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"Your EBT Card Has Been Denied": 700,000 Are About To Lose Their Extended Jobless Claims Benefits

Tyler Durden's picture




 

While virtually everyone has opined on the topic of the massive fiscal "cliff" set to take place on January 1, 2013, which could crush US GDP unless American politicians manage to find a way to end their acrimonious ways, most forget that a far more tangible cliff is set to take place much sooner, specifically over the next several months, as those currently collecting handouts from the government in the form of extended unemployment benefits (i.e., those who have been out of a job for a year) are about to get as angry as Germants pre-funding TARGET3, once the free money stops. Goldman explains why: "First, more than 150,000 workers per month exhaust their allowed benefits. Second, recently legislated thresholds will reduce benefit eligibility in many states with below-average unemployment rates beginning in June. Third, apart from legislative changes, labor market improvement in some states has taken the state-level unemployment rate below eligibility thresholds, with many states looking at likely expiration of one or more tiers of benefits around mid-year." In other words, unlike the bulk of other transfer payment programs (read government subsides) which could be extended with the flick of a switch at the end of the year following the now traditional 1+ month congressional theatrical impasse, extended claims can not. The net result: by June some 700,000 people who are currently collecting benefits will lose everything. It seems that the old faithful EBT card is about to be denied- and while one can assume that extended benefits are not a core source of marginal aspirational product (read AAPL) sales, we all know the truth. Is the time finally coming to short the one company that is and has always been the primary beneficiary of government transfer payment largesse? Because if AAPL's recent shakiness has been, by some, attributed to the expiration of EBTs, what will happen when Americans are again forced to pay their mortgages?

Today's scary chart du jour: Legislated benefit cutoffs have started to take effect.

Goldman explains the reasons for this dramatic cliff:

Over the next several months, eligibility for federally funded jobless benefits will decline. This is due in part to legislative changes over the last few months, and in part to broader economic factors. In particular, there are three factors likely to contribute to reduced benefit eligibility and increased exhaustion of benefits over the coming year:

  1. "Natural" exhaustion of emergency and extended benefits. The rate of benefit exhaustion has declined somewhat over the last year, but remains between 150,000 and 200,000 individuals per month on a three-month average basis, as shown in the first chart below. To estimate this, we consider "final payments" reported each month by the Department of Labor in the final two tiers of the Emergency Unemployment Compensation (EUC) program and in the Extended Benefits (EB) program, net of first payments in other benefit tiers that might feed into those programs (for instance, a worker who exhausts Tier 3 will receive a final payment from Tier 3 and a first payment from Tier 4).
  2. The most recent legislative extension will soon phase out emergency benefits in states with lower unemployment rates. When Congress extended emergency benefits in February, the thresholds for states to qualify for more generous "tiers" of benefits were made more restrictive, as shown in the table below. Those changes begin to take effect in June.
  3. EB and EUC have started to expire in some states, and will expire soon in most others. Federally funded extended benefits (EB) provide up to 20 weeks of benefits, generally after EUC has been exhausted. A state generally becomes eligible for these benefits when its unemployment rate is at least 6.5 percent and the three-month average unemployment rate is at least 10 percent greater than it was during the same three-month period in any of the previous two years. In late 2010, Congress extended this two year "look-back" period to three years, in order to avoid cutting off benefits in 2011. However, in the most recent extension passed by Congress in February, Congress did not extend the look-back period any further. With the national unemployment rate roughly equal to the rate in Q1 2009, few if any states will have unemployment rates at least 10 percent higher than in the comparable period in any of the last three years, and extended benefits will end in nearly every state. Some states have also lost eligibility for the third and fourth tier of EUC due to declining unemployment rates that have now fallen below the thresholds even before taking account of the recently legislated changes. In Q1, Tier 4 eligibility ended in four states, and it ends in an additional five states this month. Assuming that state unemployment rates hold roughly steady, it appears that this final tier of benefits will be available in only 11 states by Q4. We estimate Tier 3 benefits will be available in just over half the states in Q4.

The upshot is that by around August roughly 700,000 jobless workers will no longer qualify for benefits who would have otherwise qualified. The chart above shows the difference between the number of individuals who would receive benefits each month based on current policy compared with our projection of eligibility based on state-level unemployment rates.

And the consequences:

  1. Reduction in income. Based on the cumulative reduction in benefit eligibility shown in the chart above, we estimate weekly benefits would be cut by a cumulative $6 billion over the course of the year.
  2. Possible effect on initial claims. The possibility has been raised that expiration of benefit tiers has led to increased filings of initial claims, either in response to expiration or in a mistaken attempt to establish eligibility ahead of expiration (expansion of benefits in 2001 increased claims, for instance, though there have been no clear signs of this in the data over the last few years). To investigate this, we estimate a panel regression using the percentage change in each state's weekly claims rate from its four week average change and dummy variables for changes in each state's eligibility for Tier 3, Tier 4, and EB. The difficulty with the analysis is that before the last few weeks, very few states had lost eligibility for these programs. That said, we find that a state's loss of EB eligibility increases claims by 7% in the week following expiration. This implies a very small effect--less than 1,000 claims--on the claims data for the week ending April 14 (nine states went off of EB eligibility at the end of the prior week). If correct, it implies that upcoming expirations could have a slightly more important effect; another six states will come off EB benefits the week ending April 28, which could add a few thousand claims to that week's report. Since these should be short-lived effects, we do not see benefit expirations as a reason to expect high levels of claims, but it seems possible that expirations could add even more noise to weekly claims data.
  3. Slight reduction in labor participation rate. Emergency and extended benefit programs paid benefits to 3.2 million unemployed workers at the end of March. As noted above, labor market improvement combined with recently legislated changes should result in a cumulative reduction of 700,000 workers collecting benefits through 2012. As Andrew Tilton noted a few months ago, extended benefits tend to increase the measured unemployment rate, through a combination of increased reported labor force participation and lower intensity of job search (see "The November Employment Report, and the Impact of Extended Jobless Benefits on the Unemployment Rate," US Daily, December 2, 2011). Averaging the effects of extended benefits on the unemployment rate reported in other studies implies that emergency benefits might add about 0.4 percentage point to the unemployment rate, mostly due to increased labor force participation. Since these exhaustions would reduce the number of individuals claiming benefits by around 20%, the effect would probably be worth only about 0.1 percentage point on the unemployment rate.

In other words: lower spending, more claims, but at least Obama's dream of showing a lower, or even negative (yes, it is absolutely possible if the participation rate drops below 58%) unemployment rate will come true. Too bad 700,000 more people will be living in a cave to see the inauguration.

Finally, from the conclusion:

At the end of 2012, benefits are scheduled under current law to expire altogether. Unlike previous scheduled expiration, where individuals would lose eligibility for benefits only after they exhausted their current "tier," the current policy would cease paying benefits at the end of the year with no phase-down). Our current assumption is that benefits will expire altogether at that point; this could occur because of an agreement between the parties to allow them to expire, but like other policies set to expire (the so-called "fiscal cliff"), benefits could also cease because Congress fails to agree on any of the fiscal choices it faces at the end of the year. An additional phase-down of benefits rather than outright extension is certainly possible as an alternative scenario.

Perhaps it is time to start preparing the sequel to this video: My EBT... Has Been Rejected

 

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Fri, 04/20/2012 - 09:48 | 2360884 HamyWanger
HamyWanger's picture

Where is trav7777 when you need him?

Fri, 04/20/2012 - 09:53 | 2360902 TruthInSunshine
TruthInSunshine's picture

Yet another scene from the prophetic (really) movie, Idiocracy, is set to ring true:

 

http://www.youtube.com/watch?feature=player_detailpage&v=5_3u1LVLYVE#t=47s

 

 

 

Fri, 04/20/2012 - 09:59 | 2360926 SilverTree
SilverTree's picture

Riots in the streets!

Fri, 04/20/2012 - 10:09 | 2360973 Normalcy Bias
Normalcy Bias's picture

Yep. Crime wave a comin'!

Fri, 04/20/2012 - 10:15 | 2361003 SilverTree
SilverTree's picture

Extend-&-pretend meets REALITY.

Fri, 04/20/2012 - 10:20 | 2361029 economics9698
economics9698's picture

Its like fuck I know the animals are going to riot but when?

Fri, 04/20/2012 - 11:08 | 2361220 Harlequin001
Harlequin001's picture

Lower paid jobs are good for the economy. reduces costs and keeps inflation down and all that...

Fri, 04/20/2012 - 11:35 | 2361316 iDealMeat
iDealMeat's picture

extension bitchez...  As guaranteed as a ceiling hike..

