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Author Topic: Misery Index: The Obama Depression - "Private sector doing just Fine"  (Read 63280 times)
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« Reply #1150 on: December 18, 2012, 08:43:10 PM »

The Number of People on SS/SSI increased 700 Percent.
 usdebtclock.org ^ | 12/18/2012 | typical_whitey

Posted on Tuesday, December 18, 2012 7:53:31 PM by Typical_Whitey

www.usdebtclock.org is a source of economic data for the U.S. This data is collected from the various government departments. The website has a tool that you can use to view historic trends from the year 2000 to present and also out to 2016.

Taking a look at the number of people on Social Security and SSI, which is found on the far right column of the webpage, and using the time tool, we can see that between 2000 and 2004 there was an increase of roughly 2.4 Million people, and from 2004 – 2008 approximately 2.8 Million were added to SS/SSI. Over the last 4 years of the Obama Presidency from 2008 thru present we find that the number added has risen to an astonishing 17.4 Million people that accounts for a historic 700 percent increase in the number of approved applicants on SS/SSI and the number is continuing to rise even with the so called recovery.

According to the Social Security Administration website: The SSI program provides a basic national monthly income guarantee, called the federal benefit rate (FBR), to children and adults with disabilities as well as to persons aged 65 or older.

Effective January 2012, the maximum Federal SSI payment for an eligible individual is $698 per month and for an eligible couple $1,048 per month. However, some states supplement the federal SSI payment. SSI benefit amounts and state supplemental payment amounts vary based upon your income, living arrangements and other factors.
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« Reply #1151 on: December 18, 2012, 08:45:22 PM »

http://www.dailyjobcuts.com


Geeeeeezzzzzz
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« Reply #1152 on: December 20, 2012, 06:32:51 AM »

USAWatchdog.com ^ | 19 December, 2012 | Greg Hunter
Posted on December 19, 2012, 4:58:51 PM EST by Errant

Economist John Williams thinks the economy is in worse shape than most people think. In 2013, Williams predicts, “As this goes forward, you’re going to see we’re going to be in a new recession.” The Federal Reserve announced last week it is now printing a total of $85 billion every month to reduce unemployment and stimulate the economy. Williams says, “That’s nonsense. . . . There’s nothing they can do to stimulate the economy.” Williams has long contended the Fed is really just using the weak economy to continue to prop up the banking system. Williams says, “If the Fed wasn’t doing what it’s doing . . . I’d presume you’d be on the road to a banking system collapse. The banking system is still in trouble.” Williams warns the “open-ended” printing of $85 billion a month “. . . will be part of what will eventually become hyperinflation.” And if there is no deal on the so-called “fiscal cliff,” then Williams expects “heavy selling pressure on the U.S. dollar.” Join Greg Hunter as he goes One-on-One with John Williams of Shadowstats.com.
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« Reply #1153 on: December 20, 2012, 01:44:29 PM »

Latin Chamber Hands Out Bags Of Holiday Cheer

December 19, 2012 12:44 PM


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A pile of some of the food bags given away by CAMACOL for Christmas. (Source: CBS4)



Reporting Natalia Zea



 
LITTLE HAVANA (CBSMiami) – Some people were in line for hours or even days, but no matter how long they waited, as long as they had a voucher, they received bags of holiday cheer Wednesday from the Latin American Chamber of Commerce.
 
Wednesday was the Chambers’ annual holiday food basket giveaway in Little Havana. Just like previous years, hundreds of people camped out outside the CAMACOL building, located at 1401 West Flagler Street, in order to be some of the first to receive the free food.
 
Zoraida Pacheco said she and her husband were laid off this year and are scraping by doing odd jobs. For the first time ever, she came to wait in line for a holiday meal for her five kids.
 


“Once you’ve been up there and you have everything for yourself, then comes a point that you’re down here,” Pacheco said, “that you have to depend on other people, so other people can help you. This helps a great deal.”
 
The Latin Chamber of Commerce and various local businesses gave away $150 dollars worth of food and drinks to every person with a voucher.  Three thousand vouchers were handed out several weeks ago.

 

The meals included pork, yucca, milk, soda,  bread, and a gift bag with a number of smaller food items. CAMACOL started this tradition of handing out Christmas dinner for families 27 years ago. It’ll provide families the food they need to prepare a traditional Noche Buena dinner.
 
