JP Morgon... to profit off the misery of man.
46.3 million Americans on food stamps for first time ever, page
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Topic started on 5-12-2011 @ 12:35 PM by Vitchilo
Over 46 Million Americans On Foodstamps For The First Time
Ever
That's probably good for 200-300 points rally on the DOW...
I'm sure JPMorgan is thrilled.
J.P. Morgan's Food Stamp Business
BTW, that's 15% of the total US population... or 150% of Canada's population of food stamps... that's a hell lot of people.
Since the start of the Second Great Depression, food stamp participation has increased by 18.7 million, and is now at an all time higher 46.3 million.
That's probably good for 200-300 points rally on the DOW...
I'm sure JPMorgan is thrilled.
J.P. Morgan's Food Stamp Business
BTW, that's 15% of the total US population... or 150% of Canada's population of food stamps... that's a hell lot of people.
edit on 5-12-2011
by Vitchilo because: (no reason given)
reply posted on 5-12-2011 @ 01:15 PM by sonnny1
Then you have those who are inclined to defraud the system,and make some money on it also.
Food stamp fraud may be costing state $22M a year
Kansas City, Mo. — State auditors trying to weed out food-stamp fraud believe more than 7,000 people in Kansas may be getting benefits to which they aren’t entitled and costing taxpayers as much as $22 million a year, the state’s top social services official said Wednesday.
Food stamp fraud may be costing state $22M a year
reply posted on 5-12-2011 @ 01:17 PM by seabag
reply to post by Vitchilo
While 46.3 million Americans are living on the government dole and suffering through this terrible economy, others are prospering from their misfortune.
What is the POTUS doing about it you ask??
While 46.3 million Americans are living on the government dole and suffering through this terrible economy, others are prospering from their misfortune.
What is the POTUS doing about it you ask??
What in the world is Barack Obama thinking? The United States of America is falling apart all around him, and yet he decides to take a 17 day Hawaiian vacation. Does he even understand that he is the leader of the free world? Does he even understand that this country is mired in the worst economic downturn since the Great Depression? Last year, a similar Hawaiian vacation by the Obamas ending up costing more than 1 million dollars. Other than when I was in school, I don't remember ever taking a 17 day vacation. In fact, most Americans do not even get 17 vacation days for an entire year. Yet the Obamas seem to think that part of occupying the White House is to take as many vacations as possible. It has been reported that Michelle Obama spent over 10 million dollars of U.S. taxpayer money on vacations during just one recent 12 month period alone.link
reply posted on 5-12-2011 @ 01:17 PM by Vitchilo
reply to post by sonnny1
Fraud certainly exists. Let's say fraud accounts for 1-2%... there's still 45 million on food stamps.
And let's mention also all those who would need food stamps but can't get them (homeless people, people living in ``tent cities`` (not OWS))... and you are back up to 46 million easy.
Fraud certainly exists. Let's say fraud accounts for 1-2%... there's still 45 million on food stamps.
And let's mention also all those who would need food stamps but can't get them (homeless people, people living in ``tent cities`` (not OWS))... and you are back up to 46 million easy.
reply posted on 5-12-2011 @ 01:20 PM by sonnny1
reply to post by Vitchilo
Agree.
I feel for those in need.
But it doesn't change the fact that the system is flawed,and Government is also.
Agree.
I feel for those in need.
But it doesn't change the fact that the system is flawed,and Government is also.
reply posted on 5-12-2011 @ 05:20 PM by sheepslayer247
There are two different ways to look at this situation.
1. It's sad that people need food stamps. The economy is floundering and there is no reason other than pure negligence that our system is failing.
2. Food stamps can act as an economic booster shot! The poor and middle class (AKA: the real tax-payers) will surely spend 100% of that money and inject it into their local economies.
Sure JP Morgan makes money off of it, but it's better than giving billions to the wealthy exclusively and having them sit on the cash. Many claim they wont hire workers until Obama is out of office and there is some "certainty" back into the job market. Food stamps act as a much better stimulus.
Food stamps will be spent, go into the economy, help those in need, and will provide REAL incentive for local business' to hire when they can no longer meet demand with their current workforce.
So it is sad that it has come to this, but at least the right people are getting the money. Remember....a rising tide floats all boats! If it rains from above, only those on high are guaranteed to get wet. (Trickle-down reference)
Actually, I authored a thread about this issue. Link
1. It's sad that people need food stamps. The economy is floundering and there is no reason other than pure negligence that our system is failing.
2. Food stamps can act as an economic booster shot! The poor and middle class (AKA: the real tax-payers) will surely spend 100% of that money and inject it into their local economies.
Sure JP Morgan makes money off of it, but it's better than giving billions to the wealthy exclusively and having them sit on the cash. Many claim they wont hire workers until Obama is out of office and there is some "certainty" back into the job market. Food stamps act as a much better stimulus.
Food stamps will be spent, go into the economy, help those in need, and will provide REAL incentive for local business' to hire when they can no longer meet demand with their current workforce.
So it is sad that it has come to this, but at least the right people are getting the money. Remember....a rising tide floats all boats! If it rains from above, only those on high are guaranteed to get wet. (Trickle-down reference)
Actually, I authored a thread about this issue. Link
edit on 5-12-2011 by sheepslayer247 because: (no reason given)
edit on 5-12-2011 by sheepslayer247 because: (no reason
given)
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