This page has been archived and commenting is disabled.

Two Charts Exposing America's Record Shadow Welfare State

Tyler Durden's picture




 

There was a little mentioned tangent to last Friday's very disappointing NFP print of +115,000 (driven by a surge in temp jobs offsetting a collapse in full time positions): as David Rosenberg notes, the jobs number was about half of another far more important number - that of Americans applying for disability, which in April was +225,000. He continues: "this is the new stealth stimulus program - so far in 2011, nearly one million Americans have applied for disability and year-to-date, 333k have actually enrolled (covering 539k family members). In total, more than five million people have been added to disability coverage since President Obama took over three years ago." The punchline will make all those who adore (insolvent) welfare states shake with giddy delight: "So look - either safety standards at work have eroded dramatically or the "99%" have found a creative way to milk the system and turn the economy into a quasi welfare state".... Yup. What he said. Because remember: the BLS assumes that any amount up to the total 53 million people, is not in the labor force as they have other "wefare" based forms of government handouts and see no need at all to look for a job. Is there any wonder why US unemployment is realistically 20% if not much higher? As for the other chart, food stamps, we know that story all too well.

Source: Gluskin Sheff

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 05/07/2012 - 12:49 | 2403759 SilverDoctors
SilverDoctors's picture
Warren Buffett: ‘Caves Might Be a Better Investment Than Gold’  LOL

 

http://www.silverdoctors.com/warren-buffett-caves-might-be-a-better-inve...

Mon, 05/07/2012 - 12:53 | 2403772 Clint Liquor
Clint Liquor's picture

Warren Buffet is a Crony-capitalist. Do you really expect him to say 'quit letting us cornhole you, buy Gold?'

Mon, 05/07/2012 - 13:00 | 2403775 Ahmeexnal
Ahmeexnal's picture

German Imperial family preparing another genocide. This time they will confiscate gold from the moslems and send them to the crematories:

http://www.thelocal.de/society/20120506-42379.html

 

100 arrests as Muslims clash with far-right

The conflict between a far-right political party in western Germany and Salafist Muslims grew violent again on Saturday, with some 100 people arrested and two police officers stabbed at a protest in Bonn.

About 30 members of the anti-Islamic “Pro NRW” party, holding up cartoon images of the Prophet Mohammed, faced off with 500 to 600 Salafist counter-demonstrators outside the King Fahd Academy in Bonn.

The Salafists, members of a fundamentalist branch of Islam, reportedly threw rocks at the police, who had positioned themselves between the two groups. The police ended the demonstration after about 45 minutes.

Two police officers were also seriously injured with stab wounds and were treated at a nearby hospital. The suspected attackers were reportedly arrested at the protest. Another 27 police officers were also injured.

The “Pro NRW” party has said it intends to send activists to 25 mosques throughout the state in the run-up to the state election in North Rhine-Westphalia on May 13, staging protests in Cologne, Bonn, Düsseldorf, Aachen, Wuppertal and Solingen.

Last week, a state court lifted a prior ban on the group using Mohammed caricatures in its election campaign, despite criticism that the images were purely being used for provocation.

The incident follows a similar protest on Tuesday, when 81 people were arrested in Solingen after violence broke out during a protest of Salafist Muslims against “Pro NRW.” The group had set up a stand showing cartoons of Mohammed outside a mosque.

German Interior Minister Hans-Peter Friedrich of the Christian Socialist Union (CSU), has been in touch with state officials in the past week, hoping to find a way to deescalate the situation.

“[Salafism’s] fanatical members represent a special danger to German security,” he told the newspaper Bild am Sonntag. “The Salafists deliver the ideological basis for many who then become violent.”

North Rhine-Westphalia Interior Minister Ralf Jäger, speaking on WDR television, blamed the far-right extremists for their targeted provocation of the Salafists. At the same time, he emphasized the peacefulness of the vast majority of Muslims in the western state.

"Pro NRW," which boasts 250 members, has said it is also planning to award a cash prize for the "best" anti-Islamic caricature, named after Danish cartoonist Kurt Westergaard. Westergaard was responsible for the controversial 2005 images of Mohammed, including one of him wearing a bomb in his turban.

The group has used Westergaard’s images in previous protests in Essen and Gelsenkirchen, before a ban was placed on their use. Westergaard has distanced himself from the group, saying he believes only in freedom of speech and is in no way affliated with them.

DPA/The Local/mbw

Mon, 05/07/2012 - 13:11 | 2403873 Cathartes Aura
Cathartes Aura's picture

ahhh yes,

Last week, a state court lifted a prior ban on the group using Mohammed caricatures in its election campaign, despite criticism that the images were purely being used for provocation.

divide and rule, keep the distractions, and hatred, within the people's streets, and they'll be too busy to focus their attention, and might, on those who are manipulating the game. . . oldest trick in the book, and yet, the peoples fall for it every time.

nothing new here, move along. . .

Mon, 05/07/2012 - 15:32 | 2404410 Bicycle Repairman
Bicycle Repairman's picture

Did I miss the graphs on corporate and banker welfare?  Maybe my computer has broken down.  Help me out here, kids.

Mon, 05/07/2012 - 18:04 | 2404866 Xkwisetly Paneful
Xkwisetly Paneful's picture

No,

I guess we still don't know that food stamp story.

For the 12,321,286 time,

poverty is defined in America as the bottom 1/6th,

therefore at any random point in time one would expect 1/6th the population to collect food stamps.

 

Created a nation where for the first time in the history of mankind-obese people who own cars and homes are considered "poverty stricken."

'Nuff said?

 

Mon, 05/07/2012 - 20:17 | 2405159 knukles
knukles's picture

Munger says suck it up and die, you fucking leeches.
Biden wants to run with Clinton (F)
Bake sales banned in Massachusetts
We've apparently won the war in Af-Pak
Maybe
Or
Maybe not.
But long live the enemy, anyway
Persistent little fuckers.
Not a serious word about the economy, budget or cutting spending.
Hooray for handouts. 
Record number on disability and welfare
Hooray.
Nobody cares about anything anymore.
Big fucking deal.  (Yawn)
The global economy is collapsing
Just as forecast here
Big fucking deal
It's all noise
Everything's OK
Big fucking deal
Taxageddon is coming.
Estimated to subtract between 3% to 5% from GDP
Big fucking deal.
Depression
(Yawn)
Blame the other guy
Big fucking deal
Nobody gives a fuck
Except about immigration and gay marriage
Whoa... Thems Big Fucking Deals!
The whole world's getting irradiated by Fuckyoushittin'me
The whole GoM is fucking dead
Nobody cares
Ah, Dancing With the Stars is on
The politicians are starving the masses
The politicians are polluting the seas, land and air.
Te politicians run wars amok
The politicians do the bidding of big business and monied interests
Ignore it, it'll just go away
It's an Inconvenient Truth
little did he know.
That the Internet he claimed to invent killed off the Global Warming that he didn't.
Poetic Irony.
Big Deal
Everything happening has been forecast.
To the tee
So who gives a fuck anymore?
Seriously.
Who cares?
Sure, bug out right along with 1 million others on the same road, path, mountain top.
How's that gonna work for ya'
Talk tough.
Scare 'em away.
Yeah.  Especially the folk ever seen a day's combat, either.
No pzzzzzzvooop of the round past your ear.
The sickening phthulampt of the round impacting.
The vomiting at the carnage.
No body cares.
Nobody.
Just remember, it's all horse shit anyhow, kids.
Because nobody cares anymore.

