Millions of Americans Are Heading to Foodbanks for the First Time in Their Lives

I don't understand. The math is really quite simple. Before the trading day opens for 2011, let's recap 2010.
stats from real time US debt At about 2:00 pm Sunday
US Gross debt to GDP reached a staggering 95 percent. Before January closes, I see 100 percent. It is running away like a rabbit.
US National Debt 13.9+ trillion. No wonder Obama wants to raise the ceiling.Playing chicken
US Gross Debt 55.5 Trillion My God.
44.6 million on food stamps.
Foreclosures for 2010- 1,058,000+
Bankruptcies- 1.615,000 plus.
This is the shape of the World Superpower/world reserve currency.
I am no Physic, But I would say THE UNITED STATES IS BANKRUPT.
There is no way the US can keep their obligations. 110 million taxpayers can't bail out 310 million people
and the few elite that pull the strings. Absolutely not. YOU think China won't recupe their losses???
Once again fiscal irresponsibility brings a once great nation to its knees and the rest of the world with it.

When are you people gonna get PISSED OFF???????? When there is 50, 60 million in the food bank Line.
WHEN????????????
178.000 dollars per citizen total debt.
680,000 per family total debt.
Are you people waiting for a nice manageable number?? 200,000 per citizen, maybe 3/4 of a mill per family.
It is only a matter of time,short time. Once the oil currency changes, the final countdown will begin.
Martial Law is a pin prick in time away. The Math is the math. LOOKS like every American citizen is going to be complacent and sign a death pledge for the next 3 or 4 generations. Where is a shepherd when you need one.
Mister

reply to post by Mister1k

The chairman of the White House Council of Economic Advisers, Austan Goolsbee, says that refusing to raise the debt ceiling would push the country into default - and a far greater economic crisis than Americans saw in 2008.

apnews.myway.com...

It sounds like this guy is saying that we NEED to raise the debt limit to pay our debt...we need to borrow money just to cover our bills. If a household was running like that, ya, it would be bankrupt....not sure why they aren't considering the gov't bankrupt if this is true.

Originally posted by soficrow

SAMPLE BUDGET ............ Month .................... Year
Rent or mortgage ................ $1,200.00 .............. $ 14,400.00
Utilities ............................. 300.00 .............. 3,600.00
Minimum Charge Card Pmts. 500.00 ............... 6,000.00

TOTAL ............................................................ $ 24,000.00

So let's play - where ya gonna cut $2000. - never mind find money for food?

Let's not forget $200 to $500 per month for health insurance.

Car expenses or lease $200 to $300 per month

Incidentals such as Co-pay's for medical, prescription meds, clothes, another $200 a month

Tack on another 5 to 6 thousand

reply to post by Mister1k


Are you trying to make it sound sweeter that it actually is?

You left out 14 Million Officially Unemployed, but the Gov keeps changing the meaning of the word Unemployed. So the real figure could be anywhere from 35-50 Million depending how you slice up the Numbers.

Then there's the Homeless, Pensioners and Medicare

And then you have all the Wall Street bankers sitting in their Mansions counting their Tax Payer Funded Bonus while smoking Cubans and enjoying a nice glass of Claret.

reply to post by skeptic_al


here is the numbers I see
official unemployed 15.4 million
actual unemployed 26.2 million.
maybe we should add them together.
Kinda makes you wonder where the 44 million on food stamps are working.
Mister

Originally posted by dawnstar
reply to post by Mister1k

 

The chairman of the White House Council of Economic Advisers, Austan Goolsbee, says that refusing to raise the debt ceiling would push the country into default - and a far greater economic crisis than Americans saw in 2008.

apnews.myway.com...

It sounds like this guy is saying that we NEED to raise the debt limit to pay our debt...we need to borrow money just to cover our bills. If a household was running like that, ya, it would be bankrupt....not sure why they aren't considering the gov't bankrupt if this is true.

I think what he's trying to say is:
If your credit card has a Limit of 5,000 Pesos and you are reaching that amount you need to raise your limit to 10,000 Pesos or be declared Bankrupt because you can't pay it back. And once to near 10,000 Pesos, raise to 20,000 Pesos. And repeat until you reach Infinity, of course you will never get to Infinity, so therefore you will never be Bankrupt.

This is basically how wall street worked, and it worked a Treat for them. Just good solid sound Financial advice.

