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Wow. Nearly 46.3 million Americans are on Food Stamps (as of the latest data through September, 2011). This is a nearly 1% increase over August, 2011. That total is approximately 15% of the ENTIRE US POPULATION.
Pumping the stock market obviously isn't helping these folks too much.
there is no stock market. there is one big global casino. why would anyone want to invest in a rigged casino.
The stock market is rigged. It is rigged in favor of the house. Pumping the market makes the house richer. It is amazing how far the elite will go to enrich themselves whilst many go hungry.
"Whew ? Got any Dramamine ?"
"Wall Street's 18-Point Plan to Demoralize and Dispossess the Individual Investor."
riddle me this, esq: if glowbal growth is flat-lined (if we're lucky) where tf will the corporat-0-crats get "earnings"?
much as i hate to compliment tyler, he's been all over both of these (telling people to buy inexpensive straddles comes to mind) which is amazing considering his own intake of fer-mented hydrocarbonz
Someone else's hunger is not the elites problem. They got private islands if that gets to be too nasty. Getting good help that doesn't steal too much from them is the problem. Now, with an ever expanding pool of servants and slaves to choose from, cook had better really toe the line.
There is no real hunger in this country. When I see fat, stick limbed babies then I will agree there is real hunger.
Lazy ass americans can rake fucking leaves and do servant work. It is better than being a parasite. I pay all my servants 15 an hour. You dont starve on that. Fuckin GD parasites need to work.
There...I feel better now.
Hey $15 an hour! Can I get a job raking your fucking leaves?
I would want to keep the leaves to heat the packing crate I live in under the bridge.
Over 46 Million Americans On Foodstamps For The First Time Ever
wait until the mathematically 100% certain event of US default and food stamps dont go out.
OH FUCKING SNAP
You might be waiting a long time for that outcome.
SNAP is an excellent investment of a sovereign nation's printed money. So good in fact, you might see medical stamps, housing stamps and fuel stamps.
All it would take is breaking the petrodollar. That's it.
But in the long term that kind of nation and those people will never amount to anything.
How sad. We Americans used to be a proud self reliant people. Now half the popylation wants to live off the other half and feels no shame in it.
Well, the concensus here at the Hedge is that we are currently in a "Depression".... last time I checked the G.D. had no food stamp program but the soup kitchens were doing a thriving business....
Maybe we should get rid of SNAP and have Goldman Sachs sponser soup kitchens instead? Whaddya think? It would make good on their claim that they are doing God's work...
46 million+ on foodstamps, and 50% of Americans receiving some form of direct government transfer payment at least once a month (Social Security, SNAP, Medicare/Medicaid, Section 8/HUD Housing Payments, SSI, Aid to Families With Dependent Children, Heating/Utility assistance, agricultural subsidies, etc. etc. etc.).
I'd bet money it's actually higher than 50% receiving federal and/or state direct assistance.
But Rome wasn't built in a day!
Panem et circenses.
Don't forget the prison population, they need to eat too!
Not "Aid to Families With Dependent Children." TANF (Temporary Aid to Needy Families) to be precise ;)
Just to clarify, I have absolutely zero problem with endorsing a system that prides itself on giving people, and especially children caught in unfortunate circumstances, a backstop against abject poverty.
The system we have, however, is a perverted one that was created by a medley of special interests (government agencies, JPM and other banksters, the agri-lobby which colluded with Democrats as it was enriched by the foodstamp program, etc., etc.) that literally has created what are now 4th generation welfare recipients, who know no other existence other than a government check in the mail monthly (as did their parents, grandparents and great-grandparents; this is common in urban poor areas).
Both taxpayers and these welfare-dependent individuals are compromised and penalized (taxpayers get hit financially, while the welfare recipients get a fish each day, but never learn to fish), while the special interests profit off of this dubious transaction.
*Technically, SSI & Social Security are not welfare, in the purest sense of the word, although varying interpretations of what they are does exist.
If you receive more from the government than you put in that qualifies as welfare in my book.
Therefore SSI is definitely welfare, as are most social security and medicare recipients. Paid for by the rest of us and we will never see ours.