 

Mon, 05/07/2012 - 20:54 | 2405250 mophead
mophead's picture

Stealth devaluation bitchez. I've been saying it for several years now.

Mon, 05/07/2012 - 22:18 | 2405362 KowPie
KowPie's picture

"Munger says..."

 

Probably the most astute post in quite a while. Dead on.

Mon, 05/07/2012 - 18:42 | 2404978 barroter
barroter's picture

Love how you get these PR campaigns that love to blame. Well, here's a counter point...Blame the Rich.

Mon, 05/07/2012 - 20:10 | 2405139 ziggy59
ziggy59's picture

You believe this crap?
Deficit streak ends: Obama sees first monthly surplus

http://p.washingtontimes.com/news/2012/may/7/deficit-streak-ends-obama-f...

Mon, 05/07/2012 - 21:08 | 2405269 HurricaneSeason
HurricaneSeason's picture

The federal government showed a profit under Clinton too. We should lend the surplus to Japan and then Japan could lend some of it to Europe to keep the world economy going, while the surplus lasts. Maybe open up the  stategic oil reserve too.

Mon, 05/07/2012 - 20:42 | 2405225 sgt_doom
sgt_doom's picture

Negative, Biker guy, but those other douchebaggers evidently missed this below:

Keeping It Simple:  The Neocon Continuum

I’ve noticed the inability of some to absorb the large amount of facts, perhaps an overwhelming amount of facts, regarding the same or similar political appointments from the Reagan administration to the Obama administration, so I’ll keep it as simple as possible.

In the last Bush administration, George W. appointed Matthew Slaughter, a Dartmouth economics professor, to his Council of Economic Advisors.  Slaughter was an evangelist for jobs offshoring, and frequently stated that for every one job the U.S. multinationals created abroad, they created two jobs in America.

Clearly, this was and is unsupported fiction and Slaughter got that fantasy figure from a report out of the McKinsey Global Institute, whose author was Diana Farrell.

And who did President Obama appoint as one of his economic advisors?

Why….Diana Farrell, of course!

Hence the continuity; hence the neocon continuum.

This fantasy figure was an “assumption” – meaning Farrell assumed it was so, with absolutely no supporting data to prove it.

My assumption is that Jessica Alba, Rose McGowan and Christina Aguilera are all madly in love with me, but simply haven’t yet found my phone number.

Both assumptions are equally flakey.

If two jobs are created for every one job offshored or created overseas, then we would have witnessed at least 74 million jobs created in the private sector this past decade ---- that never happened!

The past 10 years America lost at least 37 million jobs:  15 million jobs offshored and 22 million jobs created offshore by U.S. multinationals.

That’s a bunch of jobs lost ---- and directly correlates to the rise in poverty, homelessness and the increase in food stamp recipients.

In  a recent BBC interview a former member of the Thatcher government who helped to privatize that government, was identified as occupying the position of vice chairman at the UBS Investment Bank.

Phil Gramm, who did the same thing in America, was rewarded with the position of vice chairman at UBS North America.

(It is important to note here that the Rothschild family was seriously involved with privatization during the Heath and Thatcher governments, just as the Rockefeller, Morgan, Koch, Johnson and Pew families led the way in the privatization of everything in America!)

The republican Phil Gramm’s contributions, the Gramm-Leach-Bliley Act and the Commodity Futures Modernization Act, both signed into law by democratic President Bill Clinton, were crucial to the super-concentration of wealth and the economic meltdown.

The Gramm-Leach-Bliley Act superseded and negated the National Banking Acts of 1963 and 1964, although the O.C.C. – under the Bush administration – would illegally invoke the National Banking Act to circumvent the state attorneys-general attempts to abide by anti-predatory lending laws.

This was the second monster-sized legal violation; the first was when Alan Greenspan signed off on the merger of Travelers and Citicorp in 1998 in direct violation of Glass-Steagall --- Greenspan illegally pre-approved an illegal merger --- thus Greenspan gave the go ahead for predatory lending.

When the super-rich and their U.S. multinationals offshore the vast amount of jobs, technology, R&D and investment, they were dismantling the economy and destroying the work force.

The total number of engineering, computer science and R&D jobs have fallen steadily in the U.S. since at least 1999 (actually since 1990) --- add to that all those manufacturing jobs offshored --- and one really begins to grasp the enormity of the situation.

The banks, oil companies, munitions companies and biopharmaceuticals aren’t the faceless, monolithic entities their media/PR people present them as --- just as they aren’t stand-alone financial entities --- they are owned by the same select group of ultra-rich.

When Steve Cole (New America Foundation, funded by the Peterson Foundation) writes a book on ExxonMobil he neglects to mention who owns them?

When he is interviewed repeatedly on various shows, his interviewers somehow always neglect to ask who owns ExxonMobil ---- now how is this even remotely possible?

Is no one curious?  Or is that a forbidden question?

And this is why we should vote Green in 2012 and elect Dr. Jill Stein for president!

 

Mon, 05/07/2012 - 21:16 | 2405280 Sophist Economicus
Sophist Economicus's picture

It's really simple.   Most of the 20+ percent of Americans out of work deserve to be.   They have no skills, are illiterate or have personality issues.   I know, I've been hiring people for over 20 years.   I do a happy dance whenever we find capable men and women that we can hire.

Then there are the disgruntled.   You know, folks who think they are really much smarter or more useful than they really are.   They rationalize their pitiful existence as a big conspiracy by 'The Man'.   The reason why THEY are not ahead in the world is because big powerfiul people have rigged the game against them, even though, all around them, smart people start new companies that grow.   Even though large companies fail every year.   Why, shock of shock, even BIG banks and Wall Street firms go bankrupt.   Yes, those well connected 'TPTB' seem to make mistakes and fail -- even with ALL of that 'insider' information and all the money, back-hip politicians, etc.

BTW, fuck Jill Stein

 

 

Mon, 05/07/2012 - 22:02 | 2405343 Xkwisetly Paneful
Xkwisetly Paneful's picture

They have no skills.

 

Although the US is amongst the largest spenders in K-12 education per pupil in the world.

They learn very little unique or valuable skills.

I wonder why that happens to be the case?

and who's fault that happens to be.

the neo con continuum where things like No Child Left Behind is neo con ideology, growing big centralized governance is a long time neo con POV in opposites or incredibly detached from reality world.

 

Mon, 05/07/2012 - 23:17 | 2405459 boogerbently
boogerbently's picture

It all goes to the TEACHERS in pay and pension. That is the MOST corrupt "union" alive.

Mon, 05/07/2012 - 23:57 | 2405515 Larry Dallas
Larry Dallas's picture

If I could up arrow this comment 1000 times, I would. Because its so true. My whole thing is outsource using the interwebs as much as possible because those who's future work depend on the meritocracy of doing a good job (see Elance.com) won't take you to court or make excuses why they can't do work (someone almost has cancer, etc).

I'm done with it.

And if you consider yourself a real cheap boss, look at Fiverr.com.

Mon, 05/07/2012 - 21:51 | 2405330 Xkwisetly Paneful
Xkwisetly Paneful's picture

Rise in poverty?

It is defined as the bottom 16.6666667% perpetually.