SAMPLE BUDGET ............ Month .................... Year
Rent or mortgage ................ $1,200.00 .............. $ 14,400.00
Utilities ............................. 300.00 .............. 3,600.00
Minimum Charge Card Pmts. 500.00 ............... 6,000.00

TOTAL ............................................................ $ 24,000.00

While I'd cut out the charge card pmts. (If I can't afford it, I don't get it), but there's a lot missing here....

Car Payment (times 2 if both of you work, most likely)
Car Insurance, Gas, Maintenance (see above, may be times 2)
Home Maintenance (if mortgage, not rent)
Medical Insurance
Clothing (especially with growing children)
Food (of course)
Student Loans (more likely than not, you'll have these still)

I have to tell you, my rent is about half of that (got real lucky) and I have no kids in the household, and with just me and the wife, I couldn't exist on that...let alone LIVE.

reply to post by Realtruth


Children add to the monthly budget as well. Lets tack on school clothes, shoes, supplies, book fees, lunch money, field trips(which aren't mandatory but who wants to be the parent says no?), sports/after school activities and that is just for bigger kids. Smaller kids have expenses too, diapers, wipes, formula, babysitter (which can be crazy expensive depending on where you live), clothes etc. If you have more than one child you can double all of that.

Originally posted by Mister1k
reply to post by skeptic_al

 

here is the numbers I see
official unemployed 15.4 million
actual unemployed 26.2 million.
maybe we should add them together.
Kinda makes you wonder where the 44 million on food stamps are working.
Mister

If you are Homeless or Unemployed you would be better going one of FEMA's Concentration, I mean Detention, I mean Residential Centers. Don't matter what you call them, they don't exist anyway. But if they did exist, you would have a roof over your head and get fed daily. Just don't go into the Shower Blocks.

reply to post by Gazrok


totaly agree. Plus $150-$200 a month for gas and that's being frugal.
for 3 kids its about $125 a month just for school lunch. Yes we pack their lunches when we can, but with the cost of groceries being so high it is not easy to beat a little over $2 for a kids lunch.
At least $100 per person for groceries a month no matter how old they are.
Dont get me started about the cost for a phone, internet, and tv.

I believe the reason middle class are needing food help is because when the housing market skyrocketed they bought homes they damn well knew they could nto afford in 5 years when the balloon payment was due. The foreign loan shark gave them the loan without checking if they could afford the loan. In return the foreign loan sharks sold back those bad loans to american banks, which the american banks did not screen those bad loans before they bought them. Hence the great bank meltdown happened. And know peopel in loans they should never had taken are suffering due to ( i cant find a better way of saying this) stupidity and greed of wanting more then they can afford. I for one did nto fall prey to the market hype, I waited until I found a home I knew I could until I pay off. I did nto buy a hughe nearly mansion style home, I bought a relatively small 1280 square foot used home. I can afford this. just for the record during the real estate hype I earned my real estate liscense. When i started working in real estate I quite after 2 months without closing any deals because I saw people getting loans they could not afford adn was not going to be part of their downfall. I went into property management. I tried to stop a few people during that time who sold smaller homes to buy large homes. All the people see is bigger more more more. and what made matters worse, when they sold their older home they used liitle to nothing to get into their new humongous home and with the extra cash bought new cars, tv`s off road vehicles, new furniture adn appliances. They waisted their money.
Then the same fools feel into the 2nd loan trap. A friend of mine is a perfect example of what happen, him and wife sold older home bought a larger home and all new things from inside home to outside fun. 2 years later their banks started sending them checks for $10,000 on the equity they had gained still in the housing hype, every 6 months or so until they gained another $100,000 in housing debt. know the home is worth $70,000 and between the differnet loans they owe over $350,000. or the records it was the middle east who caused our economic downfall, Whose fault is this? the man and woman who are greedy for more more more that is who. Know these people are in the food lines because their more more more has run out.
For the records pre 9-11 sadam huessein had called economic warfare on america right after reagan turned his back on iraq and there are other middle eastern countrys who backed him and helped him.

reply to post by LordBaskettIV

You are forgetting the 20-30% in yearly taxes that government takes from that $24,000 figure....

Actually the amount stolen by the looters is more like 80% or more.