Rosemary Garcia waited in line in her wheelchair. She smiled as she received her food basket.
 
“Thanks for having nice people coming out to help the people that don’t have,” she said.
 
Governor Rick Scott and his wife Ann, along with former Governor Jeb Bush were on hand Wednesday to help hand out food to residents.
 
“This is what America, this is what Florida’s about. We take care of each other, we care about each other.  We want to make sure everyone is taken care of,” said Scott.
 
Zoraida said the waiting paid off, “We got everything. We got the Christmas dinner.”
 
She and many others walked away grateful that their families won’t go without during the holiday season.
 
CAMACOL promises to hand out another 3000 baskets next year.
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« Reply #1154 on: December 20, 2012, 06:30:38 PM »

What's the most dicks you've sucked in a single day?
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« Reply #1155 on: December 27, 2012, 08:57:06 AM »

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States
TEC ^ | 12-27-2012 | Michael Snyder
Posted on December 27, 2012, 10:31:25 AM EST by blam

Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

By Michael Snyder
December 26th, 2012

America is rapidly becoming a nation of takers. An increasing number of Americans expect the government to take care of them from the cradle to the grave, and they expect the government to dig into the pockets of others in order to pay for it all. This philosophy can be very seductive, but what happens when the number of takers eventually outnumbers the number of producers? In 11 different U.S. states, the number of government dependents exceeds the number of private sector workers. This list of states includes some of the biggest states in the country: California, New York, Illinois, Ohio, Maine, Kentucky, South Carolina, Mississippi, Alabama, New Mexico and Hawaii.
It is interesting to note that seven of those states were won by Barack Obama on election night. In California, there are 139 "takers" for every 100 private sector workers. That is crazy! The American people have become absolutely addicted to government money, and it gets worse with each passing year. If you can believe it, entitlements accounted for 62 percent of all federal spending in fiscal year 2012. It would be one thing if we could afford all of this spending, but unfortunately we simply cannot. We are drowning in debt, and we are stealing more than a hundred million more dollars from future generations with each passing hour. No bank robber in history can match that kind of theft.

Yes, we will always need a safety net. There are many people out there that simply cannot take care of themselves. We certainly don't want to see anyone sleeping in the streets or starving to death.

But if the number of people jumping on to the safety net continues to grow at the current pace, the net will break and it will not be available for any of us.

For example, the number of Americans on food stamps grew from about 17 million in 2000 to more than 47 million today. It nearly tripled in just 12 years.

What will happen if it nearly triples again over the next 12 years?

The federal government even has a website (benefits.gov) that guides people through the process of figuring out what welfare programs they can take advantage of.

Overall, the federal government runs nearly 80 different "means-tested welfare programs" and more than 100 million Americans are already enrolled in at least one of those programs.

Yes, I realize that figure is very hard to believe. I had a hard time believing it when I first came across it.

And it is even more shocking when you realize that the figure of 100 million Americans does not even include those who only receive Social Security or Medicare.

Today, there are 56.76 million Americans on Social Security.

To support all of those Americans on Social Security, there are only about 94.75 million full-time private sector workers.

So there are just 1.67 full-time private sector workers to support each American that is on Social Security.

Medicare is also growing like crazy. As I wrote about the other day, the number of Americans on Medicare is expected to grow from 50.7 million in 2012 to 73.2 million in 2025.

How much farther can we push things before the entire system collapses?

In order to support this exploding entitlement system, we need a lot more Americans to be working good paying jobs.

Unfortunately, millions of good paying jobs continue to be shipped overseas and they aren't coming back.

We are even losing good jobs to our own prisoners. The United States has the largest prison population in the world by far, and the exploitation of that low wage labor pool has become a boom industry in America. Even Microsoft and Boeing are using prison labor now. Just check out this video.

Meanwhile, there are millions upon millions of law-abiding Americans that cannot find jobs and that cannot take care of their families.

So poverty and dependence on the government are absolutely exploding. We have a system that is so messed up that it is hard to even put it into words. The middle class is being viciously shredded, and most Americans just continue to applaud the politicians from both parties that are doing this to us.

Our economy is being gutted at the same time that the welfare state is experiencing unprecedented growth. Instead of giving us real answers, our "leaders" just continue to borrow, spend and print more money. We are about to hit the debt limit again, and the Obama administration is saying that we should just do away with the debt limit permanently.