If rise you mean the avg waistline of the US poverty stricken than I stand corrected.

That good old neo con continuum where every guy since Reagan moved further and further left,

and did nothing but grow the size and influence of the federal government-

some neo con continuum.

Must be nice to be so incredibly detached.

 

Mon, 05/07/2012 - 20:29 | 2405208 Dasa Slooofoot
Dasa Slooofoot's picture

The same ones manipulating the game are the same ones that allow salafi muslims to immigrate into Germany. 

Mon, 05/07/2012 - 14:06 | 2404122 Chuck Walla
Chuck Walla's picture

When it comes to Muslims and Far right, how do you tell who's who? Hand out bacon sandwiches?

Mon, 05/07/2012 - 15:02 | 2404313 ScotlandTheBrave
ScotlandTheBrave's picture

Moslems and Far-Left sleep in the same bed with so called Far right who are simply just violent lefties of the same centrally controlled mind-set of the lefties, Bernakies. Obamies and other communists.

Mon, 05/07/2012 - 15:14 | 2404356 Nussi34
Nussi34's picture

This party pro NRW is about as far right as the republicans in the USA. They are just sick of these moslem culture enhancers killing their relatives in order to save family honor. Maybe tomorrow they will set up tents or ride camels on the Autobahn and BBQ sheep in the English Garden...

Mon, 05/07/2012 - 14:35 | 2404236 Kobe Beef
Kobe Beef's picture

Ahhh, the Wonders of Diversity. Will they never end...

Mon, 05/07/2012 - 15:32 | 2404408 DosZap
DosZap's picture

despite criticism that the images were purely being used for provocation.

For whatever reason, WHY should they get a PASS?.................its discrimination.

Every other Faiths symbols, and names,of their dieties ON the planet, have been drug thru 6' of shit for YEARS.(but thats OK???)

“[Salafism’s] fanatical members represent a special danger to German security,” he told the newspaper Bild am Sonntag. “The Salafists deliver the ideological basis for many who then become violent.”

Then DEPORT the SOB's....................tired as hell of the Radical Islamists getting a pass,and people having to tip toe around them, cant draw a cartoon of Muhammed or you get a HIT put out on your butt!!!!!! or they GET violent with everyone.

Its YOUR country, you should represent a threat to their butts not the other way around.

DUDES, its not your country, and if you do not like it, leave,cause trouble, MANDATORY deportation.

Europe is looking at a major Islamic suicide bombing capaign, and its their own fault for allowing so many IN, that want to have their COUNTRY,rules n regs, and LAWS in someone elses.

Austraila is the only country that has a SET and do not out up with these trouble makers.

Mon, 05/07/2012 - 17:05 | 2404729 Ahmeexnal
Ahmeexnal's picture

Oriana Fallaci predicted the collapse of the eurozone over 10 years ago.

She also predicted the rise of a euro-caliphate.

She was correct.

May she rest in peace.

Mon, 05/07/2012 - 20:41 | 2405223 knukles
knukles's picture

Oh my.  That just can't be.
The Germans learned their lesson after WWII.
They've become lovers of freedom, the arts, humanity, diversity and culture.
After all, they've got their own country to run now.
The freedom loving Eternal Western Powers gave it back to them after setting them on the straight and narrow.
I'm sure they'll do the next right thing.

BTW... Isn't Munger a German name?  And so by logic, these Islamic folk shouldn't have any gold to confiscate in their baggy clothes  They can't be uncivilized.

/cynicism off

Mon, 05/07/2012 - 20:49 | 2405235 WhiteNight123129
WhiteNight123129's picture

Ahhh.... the religious wars.... Just imagine the extent of wars of religion when football (soccer) and NFL , NBA were not existing yet !!! Humanity does not deserve to force other species to exinction by its multiplication.

Mon, 05/07/2012 - 21:10 | 2405272 Buck Johnson
Buck Johnson's picture

Fascism both in the US and in Europe is coming back in full force.

Mon, 05/07/2012 - 13:10 | 2403868 crawldaddy
crawldaddy's picture

Buffet is like 80 something, he shouldnt even buy and hold green bananas.  Of course he isnt going to push gold, gold is for us humans which are still going to have to be living in this shit stained world in 10 years.

Mon, 05/07/2012 - 13:50 | 2404047 vast-dom
vast-dom's picture

taking a page from the greek playbook: the blindness epidemic....and penis disability too.....

Mon, 05/07/2012 - 15:20 | 2404372 Nussi34
Nussi34's picture

disability? I think htey work, but they are so small so it is hard to tell!

Mon, 05/07/2012 - 14:59 | 2404303 pkea
pkea's picture

that's the price of keeping status quo and preventing riots. the only question is how long they will be able to afford it...

Mon, 05/07/2012 - 15:13 | 2404352 sof_hannibal
sof_hannibal's picture

At some point the checks stop; and at some point it won't matter when there are no longer goods/ food (fast) avaliable for exchange with paper or food stamps...

The money (disability) will at least be paused when the budget deadlocks. Good news is that there are plenty of US jails to lock up those who steal a loaf of bread.

Keep trading until the SSDI runs out and the food isn't on the shelfs. Where is robotrader when you need him, btw???

Mon, 05/07/2012 - 12:53 | 2403773 redpill
redpill's picture

"At least they’re not producing new caves all the time.”

 

Au contraire: http://usbunkers.com/

Mon, 05/07/2012 - 15:02 | 2404317 Matt
Matt's picture

Well, he's not exactly wrong. I mean, without somewhere secure to store your bullion, bullets, beans, etc, what's the point in having all that stuff?

An above-ground manmade cave covered in earth is probably better than a natural underground one anyways, so you don't have to worry about flooding, moisture, etc.

However, you only need so much cave, while you can never have too much gold.

Mon, 05/07/2012 - 20:42 | 2405224 The Alarmist
The Alarmist's picture

So buy an old, deactivated missile LCC.

Mon, 05/07/2012 - 13:06 | 2403846 JohnKozac
JohnKozac's picture

Warren & Charlie and Friends don't make a buck--they can't churn the system-- when you buy a commodity directly.

Mon, 05/07/2012 - 13:25 | 2403927 Quinvarius
Quinvarius's picture

Berkshire talks too much about gold lately.  I suspect they have a financial interest in it that is underwater.  Too bad for them, they cannot rescue a bad investment choice by buying the company this time.

Long gold short BRK might be the strategy for this summer.

Mon, 05/07/2012 - 13:56 | 2404085 Gully Foyle
Gully Foyle's picture

Disability is not welafre, fuck even welfare isn't welfare if you spent any time working.

Unless they drastically changed how one receives disability it was pretty fucking hard to qualify for benefits.

First damn near everyone is denied on their first claim. I think the mentally ill qualify immediately.

Then you need to find and attorney who will take a quarter of your back benefits.

For that year or so, you live on welfare. To receive cash benefits you sign a lien against your home, if you own one.

If an attorney thinks you have a chance they take your case. All attorneys develope a rapport with the judges overseeing disability. So just having an attorney gives your case weight.

Just before your court date you need to see court appointed medical examiners. A combination of what they decide and your medical records makes your case.

When you read that x amount of people have applied for and received disability, you have to assume that 5x failed to qualify.

They may reapply, but face the same hurdles.