The last time (1991) I figured out how much I was paying in visible taxes – State, Federal, property, Social Security, medicare, sales and gasoline - it came out to 64.4% of my wages. This is collaborated by this quote:

According to an article in The New Republic of Dec. 2, 1991, in 1948, a married couple with median income and two children, paid only 2% in state, federal, and Social Security taxes. In 1999, Social Security was 15.3%, plus 2.9% for Medicare, out of the first $62,700 in wages, or $11,411.40, and then perhaps 30% in federal taxes…if you were lucky.... www.gold-eagle.com...

NOTE: You are actually paying 30.6% for Social Security and 5.8% for Medicare because the corporations consider it part of your wages and the self-employed like me actually get stuck paying it. That plus a federal tax of 30% gives 66.4% in Federal taxes before you add in state, local and property taxes!


Then there are the invisible taxes on everything we buy. This is the hidden tax that is so difficult to figure out.

"A third of the cost of a gallon of gas is tax, half the cost of a pack of cigarettes and last I checked (20 years ago), there were 109 different taxes on a loaf of bread before you paid sales tax on the loaf and carried it home.' - JB Williams

"If people need any more concrete explanation of this, start with the staff of life, a loaf of bread. The simplest thing; the poorest man must have it. Well, there are 151 taxes now in the price of a loaf of bread — it accounts for more than half the cost of a loaf of bread. It begins with the first tax, on the farmer that raised the wheat..." - President Ronald Reagan

Depending on how you do the calculations you can get anywhere from 30% and up on that loaf of bread. I noticed that no one ever bothers to include Monsanto who sold the seed, or John Deere who sold the tractor and implements or the grain elevators where the grain is stored, or the grain traders who bought the wheat and sold it to the milling company, or all the tax on the hauling companies that moved the seed and grain and the farmers equipment around. Or the mining company or the steel foundry... gets real complicated doesn't it

And of course the Bankers are there every step of the way swapping their worthless "Fiat Fairy Dust" printed out of thin air for your ingenuity, resources and labor otherwise known as real wealth.

If you want to know just how much wealth the Bankers have stolen consider this

In 1976 A typical American CEO earned 36 times as much as the average worker. By 2008 the average CEO pay increased to 369 times that of the average worker. timelines.ws...

The CEO has no loss in his buying power but the bankers stole yours.

If you want to see a return to prosperity and the abolishment of poverty then get rid of the looters and thieves, otherwise know as the Central Bankers, who have been siphoning off most of the wealth of the world's civilizations for generations! The real enemy is not "Capitalism" the real enemy is the bankers.

Return to Sound Money

The first step must be a radical and unconditional abandonment of any further inflation.

The total amount of dollar bills, whatever their name or legal characteristic may be, must not be increased by further issuance. No bank must be permitted to expand the total amount of its deposits subject to check or the balance of such deposits of any individual customer, be he a private citizen or the U.S. Treasury, otherwise than by receiving cash deposits in legal-tender banknotes from the public or by receiving a check payable by another domestic bank subject to the same limitations.

This means a rigid 100 percent reserve for all future deposits; that is, all deposits not already in existence on the first day of the reform (p. 448).

In Human Action, Mises said that the government's task is to enforce contracts.

Among these contracts are contracts for redeeming money-certificates for money metals on demand. He defined a money-certificate a receipt for a money metal that has 100% of the promised metal in reserve. He said that banks should not be favored by the government. They should not be allowed the right to break contracts, which is what a refusal to redeem money-certificates on demand is.

"What is needed to prevent any further credit expansion is to place the banking business under the general rules of commercial and civil laws compelling every individual to fulfill all obligations in full compliance with the terms of the contract"

In fact, the attempt by modern governments to regulate in any way an international gold standard is always a political ruse to undermine its anti-inflationary bias. "The international gold standard works without any action on the part of governments. It is effective real cooperation of all members of the world-embracing market community. . . . What governments call international monetary cooperation is concerted action for the sake of credit expansion"

"Now, the gold standard is not a game, but a social institution. Its working does not depend on the preparedness of any people to observe arbitrary rules. It is controlled by the operation of inexorable economic law" (p. 462).

reply to post by die_another_day

This doesn't even happen in places like China because people know how to save their money.

Rice and meat are more expensive there than here, and we actually earn ten times more than them.

How do they manage not to starve?

Where the heck did you ever get that piece of propaganda!