 

 

 

Fri, 04/20/2012 - 16:29 | 2362299 Chuck Walla
Chuck Walla's picture

Ya'll not seeing the upside. The BLS gets to forget these people and force down the U/E rate. This is a win for Obama. Screw the rest of ya.

 

bullish: Obama

short America

Fri, 04/20/2012 - 11:10 | 2361228 JW n FL
JW n FL's picture

 

 

Mean while WALL STREET!! gets a $100 Fucking Trillion Dollars..

But it is the POOR who are holding America back?

Wall Street has been GIVEN 4 Times More than the Military to Fight the Wars!

I would say wake up..

I would say this pro-republican bull shit caters to the new reader base at zero..

I would say get a fucking clue..

but why?

the majority of you are not fucking capable of grasping the facts.. let alone of adding them together to come to any kind of logical answer.

The wanna be thinkers.. the sheep here! are as big a problem if not more so than the idiot sheep on the street who at least keep their dumb fucking mouths shut!

Fri, 04/20/2012 - 11:18 | 2361247 JW n FL
JW n FL's picture

 

 

and for the record!

I hope these hunrgy fuckers go to Your House First!

all you bad mother fuckers!

we will see what happens whan a herd of animals knocks down your front door and takes turns on your daughters and wives! amd maybe even you too!

I just wish I could be there to watch it all unfold!

watch the piss run down your fucking quivering leg!

I hope we get the maximum in austerity!

that way!

we can get on with the killing fields potion of this cluster fuck! ALREADY!

http://www.dhs.gov/files/reportincidents/see-something-say-something.shtm <------------- snitches can report me here!

Fri, 04/20/2012 - 11:30 | 2361304 Crisismode
Crisismode's picture

Dude,

You probably need to get back on your meds ASAP.

 

 

Fri, 04/20/2012 - 12:05 | 2361388 Abitdodgie
Abitdodgie's picture

I am feeling anger, tell me about your mother, and your childhood. Don't forget we are on this planet to be entertained, and are you not entertained.

Fri, 04/20/2012 - 12:19 | 2361421 Bindar Dundat
Bindar Dundat's picture

The scary part is when 700,000 people can't afford their meds starting in June.....wow what a clusterfxxk we are going to see!

Fri, 04/20/2012 - 12:19 | 2361418 Sophist Economicus
Sophist Economicus's picture

Dude, let'em come!   I'm feeling like doing something good for humanity.    Me and my neighborhood squirrel shooters will welcome them with OPEN ARMS....

Fri, 04/20/2012 - 12:43 | 2361498 FeralSerf
FeralSerf's picture

I'm not looking forward to the coming class war as much as you are.  Here's a recent example of what happens to a lot of innocent people:

http://www.modbee.com/2012/04/13/v-mobile/2157129/a-combative-recluse.html

http://www.mercurynews.com/news/ci_20442959/governor-attend-funeral-stan...

Happy hunting!

Fri, 04/20/2012 - 20:04 | 2362777 StychoKiller
StychoKiller's picture

RoboTrader, how could you?!

Sun, 06/03/2012 - 21:05 | 2490452 Jon Bong Jovi
Jon Bong Jovi's picture

Wow dude, way to show you're just another brainwashed rat in a cage.

You need something every smart American needs, an exit strategy. Amat Victoria Curam.

Fri, 04/20/2012 - 12:44 | 2361502 tamboo
tamboo's picture

how else are we gonna scrape up more cash for the heebs?

 

The Real Cost Of US Support For Israel - $3 Trillion
Fri, 04/20/2012 - 13:49 | 2361721 JW n FL
JW n FL's picture

 

 

SHHHHHHHHHHHHHHHHHHHHH! the cheap ass wanna be Jews will shun you for telling the truth!

we need Aaron Lopez to get us some cheep labor from Africa! AGAIN!! http://www.youtube.com/watch?v=M0hQ_Br8hK8&feature=related

Oops! Never Mind! we have prison Labor!

Slave Labor? Prison Labor! its all the same thing! http://www.youtube.com/watch?v=q-5_7Xg9z9M

You know it is ALL! Your Fault becuase you speak the Truth!

The FACT! that the JEWS are the second largest Lobby! in America?? http://www.opensecrets.org/usearch/index.php?q=jewish

only behind Wall Street.. which has 70+% Jew management in Place!! LOL!!

The FACT! that AIPAC WAS FORCED TO REGISTER AS A FORIEGN AGENT!!

03/22/2012
800 Nuclear Triggers Smuggled to Israel, Mastermind Untouchabe - Secret FBI Files
An espionage ring smuggled 800 krytons to the Israeli Ministry of Defense for use in the clandestine Israeli nuclear weapons program according to newly declassified FBI files. The secret documents were originally scheduled for public release in the year 2036, but were obtained under appeal to the Justice Department by the Institute for Research: Middle Eastern Policy (IRmep). The documents available online athttp://www.IRmep.org/ila/krytons reveal new details about the failed effort to indict the nuclear smuggling ring's masterminds.

02/28/2012
Mossad Chief Set AIPAC Founder's First Public Relations Priorities -- Declassified FBI Files
Declassified FBI files reveal details of the founder of the American Israel Public Affairs Committee's (AIPAC) early coordination with the head of Mossad and the Israeli Minister of Foreign Affairs. The 198-page file, released under the Freedom of Information Act to the Institute for Research: Middle Eastern Policy (IRmep), is now on the Internet at: http://www.IRmep.org/ila/kenen

02/06/2012
AIPAC Director's Use of Classified Missile Data Harmed National Security - US State Department
Newly released US Department of State investigation files reveal how the American Israel Public Affairs Committee's (AIPAC) acquisition of classified US national defense information harmed national security. (Web documents) In 1976 the Ford administration proposed selling improved Hawk anti-aircraft missiles to Jordan. The Senate Foreign Relations Committee and House Foreign Affairs Committee received a classified Department of Defense notification of sale. AIPAC's Director Morris Amitay reviewed the classified document after being informed "secretly by aides of Senator Clifford P. Case, Republican of New Jersey, and Representative Jonathan B. Bingham, Democrat of New York" according to the New York Times.

12/13/2011
Secret trade report obtained by AIPAC and Israel compromised sensitive US industry secrets
Following a three year Freedom of Information Act battle, US Trade Ambassador Ron Kirk has been forced to publicly release a secret report about America's first bilateral trade agreement. The 1984 report predicted which US industries would be most harmed by massive trade preferences for Israel.

11/23/2011
Illicit Israeli Military Technology Transfers Continued Amidst US State Department Infighting - Audit
A newly declassified US Department of State report obtained by the Institute for Research: Middle Eastern Policy (IRmep) reveals how political infighting and turf battles undermined efforts to reign in illicit Israeli transfers of sensitive US military technology. In March of 1992 US State Department inspector general Sherman Funk issued his "Report of Audit" about efforts to stem illegal Israeli transfers of US military technology. The report found Israel "is systematically violating U.S. arms control laws." America's "Blue Lantern" system conducted in-country inspections by deploying Customs officials and other qualified US embassy personnel to verify that "sensitive U.S. Munitions List items and technology are used only for authorized purposes."

09/20/2011
Secret CIA/FBI files of NUMEC nuclear diversions to Israel could aid $170 million toxic cleanup
Recently declassified wiretap transcripts of conversations between Nuclear Materials and Equipment Corporation (NUMEC) founder Zalman Shapiro and venture capitalist David Lowenthal reveal that illegal storage practices led to a dangerous nuclear spill. Obtained under the Freedom of Information Act by IRmep's Center for Policy and Law Enforcement, the files were heavily censored by the Central Intelligence Agency which blocked release of 225 pages.

05/24/2011
$6.64 Billion Damages Sought over Israeli Government and AIPAC Use of Stolen Classified US Trade Data
Today the Section 301 Committee of the US Trade Representative formally received a petition demanding $6.64 billion in compensation for US exporters. In 1984 US exporters were urged to submit business confidential data about their prices, market share, internal costs and market strategy to the International Trade Commission. The USTR guaranteed confidentiality and compiled the data into a classified report for use in negotiating the US-Israel Free Trade Agreement.

03/07/2011
Israel lobbyist funds US Presidents, Israeli Nukes, AIPAC disinformation
FBI files released under the Freedom of Information Act unveil new details about the life of influential lobbyist Abraham Feinberg (1908-1998). Feinberg is best known for funding President Harry S Truman's "whistle stop" campaign, saving Truman's 1948 election campaign from almost certain defeat. In an interview, Feinberg summarized his long success in Democratic Party politics: "My path to power was cooperation in terms of what they needed—campaign money."