Sure there is annecdotal evidence for people who act fraudulently, but they are not the norm. A lot of people suffer with disability because they are not diagnossed properly, have never visited a doctor for that disability, or tried to stretch a few more of higher paying labor out with meds and willpower.

Either way the hurdles one needs to jump through to receive benefits are not as simple as they are perceived to be.

I haven't even mentioned biased or incompetent judges with their own personal agendas.

 

 

Mon, 05/07/2012 - 14:09 | 2404137 kennard
kennard's picture

" I think the mentally ill qualify immediately."

 

Yes. It's called "crazy money" in the 'hood.

 

It is nearly impossible to disprove and is a big number.

Mon, 05/07/2012 - 14:35 | 2404232 Kobe Beef
Kobe Beef's picture

and you can use the free cash to buy drugs! You know, for medicinal purposes and shit.

Mon, 05/07/2012 - 19:08 | 2405034 erheault
erheault's picture

Hey somebody has to buy the droopy drawers for them.

Mon, 05/07/2012 - 16:05 | 2404533 John_Coltrane
John_Coltrane's picture

In fact, 43% of all claims I believe.  You'd have to be crazy not to take the "Obama Money"-or alternatively have some self-respect and guilt over living off other's people's money.

Mon, 05/07/2012 - 15:16 | 2404362 gatorengineer
gatorengineer's picture

By your post you definitely would qualify for mentally disabled... Suggest you apply.  The real rejection rate is extremely low..... You can be on disability for being morbidly obese with no underlying medical condition.  You can be on disability because of SAD (seasonally affected disorder), etc, etc, etc.  The bar is extremely low.....

Mon, 05/07/2012 - 16:27 | 2404592 Harbanger
Harbanger's picture

Liberalism qualifies as a Mental Disorder.

Mon, 05/07/2012 - 20:10 | 2405146 Yes_Questions
Yes_Questions's picture

 

 

Especially resource coveting Neoliberalism.

Mon, 05/07/2012 - 18:50 | 2404999 Gully Foyle
Gully Foyle's picture

gatorengineer

Once again anecdotal evidence strikes.

Do us a favor and post some research regarding your claims.

Not just your opinion.

Mon, 05/07/2012 - 19:36 | 2405087 nmewn
nmewn's picture

Pure coincidence disability claims sky rocket when the economy tanks?

Personally, I'm getting a little sick and tired of swerving to avoid all the drunken "mentally & obese disabled" towing their boats behind them when I'm trying to get back home from work.

Mon, 05/07/2012 - 21:39 | 2405309 Gully Foyle
Gully Foyle's picture

nmewn

So what, you are drinking in the same bar? Maybe stopping off with this crowd after work?

Because if you are driving and they are driving, HOW THE FUCK DO YOU KNOW ANYTHING ABOUT THEM WITHOUT CONTACT!

Like I said annecdotal evidence.

Weak annecdotal evidence at that.

Mon, 05/07/2012 - 22:02 | 2405342 nmewn
nmewn's picture

I live in a very small town.

Mon, 05/07/2012 - 22:27 | 2405378 jerry_theking_lawler
jerry_theking_lawler's picture

so, basically nmewn told you to 'eat shit and die'....in a round-about way.

Mon, 05/07/2012 - 18:43 | 2404983 barroter
barroter's picture

and then there was TARP, and "Windows" the Fed had for our poor, put upon, rich bankers...

Mon, 05/07/2012 - 19:10 | 2405037 fuu
fuu's picture

Never forget.

Mon, 05/07/2012 - 18:55 | 2405014 hadriansnightmare
hadriansnightmare's picture

Good grief- in the crappiest economy since the 30's contruction and manufacturing jobs are in the tank.  Disabilty claims should be in the toilet in spite of an aging population.  My guess is 30% of the new claims are bogus.  I personally know 5 people on permanent disability.  One is flat out fraud and the other one is highly suspect.  Both had lawyers. 

Mon, 05/07/2012 - 19:36 | 2405089 Cortez the Killer
Cortez the Killer's picture

sounds like you've been through the process

I knew you were a fucking worm

Mon, 05/07/2012 - 20:43 | 2405227 The Alarmist
The Alarmist's picture

Yeah, but foreclosure also used to be hard to pull off.

Mon, 05/07/2012 - 23:19 | 2405463 boogerbently
boogerbently's picture

BTW

Disability is part of the Social Security program. That's part of SS "underfunded" problem.

Mon, 05/07/2012 - 14:31 | 2404215 candyman
candyman's picture

That chick was right 3 years ago, "I want some of that OBAMA money!"

Mon, 05/07/2012 - 15:00 | 2404307 jonan
jonan's picture

lol, i remember that, was she the same one who was crying about him paying her mortgage?  i remember her crying and saying, "i don't have to worry about my bills anymore" something along those lines...

or was that a different leech...

Mon, 05/07/2012 - 22:08 | 2405349 quasimodo
quasimodo's picture

Actually it was this stupid fucking two holer.

 

http://www.youtube.com/watch?v=Bg98BvqUvCc

Mon, 05/07/2012 - 23:29 | 2405477 candyman
candyman's picture

during the depression we had soup lines, today we have foodstamps to keep the population from rioting. Its all gvt controlled.

Mon, 05/07/2012 - 18:03 | 2404867 Blankenstein
Blankenstein's picture

and that money is gonna come from his stash

 

http://www.youtube.com/watch?v=_Ojd13kZlCA

Mon, 05/07/2012 - 20:16 | 2405167 Yes_Questions
Yes_Questions's picture

 

 

The vampire squid sure sound, ummm, urban in this audio.

Mon, 05/07/2012 - 15:21 | 2404374 jekyll island
jekyll island's picture

Do you ever wonder what the citizens of the previous 15 empires that crashed their currency and economy were talking about during the death spiral?  I find myself more interested in this everyday.  Now, back to Dancing with the Stars.  

Mon, 05/07/2012 - 20:17 | 2405171 Yes_Questions
Yes_Questions's picture

 

 

 

Baked Goods and Games.

Mon, 05/07/2012 - 23:19 | 2405462 Joe The Plumber
Joe The Plumber's picture

Read Tacitus

Mon, 05/07/2012 - 19:48 | 2405093 devo
devo's picture

He's right that farmland is a better investment than gold, assuming the govt doesn't (a) raise property tax or (b) confiscate private property. But not everyone has enough money to buy farmland, the knowledge to farm it, or the resources to hire people to farm it. Of course he likes farmland--it receives subsidies. He lives off govt.

He says gold bugs want people to be afraid of governments. He's on the flipside bashing gold, which implies he's ...afraid of gold. Now what makes more sense: being afraid of gold or governments?

I don't think anyone buys gold to get rich. They're buying it now because counterparty risk is at unprecidented highs, markets are distorted, and there's no end in sight. For the next five to ten years gold will do very well.

 

Mon, 05/07/2012 - 20:45 | 2405232 The Alarmist
The Alarmist's picture

Buffet's advice is sound if you assume the civil society he lived most of his life in will endure.

Mon, 05/07/2012 - 20:31 | 2405212 Peter Pan
Peter Pan's picture

The way things are going both gold and caves will end up being good investments.

Mon, 05/07/2012 - 12:50 | 2403760 dizzyfingers
dizzyfingers's picture

Sinking, sinking....sunk. Waterwings please.

