment batterycharged
batterycharged's picture

"Two months ago we demonstrated one of the biggest paradoxes of the current iteration of the US welfare state, in which a single mom earning gross income of $29,000 has the same disposable income after all net benefits as a worker who has gross income of $69,000."

 

This constant bullshit on ZH reminds me of those infommercials "a value of $599.99 now yours for just $19.99".

Figures don't lie but liars do figure.

As a poor person, I just did my taxes and paid 20% (including FICA) for 2012. I have no health care, no work benefits. I have a shitty low-paying job because there's nothing else here.

I really have no option for welfare. NONE. And I make $10K less than the mom you site above.

For the fuckheads that say poor people pay no taxes, EAT MY ASS.

For the fuckheads that say there are options for welfare that exceed working, EAT MY ASS.

You're on drugs. I get it, YOU HATE THE POOR. I GET IT. You think all poor people are BLACK, worthless and lazy.

Thanks for sharing your myopic, idiotic, uninformed opinion.

Mon, 01/28/2013 - 16:02 | Link to Comment Matt
Matt's picture

Are you a single mom? What State are you in? Please review the article and provide specific points that you disagree with. Shouting "EAT MY ASS" does not demonstrate any error in the math shown.

Mon, 01/28/2013 - 16:07 | Link to Comment AgShaman
AgShaman's picture

"As a poor person, I just did my taxes..."

Ahhh, that explains alot

Mon, 01/28/2013 - 17:16 | Link to Comment RKDS
RKDS's picture

Seriously, sometimes this place is like the WSJ and its article showing these forlorn and frowning people just struggling, struggling I tell you, to get by on $250K jobs and 5-figure investment incomes...

http://melaniekillingervowell.files.wordpress.com/2013/01/wsj-tax-jump-v...

Mon, 01/28/2013 - 18:38 | Link to Comment Umh
Umh's picture

I just voted you down and if you had a life you wouldn't being seeing "a value of $599.99 now yours for just $19.99" too much and if you have a brain which it seems you have you won't believe it.

Mon, 01/28/2013 - 14:42 | Link to Comment JamesBond
JamesBond's picture

isn't this a pic from london?

Mon, 01/28/2013 - 15:17 | Link to Comment earleflorida
earleflorida's picture

"A Modest Proposal" __ [j. swift / 1729]  http://www.art-bin.com/art/omodest.html

Hat Tip Drugde [1/28/13] Report: North korean's... modest proposal? coming to Japan's-- *'hurry-up-and-die-elderly' [*only problem is meat tenderizer can't help?] near you?

http://www.thesun.co.uk/sol/homepage/news/4765653/north-korean-parents-e...

bon`appetit

 

 

 

 

 

Mon, 01/28/2013 - 18:27 | Link to Comment Umh
Umh's picture

As unfair as it seems no one should receive more in "welfare" than those who are working for a living. When we give anyone more than those who are working receive we create the "moral hazard" trap.

Tue, 01/29/2013 - 02:29 | Link to Comment MSimon
MSimon's picture

Does that include banksters?

Mon, 01/28/2013 - 20:08 | Link to Comment Tompooz
Tompooz's picture

Welfare cuts?  Our army welcomes new recruits.

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