According to new histories of Israel's clandestine nuclear weapons program including "Israel and the Bomb" by Avner Cohen (1998), Israeli Prime Minister David Ben-Gurion secretly named Feinberg his chief nuclear weapons fundraising coordinator in 1958. According to Michael Karpin's "The Bomb in the Basement" (2007) Feinberg and 25 others contributed $40 million to the Israeli nuclear weapons program against opposition from presidents Eisenhower and Kennedy.

11/09/2010
Israeli False Flag Attack on U.S. Motivated 1963 Senate Investigation - Newly Declassified Files
Fears of false flag and foreign funded covert operations designed to influence U.S. policy drove the Senate Foreign Relations Committee to launch exhaustive investigations and call for warranted enforcement of the Foreign Agents Registration Act (FARA). A newly declassified March 17, 1961 memo unsealed and released by the National Archives and Records Administration on October 21, 2010 outlined the Senate's rationale for investigating Israel lobbying groups and other foreign agents active across the United States.

08/18/2010
Declassified Senate Investigation Files Reveal Clandestine Israeli PR Campaign in America
Declassified files from a Senate investigation into Israeli-funded covert public relations and lobbying activity in the United States were released by the National Archives and Records Administration (NARA) on July 23rd, 2010. The subpoenaed documents reveal Israel's clandestine programs for "cultivation of editors," the "stimulation and placement of suitable articles in the major consumer magazines" as well as U.S. reporting about sensitive subjects such as the Dimona nuclear weapons facility.

07/06/2010
Senator Pressures NRC to Clear NUMEC President of Illegal Uranium Diversions to Israel
The office of Senator Arlen Specter of Pennsylvania attempted to obtain a statement from the Nuclear Regulatory Commission according to documents newly released under the Freedom of Information Act. On August 27, 2009, Arlen Specter wrote to Rebecca Schmidt asking that the NRC "issue a formal public statement confirming that he [constituent Zalman Shapiro] was not involved in any activities related to the diversion of uranium to Israel."

03/10/2010
New FBI Files Alleging AIPAC Theft of Government Property and Israeli Espionage Released
Declassified files detailing an FBI investigation targeting the American Israel Public Affairs Committee are now available on the Internet. AIPAC was investigated after it acquired and circulated classified government information provided in strict confidence by US industry and worker groups opposed to AIPAC sponsored economic legislation.

02/04/2010
AIPAC Officials Duplicated Classified Policy Documents Before Returning to US Government - IRmep.
Top officials of the American Israel Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. Committee duplicated a stolen classified US government policy document before returning it under order of the US Trade Representative.

11/16/2009
AIPAC Received Classified US Trade Docs from Israeli Embassy
A FBI file reveals the Israeli embassy passed stolen classified US government information to the American Israel Public Affairs Committee (AIPAC). In 1984 Israel and AIPAC jointly lobbied Congress to secure preferential Israeli access to the US market against widespread American industry opposition. The FBI file, kept secret for 25 years, was recently released to the Institute for Research: Middle Eastern Policy (IRmep) through Freedom of Information Act (FOIA) requests. The declassified files, their historical context, and long term impact on jobs and exports are detailed in the new book “Spy Trade: How Israel’s Lobby Undermines America’s Economy.” “Spy Trade” also analyzes AIPAC’s long history of guidance and material support from the Israeli government.

11/06/2009
Declassified FBI File Alleges an Israeli Intelligence Agent Worked at AIPAC
An agent of the Israeli intelligence service worked on the staff of the American Israel Public Affairs Committee (AIPAC) according to a newly declassified FBI file. An August 13, 1984 secret communication from the FBI Washington Field Office (WFO) to the FBI director states, "WFO files disclose that AIPAC is a powerful pro-Israel lobbying group staffed by U.S. citizens. WFO files contain an unsubstantiated allegation that a member of the Israeli Intelligence Service was a staff member of AIPAC."

04/09/2009
Dennis Ross sidelined at State over his foreign agent status with Israel

...
In January of this year, the Institute for Research: Middle Eastern Policy (IRmep) issued a press release on Ross and the JPPPI and its predecessor Israeli government-funded operations in the United States. IRmep stated: “In the 1960s the Senate Foreign Relations Committee uncovered a network of stealth Jewish Agency ‘conduits’ financing grassroots Israel lobby start up groups through the American Zionist Council (AZC). During 1963 hearings the Senate revealed the equivalent of $35 million went toward U.S. lobbying, including $38,000 to American Israel Public Affairs Committee (AIPAC) founder Isaiah Kenen between 1960-1961.”

In November 1962, Attorney General Robert F. Kennedy required the AZC to register as a foreign agent pursuant to the 1938 Foreign Agents Registration Act (FARA). The AZC shut down and transferred its lobbying activities to AIPAC. Ross never registered as a foreign agent under FARA after becoming chairman of the Jewish Agency-funded JPPPI in 2002. Ross’ failure to declare himself as an agent of the Israeli government contributed, in part, to Clinton’s decision to remove his Iran portfolio.

03/31/2009
Israeli Nuclear Arsenal Prohibits US Foreign Aid Under Symington Amendment

...The declassified US Army report titled "The Joint Operating Environment 2008" identifies Israel as a nuclear weapons power. Specifically the US Army highlights "a growing arc of nuclear powers running from Israel in the west through an emerging Iran to Pakistan, India, and on to China, North Korea, and Russia in the east." Jimmy Carter became the first former President to confirm in 2008 that Israel has secretly financed, developed and deployed an undeclared arsenal of nuclear weapons.

The Foreign Assistance Act of 1961 as amended by the Symington Amendment of 1976 and the Glenn Amendment of 1977 prohibit US military assistance to countries that acquire or transfer nuclear reprocessing technology outside of international nonproliferation regimes. Israel, unlike Iran, is not a signatory to the Nuclear Non-Proliferation Treaty. If Congress wishes to provide US taxpayer funded foreign aid to Israel in compliance with US law, it may do so only under a special waiver from the office of the President as in the case for Pakistan.

02/23/2009
Documents Reveal AIPAC Trade Secrets Leak Leading to $71 Billion Export Loss

...Since the agreement was signed in 1985, US trade with Israel shifted from surplus to a cumulative $71 billion deficit (adjusted for inflation). The 2008 $7.8 billion deficit with Israel was equivalent to 126,000 US manufacturing related jobs. It is the only bilateral FTA producing multi-billion dollar losses to the US every year for the last decade but total losses are still unknown. According to IRmep director Grant F. Smith the agreement was the beginning of a chain reaction of intellectual property theft documented by industry associations and US counterintelligence agencies: "US corporations were betrayed by the leaks of their intellectual property during treaty negotiations in 1984. US pharmaceutical, defense and other industries continue to lose billions in revenue to Israeli copy-cat merchandise. We are only beginning to fully understand the larger impact of AIPAC and the Israeli government's ongoing acquisition of classified US information."

01/29/2009
Dennis Ross Chairmanship of Israeli Government Funded Think Tank Could Torpedo Iran Envoy Job

...Since 2002 former American diplomat Dennis Ross has filed no FARA activity declarations. This could be a problem according to IRmep director Grant F. Smith. "The US Department of Justice has always asked US recipients of Jewish Agency funding -- whether the American Zionist Council and its US executives, or the Jewish Agency's New York office -- to register as agents of a foreign principal. With US-Iran diplomacy and restoration of productive relations looming so urgently, now is certainly not the time to resurrect foreign agent registration battles."

12/22/2008
DOJ and Treasury Rebuff Calls to Investigate Alleged $60 Billion Israel Money Laundering Ring

...since 2005 the leadership of the US Treasury Department's Internal Revenue Service and Terrorism and Financial Intelligence units have repeatedly rebuffed requests for investigation and related inquiries. For three years the Department of Justice Counterterrorism Section, Federal Bureau of Investigation, and New York based US Attorneys have formally refused to show investigatory interest in these publicly substantiated money laundering allegations.

11/24/2008
AIPAC Founder's Newly Declassified Foreign Agent File Reveals Shift to Stealth Lobbying

Six decades ago Americans working as registered Israeli foreign agents launched New York, Washington and Los Angeles "Israel Office of Information (IOI)" branches. Newly declassified records document IOI actions that forever changed foreign government lobbying on Capitol Hill as IOI director Isaiah L. Kenen shifted Israel lobbying away from FARA oversight into stealth foreign lobbying from the American Zionist Council.

10/27/2008
Declassified Papers: DOJ Accepted AIPAC Parent's Demand for Secrecy

Papers kept secret for 43 years show that the US Department of Justice attempted to register the parent organization of the American Israel Public Affairs Committee, or AIPAC, as the foreign agent of Israel. Such a registration could have changed the course of Middle East history by giving the president, State Department and American public more insight and leverage over the Israel lobby during peace negotiations to compensate displaced Palestinians and avert Israel's covert development of nuclear weapons. How the subversion of law enforcement and oversight corrupts governance in the US.