Most of our politicians don't seem to understand that they are systematically destroying our economy and the bright futures that our children and our grandchildren were supposed to have.

But there are some politicians out there that get it. Unfortunately, many of them live in other countries. For example, Canadian MP Pierre Poilievre seems to have a firm grasp on what debt is doing to the United States. The following are some excerpts from one of his speeches...

"By 2020, the US Government will be spending more annually on debt interest than the total combined military budgets of China, Britain, France, Russia, Japan, Germany, Saudi Arabia, India, Italy, South Korea, Brazil, Canada, Australia, Spain, Turkey, and Israel."

"Through government spending the indulgence of one is the burden of another; through government borrowing, the excess of one generation becomes the yoke of the next; through international bailouts, one nation's extravagance becomes another nation's debt"

"Everyone takes, nobody makes, work doesn't pay, indulgence doesn't cost, money is free, and money is worthless."

You can see his entire speech right here.

And if we continue down this path it is most definitely true that our money will eventually become worthless at some point. Just today I was down at the grocery store, and a can of chili that I was able to get on sale for 75 cents a couple of years ago now has a "sale price" of $1.69. If the Federal Reserve keeps recklessly printing dollars, eventually we will be fortunate to get a can of chili for 10 bucks. Things cost too much already, and the Fed seems absolutely determined to cut the legs out from under the U.S. dollar.

Unfortunately, printing money is the only way that we are going to be able to service the gigantic amounts of debt that we are accumulating.

According to Chris Cox and Bill Archer, two men who served on Bill Clinton's Bipartisan Commission on Entitlement and Tax Reform, there is no way in the world that we could raise taxes high enough to pay for all of the obligations that we are currently taking on. They say that even if we taxed all corporations and all individuals at a 100% tax rate on all income over $66,193, "it wouldn't be nearly enough to fund the over $8 trillion per year in the growth of U.S. liabilities."

Are you starting to get an idea of how much trouble we are in?

We don't have enough money to pay for all of this.

We are broke.

Our current economy is a debt-induced illusion, and we will soon be waking up to a tremendous amount of pain.

Are you ready?

TOPICS: News/Current Events; Click to Add Topic
KEYWORDS: collapse; dependents; economy; government; Click to Add Keyword
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« Reply #1156 on: December 27, 2012, 10:38:42 AM »

US: Consumer Confidence scares at 65.1 in November
 fxstreet.com ^ | December 27, 2012 | fxstreet.com

Posted on Thursday, December 27, 2012 10:18:37 AM by John W

FXstreet.com (Barcelona) - A fall of 6.4 points in November was registered by the Consumer Confidence indicator released by the Conference Board. Data fell from 75.1 (revised from 73.7) to 65.1, coming much lower than the expected 70.3.
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« Reply #1157 on: January 04, 2013, 09:17:33 AM »

http://cnsnews.com/news/article/unemployment-rises-women-african-americans-december

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« Reply #1158 on: January 04, 2013, 10:26:22 AM »

Lincolnton Furniture Company, praised for bringing jobs back to US, closes

By Cameron Steele
 
The Charlotte Observer
 

Lincolnton Furniture Company closed abruptly Thursday just one year after it was hailed by President Barack Obama as an example of the recovering U.S. economy.

Furniture-making operations stopped indefinitely and only a few people will remain employed moving forward, company financial officer Ben Causey said.

“I don’t know where it’s going to go exactly; we’re still evaluating our situation,” Causey said. “We just didn’t have any choice at this point.”

The company was not receiving the orders it needed to sustain its operations, Causey said.

“We needed more orders is really what it boiled down to,” he said. “We thought they would materialize.”

Owner Bruce Cochrane, a fifth generation furniture-manufacturer, formed the company in 2011 with a $5 million investment and the hope he could make a profit off people who wanted to buy furniture made in America.

It was a move that caught the attention of North Carolina officials and those in the White House. Last year, Cochrane sat with the first lady during Obama’s 2012 State of the Union Address. He also joined the president and other business leaders in a discussion about how to create more jobs at home.

Attempts late Thursday to reach Cochrane were unsuccessful. Causey said company officials were thankful for the support they received from the community over the past year-and-a-half.

Jerry Cochrane, Bruce Cochrane’s uncle and former Lincoln County Commissioner, learned about the company’s closing Thursday.