They do not have the homeless problem Western Society has because they have Labor Camps. Do you think all those young healthy kids hanging around in western cities would be tolerated in China? Of course not. They would be rounded up and put to work.

It was done here in the USA when I was a child. Homeless were rounded up. The criminals sent to jail, the mentally ill sent to institutions and the rest to county homes/farms. Those able to work, worked on the farm and helped supply food and money to run the farm. Those unable to work had a roof over their head and three squares and medical care. Mom and I used to visit our local home once a week when Mom gave Art lessons.

So what happened? The SOCIALISTS decided this system infringed on peoples rights and dismantled it in the 60's and 70's!

Zoning laws are used to make sure churches can not give shelter. In Fitchburg MA, a group of churches and others set up an unused warehouse as a shelter during a very nasty winter. The town shut it down and tossed the people back out on the streets where they died. (I lived in the town at the time)

Here are a few stories on the forced labor (slave) camps in China:
www.time.com...
www.anti-slaverysociety.addr.com...
www.upholdjustice.org...

You can google if you want more.

reply to post by Blaine91555

...It worked very well in fact and gave us the lifestyle many are missing now. The more power the Progressives have, the more people suffer. History does repeat, over and over again. Only a Free Market, Capitalism, limited Government and a productive workforce can enjoy what we are loosing under this new Progressive agenda....

The Socialists and Progressives are only ignorant tools. If they ever get what they think they want, they will find it is more Hades then Heaven thanks to "purges" of intellectuals.

In China The old technical intelligentsia, remaining from prerevolutionary days, was liquidated in the great purges...

In Cambodia in just four years, Pol Pot’s brutal regime almost managed to wipe out centuries of Cambodian arts. From 1975 to 1979, he led a genocide that nearly obliterated the intelligentsia, with his Khmer Rouge killing off an estimated 90 percent of the country’s artists.

In the USSR ThePurge of Soviet Culture

On August 14, 1946, the Central Committee of the Communist Party of the USSR adopted a resolution officially condemning the line of the Leningrad literary periodicals, Zvezda and Leningrad. Thus began the postwar purge of the intellectuals, a purge which in the space of three years has embraced all the natural and social sciences, as well as all fields of art and ideology

Ask yourself: WHY was John Dewey allowed to dumb down American education to produce good little socialists. Why do our colleges and Universities have professors who are very close to traitors in their denunciation of the USA. Note how we never have declared wars so they can never be brought up on charges. Why is most of the news media so Left Leaning?

I will give you a hint:

U.S. Congressional Record February 9, 1917: J.P. Morgan interests bought 25 of America's leading newspapers, and inserted their own editors, in order to control the media. www.mindfully.org...

JP Morgan: Our next big media player? (April 13, 2010) JP Morgan controls 54 U.S. daily newspapers,and owns 31 television stations.

Media Conglomerates, Mergers, Concentration of Ownership: www.globalissues.org...


These people are Master Strategists. They cloak there evil intent in Do-gooder touchy-feely stuff to get you to think with your hearts and not your heads. Socialism is tailor made for their purposes and they have used it to good effect for generations.

Later evidence indicates that the bankrolling of the Bolsheviks was handled by a syndicate of international bankers, which in addition to the Schiff-Warburg clique, included Morgan and Rockefeller interests.

WHY do we have wars? Wars cost LOTS of money. Unless a war ends in the defeat and occupation of the enemies' land it is a big waste of money and resources for both countries. A real lose lose proposition! SO WHO wins every time there is a war??? The bankers of course who lend BOTH sides "Fiat Fairy Dust" and collect wealth, that is labor, resources and products, in return.

So now you know why they set up the USSR and have promoted lots of wars all the way back into antiquity.

Here is an example of one of their strategies at work.

Federal Reserve Act of 1913

...They took the bill back for it was just a minor setback, they scrambled the paragraphs around a little bit, took Aldrich's name off real fast and they found a couple of Democrats to sponsor the bill. This was different. Everybody knew that the Republicans represented big business but they also knew that Democrats represented the common man, the little guy, the fellow on the assembly line (like Ted Kennedy). They found a couple of millionaire Democrats to sponsor the bill. They found Carter Glass in the House and Senator Robert Owen who himself was a banker. Now it was the Glass-Owen bill and it was totally different and acceptable.