10/1/2008
The Lobby and the Patriot's Predicament

How the subversion of law enforcement and oversight corrupts governance in the US.

09/16/2008
From Irgun to AIPAC: Israel Lobby's US Treasury Follies Hurt

A historical perspective on the Israel lobby's actions reveals how the US Treasury Department is used against the interests of the American people.

08/20/2008
Declassified Old Documents Shed New Light on AIPAC Espionage Prosecution

How the subversion of law enforcement and oversight corrupts the US political process.

06/06/2008
AIPAC report reveals long history of activities harmful to U.S.

A historical review of the AIPAC Near East Report's attempts to divert attention away from Israel's nuclear program, the corrupted trade agreement, and election fraud in the California senate race.

http://irmep.org/ila/About/news.htm

 

But its the POOR People!

not $3 Trillion to Israel??

The FACT that the Federal Reserve is FULLY FUNDING the central Bank of Israael's Purchase of U.S. Stocks.. in its NEW Open Market Operations Push??

http://www.zerohedge.com/news/next-leg-ponzi-revealed-central-banks-begin-buying-us-stocks-outright-starting-today

 

and LORD FORBID!! Tyler let the Truth stay posted! then he is a NAZI!!

The Truth! makes Tyler a NAZI!!

It makes me a NAZI!!

it makes any of you who speak the Truth a NAZI!!

so says the Jewish Lobby!

the most well funded Lobby in the History of Man Kind!

and it is used against AMERICA!

 

But.. it is the Food Stamps! cause you feel good when you blame the poor.. the hard working Jews on Wall Street are Real Americans! Your Poor Country men, women and children are the virus that needs to be starved to death!

You fucking sheep make me fucking SICK! < that is not direct at you Tamboo! and the rest of you, you know who you are! should sit there and say nothing! or Tyler will get complaints! and you will be labled a Nazi too!

 

Fri, 04/20/2012 - 14:06 | 2361812 smiler03
smiler03's picture

-1

Jw, nine pages?!?!? Life's too short to read that epic. 

Fri, 04/20/2012 - 14:09 | 2361828 JW n FL
JW n FL's picture

 

 

for ALL! of you that have been successfully programmed to believe the POOR! of America are to Blame!

for ALL! of you ignoring the Fact that Wall Street has been GIVEN! At LEAST 4 Times MORE! Money that ALL! of the military in the United States!! (that was waging 2 wars and multiple little fronts).

For ALL! of you that believe starving the most well armed populace in the World improves your quality of life and survivability!

This movie for you Dumb Fuck(s)! http://www.youtube.com/watch?v=fMkrJOOTjj4&feature=related

 

The Poor! are NOT FUCKING YOU!!

You being Ignorant! and staying Ignorant!! is what is FUCKING THE COUNTRY!!

YOU! wanna be thinkers who refuse to the numerical facts and follow your feelings!

YOU!! are to Blame! EVEN MORE SO THAN THE POOR!! who produce NOTHING!!

Because Your! CONTINUING IGNORANCE!! Enables! the Government to FUCK EVERYONE OVER!!

 

 

Fri, 04/20/2012 - 14:42 | 2361970 vato poco
vato poco's picture

Dude. Srsly. Med cutback or Detox center. Look into it soonest, m'kay?

Fri, 04/20/2012 - 15:01 | 2362027 JW n FL
JW n FL's picture

 

I guess since the Facts can not be debated.. the only thing left is personal attacks..

what comes after that?

7 stages of stupid? I dont know.. to much thinking for me to have to conjure the smoke screen back up!

Fri, 04/20/2012 - 14:57 | 2362016 mick_richfield
mick_richfield's picture

YOU!!!!  Are using TOO MANY CAPS!!!!   And MULTIPLE!! EXCLAMATION POINTS!!!!!!

And YOU KNOW WHAT?!?!?!?!?!?

It DOESN'T!   make ME!!!!   WANT!!!   TO LISTEN!!!!!!!!

 

Fri, 04/20/2012 - 15:00 | 2362022 JW n FL
JW n FL's picture

 

 

mick_richfield

YOU!!!! Are using TOO MANY CAPS!!!! And MULTIPLE!! EXCLAMATION POINTS!!!!!!

And YOU KNOW WHAT?!?!?!?!?!?

It DOESN'T! make ME!!!! WANT!!! TO LISTEN!!!!!!!!

Ignorance is BLISS!!!!! enjoy IT!!!!!

Fri, 04/20/2012 - 15:17 | 2362070 mick_richfield
mick_richfield's picture

Do you want to educate people?

Do you think you're doing it the best way you can?

Do you think ZH is the place where people most need educating?

Fri, 04/20/2012 - 15:27 | 2362111 brewing
brewing's picture

just make sure he doesn't teach spelling class...

Fri, 04/20/2012 - 17:21 | 2362440 JW n FL
JW n FL's picture

 

 

mick_richfield

Do you want to educate people?

Do you think you're doing it the best way you can?

Do you think ZH is the place where people most need educating?

 

Here at ZeroHedge we are supposed to be looking into what and why the World is falling apart.. or more accurately being torn apart.. for the betterment of ALL?!?! was always my opinion..

 

So, if we.. here at ZeroHedge are supposed to be looking at cause and effect.

 

I can only say that the 2 single Largest sources of Corruption in America’s Government are the 2 Largest Lobby’s.. who in turn receive the largest cut of Tax Dollars handed out by the Government and as well as the Largest Hand Outs from the Federal Reserve.

 

So, if the Largest Sources of Corruption are the Largest Lobby’s! Then it only makes sense that someone here at ZeroHedge would connect the dots..

 

I don’t see a LOT! of other ZeroHedgers! Connecting the Dots when it comes to the Largest two (2) pools of Lobby Dollars!

 

I don’t see a LOT! of ZeroHedgers! Pointing out the Largest Recipients of Government Hand Outs!

 

I see Reuters / Bloomberg giving more air time to the Recipients of Bailout Dollars than the Majority of ZeroHedge Posters.

http://www.reuters.com/article/2011/05/26/us-lobbying-imfreport-idUSTRE74P7AF20110526

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

 

 

So, to answer your question of whether the Majority of Posters here at ZeroHedge need a Lesson on who is Lobbying Who and Receiving how much in return.. I would say Yes, the Majority here do need to be educated.. in hopes that they can then spread the word more widely that I can my myself.

 

So, the Largest Lobby(s) in America Receive the Largest Government Hand Outs!

 

http://www.opensecrets.org/usearch/index.php?q=jewish

 

but maybe the links are too easy for some to follow.. maybe some of the older baby boomers who are Praying Night and Day for the Status Quo to just hold on until they die! After working so hard to get ahead in the Quagmire of Lies! After participating in and Promoting the Lies!

The point being maybe they would prefer a book to read? http://books.google.com/books/about/Foreign_Agents.html?id=pFAaAQAAIAAJ

I am trying to be accommodating to those with the most to lose when REAL Change comes kicking in their door! LOL!!

 

I would not want to give the ole’ timers a chance to get right with God before it’s too late! LOL!!

 

Fri, 04/20/2012 - 14:18 | 2361871 LFMayor
LFMayor's picture

no shit.  It's like fucking Dr. Zhivago, unabridged.

Fri, 04/20/2012 - 14:08 | 2361829 brewing
brewing's picture

i think it's time the tylers give you the heave ho...

Fri, 04/20/2012 - 14:25 | 2361907 JW n FL
JW n FL's picture

 

 

what FACT.. are you saying is not true?

you dont want to debate the Facts?

and you dont want me to be able to share the FACTS..

so I guess you want.. the status quo to continue unabated then?

 

I think everyone in the Ghetto should KNOW! for a FACT!! what REALLY HAPPENED during the Slave Trade!

Ghetto is even a JEWISH TERM! LOL!!

 

The Truth will set the Righteous FREE!

 

Maybe its the Lobby.. http://books.google.com/books/about/Foreign_Agents.html?id=pFAaAQAAIAAJ AIPAC the Registered Foriegn Agent? http://www.reuters.com/article/2008/08/20/idUS117878+20-Aug-2008+PRN20080820

 

Maybe you dont want people to know.. that the Largest Lobby's in America get the MOST Tax Dollars back from the Government?

http://www.reuters.com/article/2011/05/26/us-lobbying-imfreport-idUSTRE74P7AF20110526

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congress-gave-banks-13-billion-in-income.html

 

How many times has the IAEA inspected ANY?? Nuclear Facility in Israel?? 0

How many times has the IAEA inspected Iran's Nucealr Facilities? 100's!