“I was surprised that they stopped the operation this quickly,” he said. “But starting a furniture business now is very difficult in this country.”

Last week, the Gaston Gazette recognized Bruce Cochrane as one of its “persons of the year” in 2012 for starting the furniture-manufacturing in his hometown.

“Everybody was rooting for us and wanted us to succeed,” Causey said.

Read more here: http://www.miamiherald.com/2013/01/04/3167317/lincolnton-furniture-company-praised.html#storylink=cpy
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« Reply #1159 on: January 05, 2013, 06:29:42 AM »

North Portland Sealy mattress factory layoffs to begin in March
The Oregonian ^ | 1/4/12 | By Elliot Njus
Posted on January 5, 2013 12:48:58 AM EST by Be Careful

Sealy Inc., which in November announced plans to permanently close its North Portland mattress factory, will begin laying off workers there in March.

The North Carolina company said then it planned to move work from the factory at 13635 N. Lombard St. to Lacey, Wash., to cut costs.

In a notice to the state Friday, Sealy said 106 workers will be laid off starting March 4. In November, the company said the factory employed 128.

(Excerpt) Read more at oregonlive.com ...
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« Reply #1160 on: January 08, 2013, 11:57:23 AM »

ROSENBERG: 6 Key Economic Indicators Show That The US Isn't In Great Shape
 


Mamta Badkar|58 minutes ago|297|
 



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By the end of 2012, once it was clear that the fiscal cliff would be avoided, the consensus was that the U.S. economy wrapped up the year in "some sort of accelerating trend", according to Gluskin Sheff's David Rosenberg.
 
But Rosenberg says there are telling signs everywhere that this isn't actually the case.
 
"Mortgage applications have fallen off a cliff of their own of late... What I am asking is that calendar quirks aside why on earth would railway car loadings, coal production, auto assemblies, raw steel output and port activity be contracting on a year-over-year basis if the economy is humming along as the consensus would have you believe?"
 
Here are the charts


Read more: http://www.businessinsider.com/rosenberg-6-charts-us-economy-2013-1#ixzz2HPb6bwxY
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« Reply #1161 on: January 09, 2013, 08:30:37 AM »

Charlie Gasparino Says There's Going To Be A Blood Bath At Morgan Stanley On Monday
Linette Lopez|36 minutes ago|1,906|5
 


Charlie Gasparino reports that Morgan Stanley is in for some deep cuts on Monday.
 
Bloomberg is also reporting 1600 job cuts next week as well.
 
Morgan Stanley's CEO James Gorman has always made it clear that Wall Street had to downsize and that he wasn't afraid to have his own employees feel the pain.
 
That goes for compensation (down 9% since last year) and layoffs. The truly ugly year was 2011, when the firm was running layoff scenarios in the several thousands. At the beginning of last year, Gasparino (again) was reporting that by June 5,000 more people would be gone.
 
The news from Gasparino's Twitter feed:


Read more: http://www.businessinsider.com/gasparino-warns-of-morgan-stanley-cuts-2013-1#ixzz2HUbePg4v

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« Reply #1162 on: January 09, 2013, 11:35:49 AM »

Morgan Stanley Plans To Lay Off 1,600 Employees
 Value Walk ^ | January 9, 2013 | Marie Cabural

Posted on Wednesday, January 09, 2013 1:20:14 PM by 2ndDivisionVet

Morgan Stanley will cut its workforce by 1,600 in the coming weeks. The job cuts will affect all levels of employees in its investment banking and trading unit in both its United States and international divisions, according to a source.

Morgan Stanley (NYSE:MS), one of the leading banks in the United States plans to cut the number of its employees within its investment banking and trading division by 6 percent or 1,600 in the next few weeks, according to report from Bloomberg, citing an unidentified source familiar with the issue.

According to the source, 50 percent of the workforce reduction will come from the United States and 50 percent will come from the company’s international offices. The job cuts will affect all levels of employees.

The person who revealed the information requested his name not to be identified because the Morgan Stanley’s decision regarding the layoffs was not yet announced to the public.

The source said, the company is planning on sending notices to all the employees affected by the job cuts today and over the coming weeks...