The next thing, Aldrich and Vanderlip began to give speeches and interviews to newspaper reporters condemning the bill. They said: "This bill will be ruinous to banking. It will be terrible for the country." By the time the common man read that in his newspaper he said: "Oh golly, I guess these big bankers don't like the bill very much so it must be pretty good."

These fellows were not stupid. You have to give them credit. They didn't get to be where they were by being country bumpkins. They understood politics, they understood mass psychology and they played their cards exceedingly well. Meanwhile these same individuals out of their own pockets were paying the price for the costs of bringing up what they called grassroots study clubs all over the country. They sponsored these clubs and they held public meetings and printed brochures and pamphlets extolling the virtues of the Federal Reserve System. They gave large amounts of money to some of the better known universities in America; they created newly formed departments of economics with that money; they hand picked their own people to be the professors to head up those departments and then those professors with all of their academic credentials gave speeches and wrote scholarly essays extolling the virtues of the Federal Reserve System.

Ohhh America!

reply to post by againuntodust


The wait for HUD housing is about 5 years. Subsidized housing is also going on to years in some areas.
As for utility assistance, those have limited budgets, and have been running out.

reply to post by zerbot565


It also depends on where you live.

Around here, a 740 sq. ft., 2 bedroom apt is gonna run you 2k a month.
Still think you can get by on 18k?

reply to post by skeptic_al

The government does not want to put interest rates up as it would discourage people adding more debt. And the Government still wants to hand out tax cuts, meaning less money for the Government to pay for their Loans. It just doesn't add up. It's all most as if the USA has no intention of ever paying off their debts, just keep spending somebody elses money.

The WHOLE System, worldwide, is rigged to siphon off the wealth of a nation and funnel it into the pocket of bankers. You and ever other one of us is a serf to the bankers giving them anywhere from 50% and up of our labor. However they do not want a slave revolt so the system is hidden in plain sight as the Federal Reserve.

"The few who could understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." John Sherman about Rothschild


Where to start...

OK
I suggest you might want to read the on going discussion over at Federal Reserve Exposed as World's Biggest Scam!

Other References:
EASY READS:
Web of Debt: How Banks Secretly Create Money: www.webofdebt.com...

Web of Debt: CAMPAIGNING FOR STATE-OWNED BANKS.www.webofdebt.com...

The Creature from Jekyll Island: Federal Reserve,A talk by G. Edward Griffin: www.bigeye.com...

More scholarly Reads:
A PRIMER ON MONEY -SUBCOMMITTEE ON DOMESTIC FINANCE. COMMITTEE ON BANKING AND CURRENCY www.devvy.com...

SECRETS OF THE FEDERAL RESERVE By Eustace Mullins
www.whale.to...
BIBLIOGRAPHY for SECRETS OF THE FEDERAL RESERVE www.whale.to...

Mises on Money www.lewrockwell.com...

reply to post by mrsdudara


On a smaller scale, use freecycle.org.

Great way to get and get rid of stuff, all for free. Fabulous site.

A lot of posters said these "ex-middle class layabouts" in line at the food bank were just "playing the system," and spending all their cash on booze, cigarettes and drugs.

My main point: These are the "responsible" people: the ones trying to avoid defaulting on their debts and declaring bankruptcy.

So I did up a quick sample budget and posted it to show how people are trapped. The "budget" was incomplete and I got called on it…

soficrow

SAMPLE BUDGET ............ Month .................... Year
Rent or mortgage ................ $1,200.00 .............. $ 14,400.00
Utilities ............................. 300.00 .............. 3,600.00
Minimum Charge Card Pmts. 500.00 ............... 6,000.00

TOTAL ........................... $ 2000.00............... $ 24,000.00

NOTE: In reality, many if not most are carrying a LOT more than $2000 a month fixed expenses...

But let's play. Basic overhead is $24K and income is down to $20K - where ya gonna cut $4000 - never mind find money for food?

reply to post by LordBaskettIV

You are forgetting the 20-30% in yearly taxes that government takes from that $24,000 figure. And if you do own a home, average property tax bill $1132 across the USA. As well as the 1560$ in gas to run one vehicle for a year(not counting car maintance).

reply to post by skeptic_al

If $500 is a Lot.......

Did know the AVG US credit card holder has $8,000 owning on it at any one time.
So for ordinary folk to have