 

I mean which truth do you not want people to know?

 

which of these truths do you think would wake America Up the FASTEST?? to the LIE! that AIPAC insures continues in Congress??

 

 

Fri, 04/20/2012 - 14:40 | 2361965 jus_lite_reading
jus_lite_reading's picture

JW I agree with what you say but you're going to give yourself a heartattack....

We all know who runs this country and the reason it is the way it is... what's that? AIPAC vowed to use every last resource of their's to make sure RON PAUL doesn't even make it to the ballot card? What's that? AIPAC vowed to use Americans to fight Israel's wars? Yup and yup 

And this is why the SHTF real soon...

Fri, 04/20/2012 - 14:59 | 2362019 JW n FL
JW n FL's picture

 

 

I hate these Coward Jews who will not debate the Facts!

they run and hide and email Tyler..

they have NO! ground that stand on.. so they try to work from the shadows.. and that Cowardice makes my Blood Boil!

 

But Thanks for caring about my Blood Preasure! LOL!! Damn Nice of Ya!

 

and Ron Paul! won! fair and square in a LOT!! of Places!! but the Votes were denied!

http://www.youtube.com/results?search_query=ron+paul+votes+rigged

http://www.youtube.com/results?search_query=ron+paul+votes+not+counted

http://www.youtube.com/results?search_query=16000+ron+paul+votes+stolen

 

and the TRUTH!! about hacking those Voting Machines!! FOR CHEAP!!

http://www.youtube.com/results?search_query=hack+voting+machines+cheap&oq=hack+voting+machines+cheap

You know some People LIVE! for a Bargain!! and LOVE NOTHING MORE THAN TO BE CHEAP!! LOL!!

 

God Bless and God Love You and Yours!!

Fri, 04/20/2012 - 15:06 | 2362037 JW n FL
JW n FL's picture

 

 

ALWAYS!! From the Shadows!!

 

Between 1962-1963 the Senate Foreign Relations Committee subpoenaed internal reports of the American Zionist Council during its investigation into the activities of registered agents of foreign principals. They discovered that more than $5 million in tax exempt (and possibly overseas donations) had been laundered through the Jewish Agency's American Section into the American Zionist Council. The Jewish Agency functioned as a quasi-branch of the Israeli government, received Israeli government funding, and was able to review legislation before it went to the Knesset under its Covenant Agreement.

This violated IRS regulations on the use of tax exempt charitable funds and the 1938 Foreign Agents Registration Act.

The following reports detail how the American Zionist Council used the funding in a sophisticated campaign to cajole and intimidate news media, subvert open debate about Israel and undermine reporting about key issues of the day such as Israel's Dimona nuclear weapons facility, operation Susannah terror attacks on the United States, and the return of Arab refugees to their homes. The AZC tracked and targeted professors and engaged in covert operations obliquely referred to in the following internal reports.

After the Justice Department ordered the American Zionist Council to register as a foreign agent in late 1962, it transferred responsibilities to the American Israel Public Affairs Committee, which refuses to register as a foreign agent of the Israeli government.

On May 19, 1970, the Dow Jones Observer reported, "In 1963 the Senate Foreign Relations Committee investigated the Jewish Agency and uncovered a 'conduit' operation run by an organization called the American Zionist Council. Over an eight-year period, this council received more than $5,000,000 from the Jewish Agency to create favorable public opinion in this country for Israeli government policies. The Senate investigation closed down the conduit, but the extensive propaganda activities still go on."

http://irmep.org/ila/azc/

 

Follow the links.. for the Senate / FBI and / or other OFFCIAL! GOVERNMENT REPORTS!!

 

Fri, 04/20/2012 - 16:07 | 2362232 vato poco
vato poco's picture

Preachin' & screechin' to the choir at the top of your lungs. Telling yourself it's going to matter - maybe with *just enough* ALL CAPS and exclamation points!!! you'll finally get the sheeple wised up about the goddamn Jews and their sinister, centuries-in-the-unfolding plot to fuck over the goyim!!!!!!!!

And those who laugh at your childlike tactics are just more brainless dupes, controlled by the Zionist Conspiracy. Wow. No way you can lose, when you posit it like that, is there.

Eat a shit sandwich, peabrain. Take a marketing class. Do SOMEthing besides squeal at max volume at Tolstoy-esque, Rand-esque length.

Fri, 04/20/2012 - 17:04 | 2362368 JW n FL
JW n FL's picture

 

your compliant is how I type?

ok..

when is the last time you shared the information above here?

when were you planning to share it again?

ok.. that was to simple.

how about.. the facts.

Not the SPIN! that you just tried to inject..

but the sourced and sighted facts.

would you like to disucss them?

would you like to offer some PRO-AIPAC Counter Wieght?

I am completely open to new Facts! if you have some to offer?

of course given your Personal Attack on me.. and the SPIN! that you have offered I can only assume you have no FACTS to offer.. and that you are reaching to stave off the ugly Jewish Truth.

I will be waiting.

Sun, 06/03/2012 - 19:01 | 2490129 Calmyourself
Calmyourself's picture

JW,

Dude quit holding back you'll get a heart attack.. Tell us how you really feel.. As for me a Jew took my puppy when I was little I have never gotten over it I'd pay 3 trillion to get old red back..  I have an idea lets go back to our favorite rifles, hooya for the Fal and HK 91.. 

Fri, 04/20/2012 - 10:22 | 2361040 LowProfile
LowProfile's picture

How much you wanna bet they extend this for another year to "insure a fragile recovery" or some other such BS.

Fri, 04/20/2012 - 10:36 | 2361091 brewing
brewing's picture

i'll bet the farm on your theory...

Fri, 04/20/2012 - 11:10 | 2361227 Harlequin001
Harlequin001's picture

Of course, they could easily solve the problem and just bring back hanging...

Fri, 04/20/2012 - 10:41 | 2361116 DaveyJones
DaveyJones's picture

SIDE NOTE: Check out the interview with William Benney (NSA Whistleblower) and detained journalists Laura Poitrous and Jacob Applebaum on the wonderful Orwellian world we now live.

http://www.democracynow.org/

(Tyler give yourself an extra hour at the airport)

Fri, 04/20/2012 - 12:11 | 2361393 i-dog
i-dog's picture

 

"How much you wanna bet they extend this for another year"

I'll bet you 450 million hollow-points that they don't plan on extending....

Fri, 04/20/2012 - 14:54 | 2362005 mick_richfield
mick_richfield's picture

"hollow point" has such a negative connotation.

how about calling them . . . oh, i don't know ... maybe "terminal unemployment compensation"?

Fri, 04/20/2012 - 10:13 | 2360986 TruthInSunshine
TruthInSunshine's picture
It's Free - Swipe Yo EBT (Clean) - YouTube

 

 

As accurately reflective this parody is, those in the banking/financial parasite class are trillions ahead of the EBT crowd in draining the blood of any remaining productive citizens/companies/sectors in The New United States of Amerika.

Fri, 04/20/2012 - 10:19 | 2361021 LowProfile
LowProfile's picture

That girl has talent(s).

Fri, 04/20/2012 - 12:01 | 2361373 Abitdodgie
Abitdodgie's picture

Swipe your card it's free.   All you got to do is fuck and 9 months latter your in the big bucks.

Fri, 04/20/2012 - 10:00 | 2360927 GetZeeGold
GetZeeGold's picture

 

 

Wudda ya mean there's no more free food. I gots a card.

 

Please don't tell me Obama's stash is empty.

 

Fri, 04/20/2012 - 10:11 | 2360991 krispkritter
krispkritter's picture

EBT=Eating Becomes Transitory

Fri, 04/20/2012 - 11:57 | 2361368 Sauk Leader
Sauk Leader's picture

http://www.youtube.com/watch?v=Z5tqH7UrzOw 

"I just want some of them Obama Bucks"

Fri, 04/20/2012 - 10:54 | 2360951 Normalcy Bias
Normalcy Bias's picture

Shit. I know shit's bad right now, with all that starving bullshit, and the dust storms, and we are running out of french fries and burrito coverings. But I got a solution.

- President Camacho

Fri, 04/20/2012 - 11:30 | 2361303 TruthInSunshine
Fri, 04/20/2012 - 11:42 | 2361333 Normalcy Bias
Normalcy Bias's picture

You're absolutely right. While hilarious, Idiocracy is also sadly and frighteningly prescient...

Fri, 04/20/2012 - 12:07 | 2361387 i-dog
i-dog's picture

Rehab for politicians and bankstaz!!