Mon, 05/07/2012 - 13:53 | 2404069 HoofHearted
HoofHearted's picture

I'd love to see the numbers plotted on a percentage basis. Surely there were more disabled after WW2...except that I see fat asses given disability for being huge. My wife even met a woman who was on disability because she had a bad attitude. (They said something about chemical imbalance, but it was clear to everyone that she was just a bitch.)

Mon, 05/07/2012 - 21:11 | 2405273 maggiemayok
maggiemayok's picture

Okay... I am familiar with so many former military people who have been awarded disability for things I wouldn't even consider an inconvenience that I'm thinking about going to the Veteran's Administration to find out how much is in their "stash."

And as the daughter of a former WWII POW (Japan), I am respectful of our military folks and the sacrifices they make. 

But, I know a guy who got a medical separation for back pain, got a civil service job because of his status as a disabled vet, then got a GS medical disability, and NOW draws military retirement, a civil service disability, AND a 100% unemployable Veteran's Disabilty check... Guy makes six figures and does nothing except go deer hunting and fishing because he is no more disabled than me.  Maybe less than me...

And he is just ONE of a the folks I know personally, dozens I know anecdotally.  It sickens me that able bodied people crawl on the gravy train while others who lost limbs get shoved aside.  But it is the way of a bureacracy to do this. 

 

Mon, 05/07/2012 - 23:21 | 2405467 boogerbently
boogerbently's picture

.....restless leg syndrome....

Mon, 05/07/2012 - 12:50 | 2403761 Oh regional Indian
Oh regional Indian's picture

Telling you, Gore's Chart-Porn was Inconvenient Truth training for the world.

All charts go vertical together. Crazy. 

And even if you add a bunch of people scamming the system in these down times, you can almost hear the system creak. America, it was a great Idea.

ori

/the-year-the-time-and-the-place-of-our-dam-ming/

Mon, 05/07/2012 - 13:07 | 2403851 Dangertime
Dangertime's picture

But some go more vertical than others.  It is clear that human nature will always take the path of least resistance.  30% growth in Disability recipients versus 11% population growth DOES tell a story.

 

http://www.financialsense.com/contributors/ross-hansen/there-is-always-free-cheese-in-a-mousetrap

 

“Disability.” The last figures from the Social Security Administration list 7.7 million Americans receiving some form of disability from the federal government. In 2000, that figure was 5.9 million. That’s a 30% increase at a time our population grew only by a little under 11%. If the government’s giving it away, why not take it – and keep playing tennis?

Mon, 05/07/2012 - 14:07 | 2404115 Gully Foyle
Gully Foyle's picture

Dangertime

Your point is irrevalent. The growth in disability would come more from older workers near retirement.

I know the majority of people have  no idea what physical labor is, and never will. Hard repititous work takes it's toll on the body.

If you were fifty in 2000, you would be sixty two now.

I worked with a Vietnam vet making metal toolboxes for MAATCO. His foot was all fucked up from the war. He had to buy a special shoe and limp/hopped.

We slaved mightily 8 hours a day five days a week. Hundreds of thousands of pounds of sheet metal toolboxes loaded on the line.

How much do you think he hurt when he went home? How many years would it take him to become "disabled"?

Mon, 05/07/2012 - 15:11 | 2404340 Cathartes Aura
Cathartes Aura's picture

and when he loses his job because manufacturing is a corporate export now, how eager will a new employer be to hire someone who may cost them in "insurance" benefits?  how "employable" will he, and so many others, actually be?

so in reality, if employers can hand pick their waged workers from a huge pool, how likely are jobs going to  those with "lesser abilities" - how can people truly pile on the blame when the only option becomes SSI in order to survive?

 

Mon, 05/07/2012 - 15:12 | 2404345 Matt
Matt's picture

What percentage of the 8 million people do you think are war vets, or people disabled from injury on the job?

Obviously there are some people that are actually disabled. There are also some people who are scamming the system. The question is, what is the ratio? 

Also, do war vets show up blended into the same numbers as other people on disability, or is there a breakdown that seperates the two groups? breakdown by disability type, perhaps?

Mon, 05/07/2012 - 16:23 | 2404581 blunderdog
blunderdog's picture

If you don't know the answer to a question, it's foolish to assume that it is the answer you'd prefer.

Mon, 05/07/2012 - 18:55 | 2405013 Gully Foyle
Gully Foyle's picture

Matt

Onviously it isn't all vets and those disabled on the job. You have those born handicapped, for example. Which everyone seems to disregard.

Then you have the mentally ill.

Old but nice breakdown. I mean a LOT of assholes just bitch and tell stories about people they see who they claim are scamming the system.

They are too fucking lazy to do the research. Or maybe they just don't want to know the truth because then they can't claim to be economic victims.

Anyway, if you can find an updated version please share it.

http://disabledinaction.org/census_stats.html


Population Distribution

51.2 million
Number of people who have some level of disability. They represent 18 percent of the population.

32.5 million
Number of people with a severe disability. They represent 12 percent of the population.

11%
Percentage of children ages 6 to 14 who have a disability. This amounts to 4 million children.

72%
Percentage of people 80 and older with disabilities, the highest of any age group.

20%
Percentage of females with a disability, higher than the 17 percent of males. On the other hand, among children under 15, boys were more likely than girls to have a disability (11 percent versus 6 percent).

 

Using or Needing Assistance

10.7 million
Number of people age 6 and older who need personal assistance with one or more activities of daily living (such as taking a bath or shower) or instrumental activities of daily living (such as using the telephone). This group amounts to 4 percent of people in this age category.

2.7 million
Number of people age 15 and older who use a wheelchair. Another 9.1 million use an ambulatory aid such as a cane, crutches or walker.

 

Specific Disabilities

1.8 million
Number of people age 15 and older who report being unable to see.

1 million
Number of people age 15 and older who report being unable to hear.

2.6 million
Number of people age 15 and older who have some difficulty having their speech understood by others. Of this number, 610,000 were unable to have their speech understood at all.

14.3 million
Number of people with limitations in cognitive functioning or a mental or emotional illness that interferes with their daily activities. This includes those with Alzheimer’s disease, depression and mental retardation. This group comprises 6 percent of the population.

 

On the Job

11.8 million
Number of 16- to 64-year-olds who reported the presence of a medical condition that makes it difficult to find a job or remain employed. They comprise 6 percent of the population.

56%
Percentage of people ages 21 to 64 having some type of disability and also employed in the last year. The rate ranged from 82 percent of those with a nonsevere disability to 43 percent with a severe disability. For those without a disability, the rate is 88 percent.

44%
Percentage of people with a nonsevere disability who work full time, year-round. This compares to 53 percent without a disability and 13 percent with a severe disability.

 

Perceived Health Status

33%
Percentage of people ages 25 to 64 who have a nonsevere disability and report their health as being "very good" or "excellent." This compares with 13 percent of those with a severe disability and 73 percent of those without a disability.

 

Income and Poverty

$22,000
Median earnings for people with a nonsevere disability. This compares to $25,000 for those with no disability and $12,800 for those with a severe disability.

18%
Percentage of people with a nonsevere disability and household incomes of $80,000 or more. By comparison, 26 percent of people without a disability had household incomes of $80,000 or more with the same being true of 9 percent of those with a severe one.

11%
The poverty rate for people ages 25 to 64 with a nonsevere disability. This compares to 26 percent for those with a severe disability and 8 percent of those without a disability.