(Excerpt) Read more at valuewalk.com ...
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« Reply #1163 on: January 09, 2013, 08:01:49 PM »

http://dailycaller.com/2013/01/09/new-data-show-1-in-4-children-on-food-stamps-in-fy-2011


Hope and change.
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« Reply #1164 on: January 10, 2013, 03:12:54 PM »

http://money.cnn.com/2013/01/10/investing/american-express-jobs/index.html?cnn=yes

5400 more jobs down the toilet 
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« Reply #1165 on: January 10, 2013, 03:16:30 PM »

The Philly Fed report from a week or so ago, the one that "Surprised" to the upside was revised downward to a contraction.

And the weekly U.E. claims were up for the 4th week in a row.

Not good.
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« Reply #1166 on: January 10, 2013, 03:20:07 PM »

The Philly Fed report from a week or so ago, the one that "Surprised" to the upside was revised downward to a contraction.

And the weekly U.E. claims were up for the 4th week in a row.

Not good.

Still W's fault. 
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« Reply #1167 on: January 11, 2013, 06:39:38 AM »

Time Inc. Will Lay Off 700 After 5% Advertising Decline
Jill Goldsmith, Variety|23 minutes ago|3|


Time Magazine

Time Warner's Time Inc. will lay off up to 700 staffers out of just under 8,000 total as the publisher's new chief struggles to transform famous titles and massive market share into a digital profit center.
 
The staff cuts will come sometime in the first quarter, said a person familiar with the company's plans, and will be across the board -- not just focused on editorial, where staffing has already been hard hit.
 
A Time Warner spokesman declined comment.
 
Time Inc. revenue fell 6% for the nine months ended in September to $2.5 billion. Profit dropped 14% to $220 million. During that period, it dominated 21.5% of overall domestic magazine advertising.
 
Time's stable of 21 U.S. magazines and 25 websites includes Time, In Style, Fortune, People, Entertainment Weekly, Sports Illustrated and Real Simple. It has over 100 titles worldwide.
 
For the third quarter, subscription revenue dipped 6% and advertising revenue eased 5%, echoing trends across the traditional publishing world as consumers digest information in new ways. Digital advertising and expanding readership on tablets and other mobile devices hasn't made up for losses elsewhere.
 
Given the new face of publishing, Time Warner settled in late 2011 on Laura Lang, CEO of digital marketing agency Digitas, to run the business. She started just over a year ago.
 
Time Warner will report fourth-quarter and full-year financial results on Feb. 6.
 
Click here for more television news on Variety.com.
 



Read more: http://www.businessinsider.com/time-inc-will-lay-off-700-after-5-advertising-decline-2013-1#ixzz2HfqkdSq0
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« Reply #1168 on: January 12, 2013, 05:51:39 AM »

http://www.bloomberg.com/news/2013-01-11/us-airways-spurs-job-rush-as-16-500-vie-for-450-vacancies.html


16,500 apply for 450 sitty jobs. 
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« Reply #1169 on: January 12, 2013, 07:35:24 PM »

Riot Breaks Out At Housing Assistance Event In Metro Detroit
 CBS Detroit ^ | Jan 12, 2013

Posted on Saturday, January 12, 2013 7:03:25 PM by Iron Munro

An event designed to help assist Michigan families with housing expenses turned into a chaotic scene after there was a mad rush to collect Section 8 Housing Choice Vouchers.

The incident happened Saturday morning at the Wayne County Family Health Services Center on Eureka Road, between Beech Daly and Inkster roads in Taylor — where thousands of people were waiting to get housing vouchers, many who had been waiting outside in the cold since the night before.

Reports say the amount of people who showed up looking for assistance heavily outweighed the number of vouchers to be distributed. As the night was fading away and the sun started to shine, the crowd continued to grow as more and more people arrived. According to reports, only 1,000 vouchers were available for distribution. An estimated 3,000 to 4,000 people were in attendance.

When it came time for the vouchers to be distributed, police said there was a mad rush for the door, with people jockeying for position to be the first inside the building. Officers tried to control the crowd, but couldn’t. Fearing the situation was more than they could handle, event organizers shut the entire thing down and turned off the lights inside the building. Witnesses say that’s when things really got ugly.

Star Lee, of Romulus, described the scene as complete chaos.

“People just don’t have order to themselves, you know what I mean? People were fighting and throwing chairs, and that’s just not necessary. We were asked to just come and line up and, you know, make things simple. They shut it down before it even got started and it’s just sad because some people really needed this help, this assistance,” she said.