Fri, 04/20/2012 - 09:55 | 2360916 BlueCollaredOne
BlueCollaredOne's picture

Statistics would tell us that he is either in:

A. Jail

B. In between a Kardashians thighs

C. I can't think of another...

Fri, 04/20/2012 - 09:59 | 2360928 LawsofPhysics
LawsofPhysics's picture

C.  profitted from his short positions and isn't wasting time blogging.  Okay, maybe too optimistic for trav.

Fri, 04/20/2012 - 10:08 | 2360981 slaughterer
slaughterer's picture

The AAPL store does not take EBT as payment. 

Fri, 04/20/2012 - 10:12 | 2361000 Sk84life
Sk84life's picture

but when you dont gots to pay for your food.  You can get that tight ass ipad, iphone, and some itunes dog!

Fri, 04/20/2012 - 12:48 | 2361506 Marginal Call
Marginal Call's picture

Which is why it's there in the first place.  It's corporate wellfare in disguise.  And when it's time to get the base riled up, show a picture of a black man getting free stuff.

 

It's a win win for the dog whistler.

Fri, 04/20/2012 - 12:50 | 2361511 FeralSerf
FeralSerf's picture

I have a hard time believing that many of the EBT card recipients are buying ipads. I know some people that are getting these transfer payments and none of them have any ishit.  

Fri, 04/20/2012 - 10:21 | 2361027 takeaction
takeaction's picture

This video explains it all......

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

Fri, 04/20/2012 - 10:32 | 2361086 brewing
brewing's picture

can't believe hamy is getting all "ups" today...

Fri, 04/20/2012 - 20:13 | 2362789 Acorn10012
Acorn10012's picture

Mmmmmmmmm....KFC and candy bars.

Fri, 04/20/2012 - 09:47 | 2360885 SheepDog-One
SheepDog-One's picture

Stand on the street corner all day eating chips and KFC and candy bars and just swipe your EBT card...what a fukin disgrace. 

Fri, 04/20/2012 - 09:57 | 2360920 BandGap
BandGap's picture

And yet no disgarce is felt.

My family was on welfare in the 70s, it was an embarassment for all of us. For about a year and a half we struggled until my mom took two jobs (raised four kids on 13K/year). What were once safety nets for society are now expectations. Whole generations have now been raised using government hand-outs, these people know no differently. Worse yet, as given here, they expect no different.

Soon the struggle will intensify. Consider yourself blessed if you have lived and learned to depend on yourself. Those who have not will wail and gnash while they feel the brunt.

Fri, 04/20/2012 - 10:07 | 2360966 aerojet
aerojet's picture

As horrible as this sounds, I'm just waiting until we have to start shooting these lowlifes.  I know a lot of these people have children, but I also know that the situation is getting out of hand when you have so many peopel dependent on money that is printed right out of thin air.  Nature is harsh and is going to get a hell of a lot harsher.

Fri, 04/20/2012 - 10:25 | 2361056 LowProfile
LowProfile's picture

I hope you understand that if that event happens, you're going to be shooting someone who's begging for food in the street.

Fri, 04/20/2012 - 10:40 | 2361122 Agent P
Agent P's picture

NEVER shoot a beggar in the street.

ALWAYS shoot a robber in your home.

Clear?

Fri, 04/20/2012 - 10:49 | 2361151 DaveyJones
DaveyJones's picture

you mean when the banker comes with the refi paperwork?

Fri, 04/20/2012 - 11:04 | 2361202 Agent P
Agent P's picture

O Brother Where Art Thou..."You men from the bank?"

Fri, 04/20/2012 - 10:59 | 2361183 Bastiat
Bastiat's picture

No need to shoot someone who's begging: either give 'em a buck or walk by.

Fri, 04/20/2012 - 12:24 | 2361436 bankruptcylawyer
bankruptcylawyer's picture

1 man begging on a corner is not 10,000 men begging in the center of your city square.

If there can be no resolution to help people provide themselves a means of obtaining housing, or providing the housing directly, 10,000 people will make your public space for daily usage...into their housing. And if it goes on long enough you get tent cities in your city. When the cops shove people or arrest them at gunpoint for 'occupying'
You can fawn innocence all you want----those cops' guns pointed at homeless poor people are filled with taxpayer purchsed ammunition.

Fri, 04/20/2012 - 12:53 | 2361529 FeralSerf
FeralSerf's picture

No one remembers 1789 anymore.

Fri, 04/20/2012 - 15:14 | 2362057 mick_richfield
mick_richfield's picture

Oh, I do!

Mutiny on HMS Bounty, storming the Bastille, and... I think that was the year that John Norvell was born.  He became one of our first senators from Michigan, after statehood.  Although he wasn't born here.  I recall being upset about that, although now that seems pointless.

Oh, and I think they started the Thanksgiving holiday in '89. Or maybe that was in '90.

Fri, 04/20/2012 - 20:13 | 2362794 Acorn10012
Acorn10012's picture

Mmmmmmmmmmmmmmmm...KFC and candy bars.

Fri, 04/20/2012 - 12:50 | 2361513 blunderdog
blunderdog's picture

We've been waiting a long while for the USian fascists to actually pick up weapons.

Most of 'em are all talk, but it doesn't take many.  Should be interesting to see how that shakes out.

Fri, 04/20/2012 - 10:54 | 2361165 Vendetta
Vendetta's picture

but the bankers who are living on govt welfare keeping their various businesses from collapse get a pass.  Good thinking there.

Fri, 04/20/2012 - 20:19 | 2362803 Acorn10012
Acorn10012's picture

Two wrongs make a right? Let's start cutting back on the hand-outs for everyone. Lay-abouts, oilmen, bankers, laywers, politicians, you, me, etc.

Fri, 04/20/2012 - 12:13 | 2361404 waterhorse
waterhorse's picture

What lowlifes are you talking about?  If you are talking about the corporate-welfare recipient parasite bankster class, lobbyists, captured "regulators" and crony politicians, let the eliminations begin.

Fri, 04/20/2012 - 10:09 | 2360985 Sk84life
Sk84life's picture

Like that lady in the news recently.  She won 700K in the lottrey, and was still using her EBT card.  She thought it was OK because she did not have a job!!!!  WTF!!!!

Fri, 04/20/2012 - 10:35 | 2361090 oddjob
oddjob's picture

Hundreds of thousands of snivel servants don't work either, but they still get paid a helluva lot more plus bennys.

Fri, 04/20/2012 - 10:38 | 2361104 AldousHuxley
AldousHuxley's picture

She is just getting ready to her eventual destiny.

many lottery winners go bankrupt because they spend it all.

pay debt, buy their dream cars and homes without realizing upkeep costs, pay taxes, overgenerous donations to family & friends & charity, lawyers when you get sued by same friends & family, then boom you are broke again.

 

 

 

 

Fri, 04/20/2012 - 10:29 | 2361071 ebworthen
ebworthen's picture

I used to think it was a disgrace, but after seeing Wall Street and Banksters and Washington steal, waste, and send money to their cronies and European banks it is hard to make the argument to bust your ass for them.

Fri, 04/20/2012 - 10:32 | 2361084 krispkritter
krispkritter's picture

About 1:00 "Its an EBT, it's not foodstamps...". Yeah, right. I was in the same boat as you in the 70's until my Mother got her degree and a better job. I used to envy the people in line with mounds of meat and cookies using food stamps and saving the cash for cigarettes and soda. We were barely scraping by and qualified for only quarterly cans and cheese handouts because child support put us over some limit. Not sure but either a bunch of people were lying on applications or there was a racial bias as most of my black friends had plenty of foodstamps and their parents both had jobs. My Mother wasn't about to lie to get something even though she is very Liberal in her beliefs. Odd enough, she was running an organization on the side at that time, doing home and job placement for Vietnamese refugees. The families we sponsored all did very well in this country as surgeons or business owners and always knew how hard she worked to make ends meet. To this day they'll drop whatever they are doing to accomodate her during a visit. Those people are worlds apart from the guy in the video above...

Fri, 04/20/2012 - 11:01 | 2361193 Bastiat
Bastiat's picture

Makes me think of the movie: Gran Torino.  Recommend it if you haven't seen it.

Fri, 04/20/2012 - 11:25 | 2361275 krispkritter
krispkritter's picture

Yeah it does. I got to see that awhile back, thought it was a good flick.

Fri, 04/20/2012 - 10:24 | 2361049 Floordawg
Floordawg's picture

I see people using these cards every single time I purchase groceries in NYC. No exaggeration... Every-single-time.

I wonder if all 700,000 are here in the 5 boroughs? It sure seems like it.

