"Keep Working...

[Ryan Ruck]

My youngest brother just sent me this.

Attachment 942

[American Patriot]

That was making the rounds on Face Book a couple weeks ago.

[Malsua]

Watch out, a black man making sense....I guess it means we're all racists.

[American Patriot]

Speak for yourself and him. lol

[Ryan Ruck]

US Foodstamp Usage Rises To New Record High

October 5, 2012

While the 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in an Obama favorable direction one month before the election came at a prime time moment for the market, one hour ahead of the open, setting the market mood for the rest of the day (which despite all best efforts still closed red, valiant efforts by Simon Potter and the FRBNY's direct pipe to Citadel notwithstanding), there was one other, far more important data point released by the government's department of agriculture, sufficiently late after the market close to impact no risk assets. That data point of course was foodstamps (or the government's Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.

At 46,681,833 persons hooked on SNAP, the July number crossed the previous record posted a short month before, as the foodstamp curve continues 'plumbing' newer and greater heights each month.

More disturbing is that in the same month, the number of US households reliant on foodstamps rose by a whopping 99,493 to 22,541,744. Assuming a modest 2 persons per household, the increase means that more people went on Foodstamps in the month of July than found jobs (181,000 according to the latest revised NFP data). Furthermore, it appears that buying votes has become a tad more expensive in the past month. After the benefit per household dipped to a record low in April at just $275.81, this has since retraced some of its losses and is now at an inflationary $277.92. Oh well: inflation.

Adding the number of disability recipients in the month of July, which in that month rose by 20,474, and one can see why the government is quite happy with dumping this particular release long after everyone was on their way back home for the weekend.

Finally, and putting it all into perspective, since December 2007, or the start of the Great Depression ver 2.0, the number of jobs lost is 4.5 million, while those added to foodstamps and disability rolls, has increased by a unprecedented 21 million. Oh and about $7 or $8 trillion in debt. Who's counting really.

And this is the real and only key economic statistic of today that nobody wants to talk about, because it is equally the fault of both parties.

Total foodstamp recipient persons:




Total foodstamp recipient households and benefits per household.



Putting it all into perspective: Jobs versus Foodstamps/Disability:

[American Patriot]

Holy crap.

I'm quitting sooner now.

/sigh

[Ryan Ruck]

Quit and get you some of that Obama Money!

[Ryan Ruck]

How does this make you feel...

[American Patriot]

I have more in my little bank account than that EBT card has.

On the other hand... most of that was probably mine at one time.

[vector7]

Obama Begins Push for New National Retirement System


A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.

The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.

"This hearing was set up to explore why Americans are not saving as much for their retirement as they could," explains National Seniors Council National Director Robert Crone, "However, it is clear that this is the first step towards a government takeover. It feels just like the beginning of the debate over health care and we all know how that ended up."

A representative of the liberal Pension Rights Center, Rebecca Davis, testified that the government needs to get involved because 401k plans and IRAs are unfair to poor people. She demanded the Obama administration set up a "government-sponsored program administered by the PBGC (the governments’ Pension Benefit Guarantee Corporation)." She proclaimed that even "private annuities are problematic."

Such "reforms" would effectively end private retirement accounts in America, Crone warns. "These people want the government to require that ultimately all Americans buy these government annuities instead of saving or investing on their own. The Government could then take these trillions of dollars and redistribute it through this new national retirement system."

Deputy Treasury Secretary J. Mark Iwry, who presided over the hearing, is a long-time critic of 401k plans because he believes they benefit the rich. He also appears to be one of the Administration’s point man on this issue.

"This whole issue is moving forward very quickly," warns Crone. "Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts."

NSC has taken the lead in warning the nation about this new government onslaught and is plotting ways to stop it.

"This effort ultimately is designed to grab the retirement nest eggs of America’s senior citizens. This new government annuity scheme, even if it is at first optional, will turn into a giant effort to redistribute the wealth of America’s older citizens," explains Crone. "This scheme mirrors what I expect the President will try to do with Social Security. He wants to turn that program into a welfare program, too."

NSC will likely unveil a new grassroots campaign effort later this year or early in January to coincide with the seating of the new Congress.[/TD]
[/TR]
[/TABLE]

[American Patriot]

Take your "Nationalized, Socialist plan" and shove it up your ass.

[Ryan Ruck]

Well, with something like that, folks won't have need of those unstable 401ks and the money in those could surely be used for "the greater good".

[American Patriot]

The "greater good" can kiss my ass too. That's MY MONEY. I EARNED IT. I WORKED FOR IT. If they try to touch it, I will go to war.

[Ryan Ruck]

I think you're forgetting Rick...

[American Patriot]

I haven't forgotten that, and one of these days he will eat those words.

[Ryan Ruck]

More personal experiences from tonight.

In case you didn't know Hostess/Twinkie panic buying is in full swing since the news of Hostess shutting down came out and people are too stupid to know how a popular product put out by a doomed company is usually picked up by another company in short order (you know, that whole capitalism thing).

I was at a convenience store earlier working on a machine when two large trashy looking (white) women came in. One asked the clerk at the counter if they had any Twinkies left. The clerk stated in the affirmative. The other woman asked how many. The clerk responded about two dozen 2 packs were left. The women stated they wanted all of them.

Upon checking out they proceeded to pay for them with an EBT card...

[American Patriot]

[American Patriot]

[American Patriot]

[American Patriot]