 

Living Arrangements

60%
Percentage of people ages 25 to 64 with a nonsevere disability who live in married-couple families. The corresponding rates are 68 percent for those without disabilities and 50 percent for people with severe disabilities.

23%
Percentage of people with a nonsevere disability who live alone or with nonrelatives. This compares with 28 percent of those with a severe disability and 19 percent without a disability.

 

Education

33%
The percentage of people ages 25 to 64 who had a nonsevere disability and were college graduates. This compares with 43 percent with no disability and 22 percent with a severe disability.

 

Plugged In

36% and 29%
Percentages of people ages 15 to 64 with a severe disability who use a computer and the Internet at home, respectively. The respective figures for those without a disability are 61 percent and 51 percent.

 

Serving Our Nation

2.6 million
Number of veterans who received compensation for service-related disabilities as of 2004. Of these vets, 506,000 served in World War II; 237,000 in Korea; 1 million in Vietnam; and 540,000 in the Persian Gulf (the data cover service from August 2, 1990, to September 30, 2004).

 

See Table 513 at http://www.census.gov/prod/www/statistical-abstract.html.

Unless otherwise indicated, all the statements come from the Americans with Disabilities: 2002 report at http://www.census.gov/Press-Release/www/releases/archives/aging_population/006809.html.

 

Mon, 05/07/2012 - 19:56 | 2405121 centerline
centerline's picture

I removed my comment below to address this here...  Shame on you for spouting statistics that only illustrate the cancer that is today's society.  As if this make's it all better and will save these souls from what is coming.  Disabilities are being created daily as a response to what our world is becoming.  You have cause and effect tragically confused.  Wake up.

Mon, 05/07/2012 - 20:50 | 2405238 Dangertime
Dangertime's picture

This is a great comment and completely true.

One of the girls I dated has just gone on disability in the last six months.

 

For what?  Anxiety.  I shit you not.  I get anxiety everyday at work, it's not a disability though!  Wtf?

Mon, 05/07/2012 - 21:43 | 2405317 Gully Foyle
Gully Foyle's picture

Dangertime

Was it SSD or Workers Comp?

Ever have Anxiety?

Ever talk to someone paralyzed from it?

Ever watch them sweat and shake from it?

You have no idea about Mental health issues until you have experienced them first hand.

Mon, 05/07/2012 - 22:52 | 2405414 Joe The Plumber
Joe The Plumber's picture

That doesnt mean we should reward sickness with money. Our disability system incentivises people to stay sick

Mon, 05/07/2012 - 23:30 | 2405479 boogerbently
boogerbently's picture

The max you can make and still qualify for Disability benefits is about $1700/month.

I say, make disability payments by "direct deposit" ONLY and applicants agree to allow SSDI to check their bank records.

We'd save BILLION$$$ if they just did that.

Create jobs.....hire more welfare/disability fraud investigators. Private sector investigators that work on comission based on the dollar amount of fraud they can PROVE.

Tue, 05/08/2012 - 07:10 | 2405802 Dangertime
Dangertime's picture

SSD.  And we all have "handicaps" of some sort.  But that never stopped our ancestors from getting work done that was required.

And I have experienced mental health disorders with my borderline personality disordered friend.  I am quite familiar with mental illnesses, so stop trying to cover for the welfare state.

She never gets anxiety from watching twilight all damn morning EVERY morning.  When you give two paths to people, they will always find a way to take the easy one.  It's human nature.  We need to stop giving them that path.  It is destroying our country.

Mon, 05/07/2012 - 21:43 | 2405319 Gully Foyle
Gully Foyle's picture

centerline

Sure Rush, sure.

Mon, 05/07/2012 - 22:12 | 2405356 maggiemayok
maggiemayok's picture

I know a retired service member who opted to have a hysterectomy while in the service to stop painful cramping/heavy menses.  She got 50% disability for loss of reproductive organs when she separated! 

Mon, 05/07/2012 - 20:29 | 2405207 cynicalskeptic
cynicalskeptic's picture

I've got a brother whos collecting disability.  He's got problems but manged to work until he was 45.  He's fully functional if on meds but regularly refuses to take them or see a doctor - he's obsesssive copulsive.  He got through most of his life completely ignoring treatment.   Frankly, he played his family and everyone else - he had a dirt cheap apartment for most of his life (and a paid for co-op after my parents died).  He managed to refuse treatment for most of his life - though he's readily treatable.  Never had to worry about any bills - my mother paid them.  He was given enough to live out the rest of his life - provided he kept his minimum skilled job (he could have done far more but didn't 'want' to).  I suspect he sought 'help' pnly after my parents died and everyone else got fed up with dealing with him.

HIs employer got fed up with his attitude and let him go (surprised he lasted as long as he did).  No pension or other benefits.  

He's managed to gop through life doing only what he 'wanted' to do - like a spoiled 4 year old. He used a treatable illness as an all purpose excuse and is milking the system for all it's worht.  A shame considering those who really need (and deserve) help.

 

Mon, 05/07/2012 - 21:40 | 2405313 Gully Foyle
Gully Foyle's picture

cynicalskeptic

Wasn't that the story of the character David Cross played in Just Shoot me?

Tue, 05/08/2012 - 01:40 | 2405596 Matt
Matt's picture

Gully Foyle

thanks for some stats. it was an honest question; I wasn't expecting one result or another.  We heard recently here on zerohedge about some railroad having around 90 percent of its workers retire with disability; however, there are certainly many people who are legitimately disabled as well. 

Is any effort spent on treatment of disabilities, or do they pretty much just send out as little money as possible in perpetuity? Particularly things like anxiety or depression, seems odd if they just put people on permanent disability instead of some sort of treatment to rehabilitate. 

Nesting glitch: for some reason, posts from a day before this one are showing as nested under as replies to it.

Mon, 05/07/2012 - 23:13 | 2405449 dognamedabu
dognamedabu's picture

How to create spin..

 

First find data:

 

http://www.census.gov/

 

then mold into however you see fit.

Mon, 05/07/2012 - 19:52 | 2405114 centerline
centerline's picture

comment removed...

Mon, 05/07/2012 - 20:51 | 2405242 Dangertime
Dangertime's picture

Neither is it boomers, they are only just starting to retire.  And it certainly isn't all war vets.

Mon, 05/07/2012 - 13:49 | 2404052 Stuck on Zero
Stuck on Zero's picture

Don't believe it's all scam.  Demographics and higher retirement ages are driving up the disability rolls.  60 million baby boomers are near retirement.  Health is not great with older workers.  Debilitating diseases are soaring and work related injuries go up with age.  By 65 about a third of blue collar workers can no longer do their jobs.  When Congress raises the retirement age to save Social Security they have the perverse effect of increasing the number of people on the far-more-expensive disability programs. 

Eat your veggies!

 

Mon, 05/07/2012 - 12:55 | 2403763 redpill
redpill's picture

Well the food stamp chart has an unmistakably steep slope, but for the disability claimaint chart, shouldn't it be expressed in some per capita fashion or otherwise take into account the size of the work force?  It does look like it has steepened somewhat over the last few years, but it's hard to tell on chart that goes back to '69 and expressed in absolute numbers.