Fri, 04/20/2012 - 13:01 | 2361548 FeralSerf
FeralSerf's picture

This article is about the extended unemployment benefits expiring.  The food stamp program is a different animal, but in many states benefits are distributed similarly on EBT cards.  It's administratively much cheaper (or should be) that way and the beloved banksters also get their cut.  A very large number of Americans qualify for the food stamp program now.  Food stamps were and still are an agricultural subsidy program.  ADM and their ilk are the biggest beneficiaries.

http://www.ssa.gov/pubs/10101.html

Fri, 04/20/2012 - 09:49 | 2360888 Dr. Engali
Dr. Engali's picture

Good more of those pesky "workers" dropping out of the labor force just in time to bring the unemployment numbers down before the election.

Fri, 04/20/2012 - 09:49 | 2360892 ohhhhhbaaaaahhh...
ohhhhhbaaaaahhhhhhhhhmaaaaaahhhhh's picture

EBT, EBT... i Just swipe my EBT! 

 

 

I wish i had EBT. Living free like the young black man. 

Fri, 04/20/2012 - 09:51 | 2360901 SheepDog-One
SheepDog-One's picture

Yeah but you cant buy yo weed or Hopium with it though.

Fri, 04/20/2012 - 09:58 | 2360923 BandGap
BandGap's picture

It is a mistake to think that. 

Fri, 04/20/2012 - 10:05 | 2360953 WonderDawg
WonderDawg's picture

The EBT black market is alive and well in the hood.

Fri, 04/20/2012 - 10:13 | 2360998 Normalcy Bias
Normalcy Bias's picture

EBT Cards Used at Liquor Stores, Strip Clubs, Dog Track...

http://www.nbc-2.com/story/15478933/investigators-ebt-transactions

Fri, 04/20/2012 - 10:50 | 2361160 DaveyJones
DaveyJones's picture

...political donations

Fri, 04/20/2012 - 10:11 | 2360989 jus_lite_reading
jus_lite_reading's picture

But you can get some five finger discounted Skittles and trade them for a bag or two...

Fri, 04/20/2012 - 11:16 | 2361245 trembo slice
Fri, 04/20/2012 - 10:56 | 2361172 Vendetta
Vendetta's picture

yep.  I wish you were eligible for one too and live the life of luxury these souls are

Fri, 04/20/2012 - 13:17 | 2361607 blunderdog
blunderdog's picture

It's not HARD to quit working, get evicted/foreclosed, and go down to the welfare office for some bennies.  I could never understand why the people who are so jealous of the EBT users don't just do it. 

Then I realized: it's a lie.  No one is jealous of the EBT folks, they just can't come to terms with their own problems, so it's nice to have a relatively powerless scapegoat to blame for everything.

See the comments about how great it's going to be when the posters here get to start shooting people. 

Fri, 04/20/2012 - 20:21 | 2362814 Acorn10012
Acorn10012's picture

Tell it, Che V !!!!!!

Probably some white boys livin free as well...just sayin.

Fri, 04/20/2012 - 09:50 | 2360897 Jason T
Jason T's picture

you did it.. i was thinking you would put in that youtube video.. classic for a friday laugh.  thanks!

Chips??? What??

Fri, 04/20/2012 - 09:51 | 2360898 SheepDog-One
SheepDog-One's picture

By August 700,000 will lose their EBT free food, if you can even call it food...LOL good luck ObaMao, I dont think those people give a rats ass about a stock market. 

Fri, 04/20/2012 - 09:52 | 2360904 Zgangsta
Zgangsta's picture

We're assuming that none of those 700,000 people will find new jobs?

Fri, 04/20/2012 - 09:54 | 2360908 SheepDog-One
SheepDog-One's picture

Do any of those people look like they ever did have a job? 

Fri, 04/20/2012 - 10:05 | 2360959 manhunter
manhunter's picture

If they qualified for the benefit, they had a job.

Fri, 04/20/2012 - 10:19 | 2361016 SheepDog-One
SheepDog-One's picture

No, they could get the card from their 'head of household' in fact. 

Fri, 04/20/2012 - 09:54 | 2360915 Dr. Engali
Dr. Engali's picture

You're assuming they will even bother looking and not just move onto the next government program.

Fri, 04/20/2012 - 12:23 | 2361435 Sauk Leader
Fri, 04/20/2012 - 10:24 | 2361047 toady
toady's picture

Yes.

Fri, 04/20/2012 - 09:54 | 2360911 SimpleandConfused
SimpleandConfused's picture

Good forecast in theory.  In reality, 1/1/13 will come and nothing will have changed.  This topic won't even show up on ZH but will be replaced with articles about other events that foresee the end.

Benifits will be extended or transferred to another program.  Nobody is going to lose a single benefit no matter who wins the election.

That's my bet.  People in power want to stay in power.  They will print and hand it out as needed to achieve that end. 

By the way, I notice gas prices have started to fall.  Inflation is probably where the chairman wants it, so get ready for even more public assistance.

I have called for a gasoline "SNAP" style card and now I call for an "Apple" card that consumers can use to purchase whatever form of iCrap they want.  This will ensure the status quo for those in office so look for it to happen.

Fri, 04/20/2012 - 09:55 | 2360914 SheepDog-One
SheepDog-One's picture

Youve got a good name anyway.

Fri, 04/20/2012 - 10:05 | 2360958 SimpleandConfused
SimpleandConfused's picture

I am self aware.

But tell you what SheepDog, save this article and come back early January 2013 and see if I'm wrong.  I hope I'm wrong about gas cards and Apple cards, but I know that with the ability to buy elections and corporations considered to be individuals, there is no way TPTB are going to let Joe and Jane six pack go without food, gas and entertainment.  The big companies will not tolerate it and they own the asses sitting in congress.

I'm guessing DOW 17K+ and S&P 1800+ NAS 3000+ come 2013.  Lots of LSAP and probably outright securities and govt debt purchases by the fed; the law be damned.

And by the way; Obama wins big.

Fri, 04/20/2012 - 10:09 | 2360975 BandGap
BandGap's picture

Maybe yes, maybe no. At some point this whole ball of shit has to collapse. It is inevitable.

Obama loses by 12 points 56-44.

Fri, 04/20/2012 - 10:31 | 2361069 brewing
brewing's picture

disclaimer: i'm not voting for either "two party" candidate.  Obama wins a close one.  he has all the turd voters behind him.  women, minorities, unions, people who won't vote republican, ebter's.  no chance he gets beat.  timestamp my post...

Fri, 04/20/2012 - 11:01 | 2361185 Almost Solvent
Almost Solvent's picture

Exactly. Mittens (and the GOP) has a huge hole to fill with Latino/Hispanic group, and they will be overtaking whites in many southern states by 2016 (next presidential election).

 

The GOP needs to get right with the Latino/Hispanics or they will be surprised by the results in 2016.

Marco Rubio WILL be the VP running mate for Mittens. Book it!

Fri, 04/20/2012 - 11:17 | 2361256 j0nx
j0nx's picture

Allen West would be a better pick. The blacks don't know who he is or care. They just see a black face and vote for him if they aren't happy with Obama for whatever reason. True conservatives LOVE Allen West and imo would cause a lot of conservatives who plan to sit at home on election day (me) to actually come out and vote. Even though I have no illusions that voting actually does anything any more or that Diebold doesn't decide who wins anyway. At least it would get me off the couch. A Romney/Rubio ticket certainly would not get me to the polls.

Fri, 04/20/2012 - 11:25 | 2361278 brewing
brewing's picture

he has the uncle tom syndrome and has a very polarizing view on issues.  doesn't have a chance of being vp...

Fri, 04/20/2012 - 14:35 | 2361950 j0nx
j0nx's picture

As I said: TRUE conservatives love him. If you think he has polarizing views then it probably means you are a RINO or a liberal. Romney's big detractor right now is that TRUE conservatives think he is a RINO who has no interest in conservative values or ideals. Allen West would help him on that front and on the minority front.

Fri, 04/20/2012 - 14:59 | 2362021 brewing
brewing's picture

i'm a political athiest but most closely resemble a libertarian, if you must know.  since you're a TRUE conservative, i understand your position.  i happen to feel that west does not appeal to a mojority of his own.

Fri, 04/20/2012 - 10:45 | 2361135 Lednbrass
Lednbrass's picture

Not so sure about that, the only places Romney gets any real support is where he can never win anyhow. I think a fair chunk of the right in the south and non coastal west wont vote for Mittens under any circumstances, the "lesser evils" strategy has been played for too long and worn too thin.

I think that gutless little weasel will get even less votes than Juan McLame did, we will see.