Considering the time value of money, everyone should expect to get more out of SS than they put in. And that's not even counting the idea of it being a survivors plan, in that the money from those that don't live long enough to collect sweetens the pot for those who do.
Some do indeed pull out more than they put in, even counting the time value of money and suvivorship bonus. That is always what happens with a government program intended primarily to buy votes. The government will never be competent actuarially, it doesn't pay off in votes.
I agree with the solution, the government should not be in the business, but am just saying that your complaint was too broad.
Once a nation has 51% of its citizens (voters) on government assistance, it is GAME OVER for the rest of us. The Titanic (USA) is going to sink, nothing can be done now.
What is really upsetting about this number is what it takes to qualify. The lack of any assets and below Poverty level income.
Watch this video. Woman says someone need to take care of my 15 children. I got 15 kids, 3 daddys and someone got to pay.
What ever happened to personal responsibility?
Where do I sign up? I lost it all betting against Benny and the Inkjets....
And they estimate there are 10-15 million immigrants in the country illegally. Just saying.
I know. 15% of the population unable to afford to feed themselves. 8.6% unemployed.
Obama's a genius. With unemployment falling and the labour force reducing, the US is getting to the point where no one works and there's no unemployment. I tell ya, he's an f'ing genius.
The 8.6% figure is a crock of shite. No informed person believes that. Sadly, that fabricated number may drop... and Obumble will crow about it. Keep the vomit bag close at all times when Obumble gets in front of a teleprompter to crow about creating jobs.
Two trains, 100 miles apart, leave their respective stations at the same time, with one train (Amtrak) traveling at an average speed of 18.7 mph (due to repeated breakdowns and a top speed of 44 mph) and the other train (imported Japanese bullet train) traveling at an average speed of 155 mph.
One train is carrying 60% of the labor force aged, able bodied population that is either currently employed/underemployed, or if not presently so, choosing to seek work.
The other train is carrying the other 40% of the labor force aged, able bodies population that is unemployed and can't even find underemployment (and/or who have exhausted unemployment benefits), and has chosen to discontinue seeking work (with some doing so after barely trying, while others having done so after sending out 83.000 resumes and expending $64,000 on travel expenses attending interviews, unsuccessfully).
Of the 60% of the population on the one train that are either employed/underemployed or seeking work, precisely 8.6% of this group is not officially employed currently and is seeking employment (and they also haven't yet exhausted unemployment benefits).
What is the official, government stated rate of unemployment?
*This is not a trick question.
It doesn't matter because both trains are Taggart Transcontinental, the signal system is broke and the track hasn't been fixed in years....
Agree...but you'll need two.
One for past tence, one for future.....and only one for each end.
He is; as was George W before him...and the congress.
However, it is also the beauty of 30 years of outsourcing...no pesky unions...no pesky employment laws...no pesky tax payers......oh wait!.....
Like Kyles Bass says ' you dont get $6 toasters with out employment deflation as well......pity he's the only one speaking the truth.
No offense but the more a person embraces partisan politics; the closer the individual’s I.Q. is to two digits! This is a concept that the vast muddled mass class has great difficulty embracing to their detriment but give it a shot and wake the **** up!
An old man in a nursing home was sitting in his wheelchair and leaning wayyyy over to the right. A nurse came by and said, "you poor man", and proceeding to place him upright in his chair. A few momemts later, the man leaned wayyyy over to the left and another nurse came by. She said, "You poor man", and placed him completely upright. A few moments later, the man was leaning completely forward on his legs. A third nurse said, "oh my" and strapped him upright to his chair. His daughter came by to visit and saw her father strapped to the chair and exclaimed, "what the hell is going on here???"
The old man replied, "They won't let me fart."
We just need to fart.
Those stats look similar to my heart rate! TD, you had this covered recently about the 1234 S&P point moves since I think May?
Kicking the can down the road and there is no road. Good luck finding the can to kick. At times I don't if I should laugh or cry.
NOVEMBER 1998 S&P= 1248 suckahs
All I know is that the market does this kind of thing when it tops.
Kaltbaum's market description reminds me of the days I was an alcoholic.
Did he accidentally read the blueprint for a rollercoaster?
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