Mon, 05/07/2012 - 13:54 | 2404072 narnia
narnia's picture

It went from 2.9% of the working age population to 6%.  Zerohedge should post Econtalks every week.  This was addressed quite well here: http://www.econtalk.org/archives/2012/04/autor_on_disabi.html

This isn't a shadow welfare system at all.  It's an over one.

Mon, 05/07/2012 - 13:58 | 2404090 redpill
redpill's picture

Well, obviously it's become more dangerous to work in the US then! We need more OSHA regulations, that will fix it!

It's doubly ridiculous when you consider that the share of manufacturing jobs (the ones where you're far more likely to be legitimately disabled) has been in constant decline for decades.

Mon, 05/07/2012 - 15:38 | 2404430 penexpers
penexpers's picture

"It's doubly ridiculous when you consider that the share of manufacturing jobs (the ones where you're far more likely to be legitimately disabled) has been in constant decline for decades."

Bro, McDonalds is extremely hazerdous. Those yellow,"Wet Floor" cones are simply not large enough.

Mon, 05/07/2012 - 19:22 | 2405061 machineh
machineh's picture

So is working for the government.

It would drive anybody postal.

Compassion, BiTcHeZ!

Mon, 05/07/2012 - 12:51 | 2403765 nyse
nyse's picture

My grandfather woulda never believed it...

Mon, 05/07/2012 - 13:13 | 2403880 Comay Mierda
Comay Mierda's picture

just imaging what your grandkids will say decades from now

when the $100 dollar bill is worth a bag of steaming shit, this "disabled" welfare horde is gonna be like the walking dead on the streets of 'merica.  

Mon, 05/07/2012 - 14:41 | 2404252 Kobe Beef
Kobe Beef's picture

Nah, they'll have gold-plated, solar-powered, Government Motor hover-round chariots. What's left of the working class will be the staggering, struggling, walking dead.

Mon, 05/07/2012 - 12:52 | 2403767 slackrabbit
slackrabbit's picture

Another Krugman chart of the parasites for the elites by the sheeple...

Mon, 05/07/2012 - 12:51 | 2403768 JustObserving
JustObserving's picture

If Buffet and Munger can milk the system, why cannot the 99%?  Our unfunded liabilities therefore grow at $6.63 trillion a year

Mon, 05/07/2012 - 13:09 | 2403863 JohnKozac
JohnKozac's picture

Yes, "Follow the Wall Street Leaders" is the new mantra.

 

 

Mon, 05/07/2012 - 13:31 | 2403936 JustObserving
JustObserving's picture

Aren't you confusing "Wall Street Leaders" with "Insider Traders"?   

"Warren’s buttboy Charlie now implicated in insider trading ring"

http://maxkeiser.com/2011/04/04/warrens-buttboy-charlie-now-implicated-i...

 

Mon, 05/07/2012 - 23:33 | 2405485 boogerbently
boogerbently's picture

Seriously????

You are quoting THIS.....blogsite......as your source????

Mon, 05/07/2012 - 14:12 | 2404144 Cyclerider
Cyclerider's picture

Disability is a fraction of the trillions handed over by Bernanke to the banks in "welfare" and that's on top of what they stole writing huge mortgages on overpriced real estate in recent years.  But it's so much easier to kick sick people when they're down.

Mon, 05/07/2012 - 15:19 | 2404368 Matt
Matt's picture

I think the point is to demonstrate just one more way in which the system is unsustainable. The problem is that there are too many sick people to support. Of course, the much larger problems of out of control banking (gambling) will collapse the system well before the entitlements do.

Mon, 05/07/2012 - 19:49 | 2405102 Xkwisetly Paneful
Xkwisetly Paneful's picture

At some point it has to happen where some prediction posted here will actually come true but I won't hold my breath.

The unfunded social liabilities are what now? at least 70trillion? 100trillion including the states? and the bankers plundered how much? A HINT-there is only 65 or so trillion of wealth in the entire country.

But thanks for playing, joke around here lately serious need to bend the fuck over and withdrawal head from ass.

1/3rd is the federal budget is military, what do you think the other 2/3rds is less financing costs?

rocket surgeon, brain science type of stuff,

a country needs a banking system, military, food and fuel to operate.

It doesn't need 15,000 agencies doling out social welfare.

Not my job to pay for other people's food, homes, cars, drugs, kids, cell phones et al.

It is religion with the deity inhabiting the beauocratic ivory tower.

 

 

Mon, 05/07/2012 - 19:53 | 2405118 blunderdog
blunderdog's picture

You zerobrains regulars all sound the same.

"Fuck you, Jack, I got MINE."

Mon, 05/07/2012 - 20:04 | 2405127 Xkwisetly Paneful
Xkwisetly Paneful's picture

I don't got mine, taking outrageous cuts of every economic transaction than whining about federal income tax rates being too low as if every other tax in the country being at eye popping record highs is invisible. I get to keep some pittance after you people are done. I don't work for myself or my family, my main co dependent are the local, state and federal governments and if one includes the inevitable future taxation associated with current spending one would have to be a moron to stick around.

Yea and those evil zionista banksters broke greece not the unfunded social liabilities.

THe funniest thing of all, those oh so evil bankers could have worked for free and nothing changes,

not one single thing.

 

Mon, 05/07/2012 - 20:10 | 2405143 blunderdog
blunderdog's picture

Why you whining here on zerobrains instead of working, dumbass?  You expect someone to just show up and hand you a check?

Go out and make something of yourself and quit bitching.  Look at all the huge success stories.  People die daily to come here, and if you don't like it, you should get the fuck out.

Mon, 05/07/2012 - 20:16 | 2405166 Xkwisetly Paneful
Xkwisetly Paneful's picture

Why is that?

Blown it off now 403 times.

Not speaking the language, substandard education, little contacts or money,

somehow become productive tax paying citizens while the folks educated here with far greater resources at their disposal can't get out of their own way.

Try taking a shot at some point if you really want to be amusing.

Mon, 05/07/2012 - 20:39 | 2405219 blunderdog
blunderdog's picture

Like who?

Mon, 05/07/2012 - 21:42 | 2405315 mophead
mophead's picture

Disability is a fraction of the trillions handed over by Bernanke to the banks in "welfare" and that's on top of what they stole writing huge mortgages on overpriced real estate in recent years.  But it's so much easier to kick sick people when they're down.

Most of these people are not sick. I know someone who worked in a doctors office for work related injuries. She said one in ten were legitimate. The others were able to go back to work within days of the supposed injury. But they all stayed for months if not years. All the doctors were in on it.

Mon, 05/07/2012 - 18:45 | 2404990 barroter
barroter's picture

Milking the system by the elite is considered neccessary..for the rest of us, it's called THEFT. 

 

Mon, 05/07/2012 - 12:52 | 2403769 grey7beard
grey7beard's picture

Good, just the poor folks helping bring downt the system any way they can.  Why should the MIC, FIRE, Big Pharma, Big Ag and all the rest have all the fun?   Bring it on bitches!!!

Mon, 05/07/2012 - 12:53 | 2403771 Dr. Engali
Dr. Engali's picture

Wow can CNBC possibly beat up gold and silver while at the same time shoving their tongue up Facebook's ass any more than they are now ?