Fri, 04/20/2012 - 11:57 | 2361364 wisefool
wisefool's picture

+1. As was shown over and over again on the county maps during the primary coverage. In nearly every state, Romney only won urban, and dense suburban areas, which in the general will always go for D candidate. The $5 per visit, "we dont need your ID, you look great for being 146 years old ... Mrs. Smith/Gonzolas" D-machine voters always win.

J6P lower middle class swing rural voter is not going waste the gas money to drive to the polls to vote for a guy who pays a lower tax rate than they do. (romney or obama)

Fri, 04/20/2012 - 10:21 | 2361038 Agent P
Agent P's picture

Why are you bearish on the NAS...current quote 3026.

Fri, 04/20/2012 - 10:23 | 2361045 jus_lite_reading
jus_lite_reading's picture

You are correct. The gubmint knows that if all the free assistance stopped flowing, there would be riots in the streets that make LA riots of the 90's look like a school fight and that would not be good for those in power. So what do they do? They create a new program to pacify these people at the cost of those who actully work!!

I think that besides major class warfare coming down the raod, we will see other social unrest as the middle class bares ALL OF THE BURDEN.

GAME OVER...

Fri, 04/20/2012 - 10:29 | 2361063 SheepDog-One
SheepDog-One's picture

Well people seem to be missing the point that it is part of the PLAN to have 'social upheahal and unrest', when they want it to happen. Sheesh wake up people, seriously.

Fri, 04/20/2012 - 15:19 | 2362079 Walter E Kurtz
Walter E Kurtz's picture

You're right SD1.  TPTB didn't pass the NDAA and executive orders for nothing.  When soldiers and tanks are in the streets of America, it will be because that was the plan all along.

Fri, 04/20/2012 - 10:58 | 2361186 Vendetta
Vendetta's picture

generally those people move to some location where they can just live and warm their hands by 55 gallon drum with a fire in it, its the bankers who will riot if they don't get their bailout money...they riot by driving the exchanges down and have some pension funds disintegrate .. just to get their point across

Fri, 04/20/2012 - 09:55 | 2360917 youngman
youngman's picture

only 700,000...its a start...it should be millions...look at the stats for food stamps and DISABILITY PAY.....the "people" are playing this game perfectly...we need to take the food away from the bird feeder so the "people" can learn how to work again....

Fri, 04/20/2012 - 10:09 | 2360977 manhunter
manhunter's picture

You think taking food away from a cripple will teach him to walk? Why not repo their wheelchairs too? You are a real humanitarian; now just don't ever get sick.

Fri, 04/20/2012 - 10:13 | 2361005 youngman
youngman's picture

I am a humanitarian....but 80% of the people on these programs are scum...liars ..and thiefs....they do not deserve what they are abusing...hundreds of videos on YouTube to prove me right...or just go to a local WalMart to prove it to yourself...sometimes you have to be tough for people to LEARN.....and it is time they LEARN...

Fri, 04/20/2012 - 10:19 | 2361024 manhunter
manhunter's picture

Nice outlook, calling people scum. I'm sure those people are getting rich riding around in wheelchairs, sitting around packed welfare doctors offices and faking blindness. I've been to wal-mart, what should I be looking for, the checkout aisle labeled 'welfare fraud'? Or is that some veiled racial remark? Being poor sucks, having people like you spit at them probably doesn't help.

Hope you never get sick, and no one ever gets tough on you.

Fri, 04/20/2012 - 11:33 | 2361311 LFMayor
LFMayor's picture

That was an awesome idea to repo the "pity scooters"!   See, you have the potential within you, you're just conditioned not to accept it.

After the fiat collapse, come see me, I think we can train you up nicely ;)

Fri, 04/20/2012 - 14:26 | 2361917 smiler03
smiler03's picture

"Hope you never get sick, and no one ever gets tough on you."

Actually I hope for the opposite. I hope he gets very sick, homeless, hungry and spat at. Justice ;o)

Fri, 04/20/2012 - 10:29 | 2361064 Hohum
Hohum's picture

How did you arrive at 80%?  Glad to see someone's thinking about it, though.

Fri, 04/20/2012 - 10:47 | 2361146 dwayne elizando
dwayne elizando's picture

I have relatives who play the disabled game. I'd say closer to 50% are just scamming the system. There is a whole sub-culture built up around working the system.

Fri, 04/20/2012 - 12:00 | 2361375 Yen Cross
Yen Cross's picture

 You forgot the non tax paying, double dipping , GSA workers!

Fri, 04/20/2012 - 10:19 | 2361025 SheepDog-One
SheepDog-One's picture

Nothing 'humanitarian' about stealing from me so another can prosper.

Fri, 04/20/2012 - 13:25 | 2361645 FeralSerf
FeralSerf's picture

It's hard for me to understand how these unemployed people are "prospering".  In my small town, a new Little Ceaser's Pizza was recently opened and advertized for two minimum wage "positions".  There were over 200 applicants -- I saw the queue around the block for the two jobs.  The people in line were clean and neatly dressed and groomed (haircuts and shaves).

The ones that seem to be prospering at our expense are generals and other federal employees, and finance and insurance mid and higher level staff.

Fri, 04/20/2012 - 10:40 | 2361107 riphowardkatz
riphowardkatz's picture

only a statist would think government is the only answer to problems of disability. billions and billions and billions are donated to charity every year. Jerry Lewis jackass!

Fri, 04/20/2012 - 10:26 | 2361059 MachoMan
MachoMan's picture

But yet people are too stupid to understand they can't afford their mortgage payments or that the price of houses might go down...  right....

The nobles aren't the only ones who milk the shit out of the system...  granted, it's designed for them to do a more efficient job of it, but the plebs get their cut too.  Unfortunately, the free lunch is but a myth.

Fri, 04/20/2012 - 10:28 | 2361066 ElvisDog
ElvisDog's picture

Disability chaps my hide more than food stamps. Everyone I know (not many I admit) who is on disability is not to my mind really disabled. They seem to walk around and be able to function pretty normally. Usually it's things that can't be medically confirmed like unspecified back pain or "difficulty walking" (because they're really fat).

Fri, 04/20/2012 - 09:55 | 2360918 carbonmutant
carbonmutant's picture

Short Walmart...

Fri, 04/20/2012 - 10:03 | 2360949 GetZeeGold
GetZeeGold's picture

 

 

Short JPM...

Fri, 04/20/2012 - 09:56 | 2360919 LawsofPhysics
LawsofPhysics's picture

FEMA camps already in place.  not a problem, move along.

Fri, 04/20/2012 - 10:20 | 2361032 wisefool
wisefool's picture

We hem and haw, but this is actually a realistic scenario by choice and there would be a potential cost benefit. This all comes down to exponential workforce participation over the last 50 years with incredible advances in technology.

  • nearly all women work or want to work. 60% of college graduates are women
  • formerly small business type people all double dipping, usually with a government job.
  • the tripple dippers which are the retirees of one agency--often politicians which can get full pensions after one term-- on "disability" from another, cash side business, and "consulting"
  • the actual labor intensive jobs are now largely automated. Manufacturing and especially agriculture as pointed out on zerohedge recently. 60 minutes did a show on warren buffets son on his tractor, he literally said "its an easy job, it drives itself"

So what should we have people do to keep them off the streets? we already built way too many homes, and can build them now with modern materials and powertools with 1/3 the labor. So we got .....

  • Bankers
  • Lawyers
  • RE Agents
  • Tax Collectors
  • NGOs "charities" that spend tax money or tax avoidance money
  • The entitlement class

That is 6 people off the streets, but a FEMA camp could probably do it cheaper. half snarc. half scared to death.

Fri, 04/20/2012 - 10:22 | 2361034 SheepDog-One
SheepDog-One's picture

Yep, exactly. All these 'tards think it just goes on forever, all the freebies and extending to pretend another day will see reality when theyre in forced labor camps. 

Fri, 04/20/2012 - 09:57 | 2360925 jus_lite_reading
Fri, 04/20/2012 - 10:35 | 2361080 BlackholeDivestment
BlackholeDivestment's picture

...luck of the Irish. See what many shots of good Irish Whiskey will do. Lol. You can get beaten and robbed by a bunch of evil racists pigs, lol, and not know it. LMAO. http://www.youtube.com/watch?v=zXt56MB-3vc&ob=av2n 

Fri, 04/20/2012 - 10:00 | 2360938 tocointhephrase
tocointhephrase's picture

Sell MCD???

Fri, 04/20/2012 - 10:07 | 2360961 jus_lite_reading
jus_lite_reading's picture

Very astute of you...

Also, NIKE, WMT, LVMH

Fri, 04/20/2012 - 10:22 | 2361036 tocointhephrase
tocointhephrase's picture

Thank you!

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