Mon, 05/07/2012 - 12:55 | 2403789 Zero Debt
Zero Debt's picture

CNBC can apparently also bomb out Ron Pauls' 2008 YouTube channel, hundreds of videos are gone -

http://www.youtube.com/watch?v=G31EK5NUC9Y

http://www.youtube.com/watch?v=0YobW_OV6A8

Mon, 05/07/2012 - 12:55 | 2403781 Jim B
Mon, 05/07/2012 - 12:55 | 2403783 toady
toady's picture

Too many people with too many problems. And it's too easy to get on disability.

Merely being obese and depressed is good enough to get disability. That's 75 to 80% of the population!

Mon, 05/07/2012 - 12:57 | 2403803 Jack Burton
Jack Burton's picture

I'm not obese, I run 10 miles a week, but I am fairly depressed actually.

Can I stop work now and get disability? Then I could up my workouts to 20 miles a week.

Mon, 05/07/2012 - 13:02 | 2403822 crawldaddy
crawldaddy's picture

average disability payment is like 14k a year, you gonna live on that?

Mon, 05/07/2012 - 13:07 | 2403856 docj
docj's picture

In a vacuum? Probably not.

But now toss-in subsidized housing, food stamps, fuel assistance, etc. and delete your tax burden entirely and it starts to become do-able pretty quickly.

Mon, 05/07/2012 - 13:13 | 2403884 crawldaddy
crawldaddy's picture

yeah sure, you go take a look at subsidized housing, you look at how these people are barely scrapping buy.  Have fun with that. Nobody is getting an easy life off food stamps, sub housing and disability.

 

The fuckers getting an easy life are those bankers getting free money lending back at premiums.  Follow the money to see who really is getting a free ride.  Hint.... its the fucking 1%.

Mon, 05/07/2012 - 13:21 | 2403909 docj
docj's picture

I didn't say it was a glamorous life. I said it was do-able.

BTW, it's not the fucking 1% - more like the fucking 0.1%. Most of the 1% are just as forked as the rest of us.

Mon, 05/07/2012 - 13:26 | 2403932 Dangertime
Dangertime's picture

It's not about how easy their life it, it's about stupidly giving them a reason not to file for at least a minimum wage job.

Paying people to not work is downright stupid.  Especially when it creates bloated .gov departments to oversee the whole shitpile.

Mon, 05/07/2012 - 21:31 | 2405299 crawldaddy
crawldaddy's picture

min wage is shit jobs, its for teenager, would you do it?  I wouldnt

Mon, 05/07/2012 - 19:09 | 2405036 ghostfaceinvestah
ghostfaceinvestah's picture

http://www.bizjournals.com/seattle/morning_call/2011/12/pair-who-live-in...

 

A Seattle chiropractor and a woman who has received federal housing assistance for the past eight years, who live in a $1.2 million Lake Washington mansion, have been accused of welfare fraud.

Mon, 05/07/2012 - 19:14 | 2405046 DosZap
DosZap's picture

A Seattle chiropractor and a woman who has received federal housing assistance for the past eight years, who live in a $1.2 million Lake Washington mansion, have been accused of welfare fraud.

Thats almost as rich as the chick on Welfare still, after she won a ONE million dollar lottery..............(3-4wks back)

She said she had ZERO intentions of getting off it, as she still had no job.

Mon, 05/07/2012 - 13:18 | 2403896 tmosley
tmosley's picture

Disability counts as income, so I wouldn't expect too much in terms of other types of assistance.  You are thinking of welfare, I think.

Mon, 05/07/2012 - 13:22 | 2403919 docj
docj's picture

Not sure - good question, though.

Mon, 05/07/2012 - 16:13 | 2404563 John_Coltrane
John_Coltrane's picture

Not true, its not taxed anymore than other SS retirement support is.  Its from the SS diability "trust fund" which we know from SS trustees will be out of cash in 2016.  So 2016 will be the date to solve this problem of fraud premanently just like all ponzis come to and end. 

Mon, 05/07/2012 - 20:03 | 2405132 tmosley
tmosley's picture

I should have said "it counts as income for the purposes of other government aid".

I have aquaintences on disability, and many of them had their food stamps reduced when they went on the dole.  These are people who are genuinely disabled, not obese people.

Mon, 05/07/2012 - 13:23 | 2403914 Cathartes Aura
Cathartes Aura's picture

but if you look at "subsidized housing" as support payments for investments by land-lords, and "food stamps" as support payments for the supermarkets & corporate fud providers (and JPM, win!!!), and "fuel assistance" as support for the corporate oil companies, not to mention Medicare benefits for the docs & pharma drug pushers - you'll see how giving people dis-ability is just another way of funneling the imaginary fiat pixels around to keep the systemic hologram intact.

this is what amrka is all about, bear witness.

 

Mon, 05/07/2012 - 13:28 | 2403942 docj
docj's picture

Or, I could just as easily think about it as support payments to justify the existance of an ever-expanding cadre of bureaucrats. It's a win-win-win!!

Mon, 05/07/2012 - 13:38 | 2403983 Cathartes Aura
Cathartes Aura's picture

yup, it's all support payments now, any way you want to add it up!

Mon, 05/07/2012 - 13:56 | 2404082 robertocarlos
robertocarlos's picture

Subsidized housing benefits the landlords more than the tenants.

Mon, 05/07/2012 - 14:48 | 2404270 Kobe Beef
Kobe Beef's picture

God, the USSA makes me wanna puke.

Mon, 05/07/2012 - 15:15 | 2404358 Cathartes Aura
Cathartes Aura's picture

indeed it does, it keeps rents artificially high. . .

but the investor class sees this as inducement to get out there and buy the bank's white elephants - again, win for the system!

Mon, 05/07/2012 - 19:20 | 2405059 Amish Hacker
Amish Hacker's picture

And let's not not even mention what Pell grants have done to college tuition costs. Next month, another heavily indebted graduating class with few job prospects will hit the streets...and shortly thereafter, their parents' basements.

Fortunately, the banks recently had congress change the law, making college tuition loans inescapable through bankruptcy, so score yet another big W for the home (land) team. 

Mon, 05/07/2012 - 14:26 | 2404202 CrockettAlmanac.com
CrockettAlmanac.com's picture

average disability payment is like 14k a year, you gonna live on that?

 

I've been up and I've been down but yes, I have manged to live quite compfortably at that income level. But I worked for it.

Mon, 05/07/2012 - 13:18 | 2403841 toady
toady's picture

You just need a diagnosis that will last over a year, or will be chronic for the rest of your life. A couple, or multiple problems, multiply your chances of acceptance.

I'm looking for a third diagnosis before I apply!

Mon, 05/07/2012 - 19:28 | 2405073 machineh
machineh's picture

'Cannabis dependency' would work for me.

* flicks his BIC *

Mon, 05/07/2012 - 13:14 | 2403878 JohnKozac
JohnKozac's picture

Jack, yes, this will free up more time to use the SNAP card and apply for an EBT card. Then you can fit in extra jogging, as well as relax by the pool and later, in the evening, dine out with your SNAP & EBT cards.

 

 

Mon, 05/07/2012 - 14:01 | 2404098 robertocarlos
robertocarlos's picture

I've been to middle-class eating establishments. The 40 dollar New York steak was not any better than what I could make at home for 8 dollars and 8 dollars buys a more satisfying meal at McD's. The middle class is getting riped.

Mon, 05/07/2012 - 14:19 | 2404171 Iwanttoknow
Iwanttoknow's picture

Easiest one,PTSD.

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