Candice Wacasey, of Taylor, said she was frightened. Garbage litters the ground at a human services building in Taylor where thousands of people rioted when a Section 8 Housing Choice Voucher distribution event was cancelled. (WWJ Photo/Beth Fisher)

Garbage litters the ground at a human services building in Taylor where thousands of people rioted when a Section 8 Housing Choice Voucher distribution event was cancelled. (WWJ Photo/Beth Fisher)

“When the lights went out, it went horrible. People started trampling over people, there was a disabled lady that was in a wheelchair and they was trying to knock her over to get in front of her. I mean, just crazy,” she said.

Lenny Syer, of Melvindale, said some people lost all inhibitions, even muscling small children out-of-the-way.

“There was people who was physically putting their hands on people’s childs (sic) and moving them. It was unbelievable,” he said.

Additional help was called in from Michigan State Police, who helped Taylor police control the melee and disperse the crowd. Four people were arrested, but police say no one was injured.

Police say the event will be rescheduled, although specific details still need to be worked out.

“Due to the high demand of the Section 8 vouchers, we will meet with HUD Representatives to discuss the series of events, re-evaluate the distribution method and implement a process that ensures a greater level of efficiency and safety,” Mary Radamacher, Director of the Taylor Housing Commission, said in a statement.

Some of those in attendance Saturday said they hope organizers will be extra cautious and bring in additional security to insure things go differently next time.

According to the U.S. Department of Housing and Urban Development, the Section 8 Housing Choice Voucher program is the federal government’s major program for assisting very low-income families, the elderly and the disabled to afford decent, safe and sanitary housing in the private market. A housing subsidy is paid to the landlord directly by the government on behalf of the participating family, which then pays the difference between the actual rent charged by the landlord and the amount subsidized by the program.

The maximum housing assistance is generally the lesser of the payment standard minus 30 percent of the family’s monthly adjusted income, or the gross rent for the unit minus 30 percent of monthly adjusted income, according to HUD.
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« Reply #1170 on: January 13, 2013, 07:11:20 AM »

The number of Americans receiving money directly from the federal government has grown from 94 million in the year 2000 to over 128 million today. A shocking new research paper by Patrick Tyrrell and William W. Beach contains that statistic and a whole bunch of other very revealing numbers. According to their research, the federal government hands out money to 41.3 percent of the entire population of the United States each month. Overall, more than 70 percent of all federal spending goes to what they call "dependence-creating programs". It is the most massive wealth redistribution scheme in the history of the world, and it continues to grow at a very rapid pace with each passing month. But can we really afford this? Of course we never want to see a single person go without food to eat or a roof to sleep under, but can the federal government really afford to support 128 million Americans every month? If millions more Americans keep jumping on to the "safety net" each year, how long will it be before it breaks and it is not there for anyone? The federal government is already drowning in debt. This year the U.S. national debt will easily blow past the 17 trillion dollar mark and we are rapidly heading toward financial oblivion. We are stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day with no end in sight. If we don't get our finances in order as a nation, what will the end result be?

According to Tyrrell and Beach, federal spending on entitlement programs has been rising more than 6 times as fast as population growth has in recent years...

Between 1988 and 2011, spending on dependence-creating federal government programs has increased 180 percent versus “only” a 62 percent increase in the number of people who are enrolled in federal government programs, and a 27 percent increase in the population. Not only are more people enrolled in government programs than ever before, but more US taxpayer dollars are being spent on each recipient every year.

But even though the numbers that Tyrrell and Beach present in their paper are incredibly shocking, the truth is that they have probably underestimated the true scope of government dependence in America today. Just consider the following numbers...

Food Stamps

Back in the year 2000, there were about 17 million Americans on food stamps. That number has exploded to more than 47 million today.

Medicaid

If you can believe it, today more than 70 million Americans are on Medicaid, and it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

Social Security

Right now, there are more than 53 million Americans on Social Security, and that number is projected to absolutely explode as huge waves of Baby Boomers retire in the coming years.

Medicare

As I wrote about in a previous article, the number of Americans on Medicare is expected to grow from 50.7 million in 2012 to 73.2 million in 2025.

And those are only four examples of government programs that have seen their numbers explode in recent years. There are so many more that could be mentioned. Overall, the federal government runs nearly 80 different "means-tested welfare programs", and almost all of them are experiencing explosive growth.

So is the "128 million" figure that Tyrrell and Beach have come up with actually too low? I believe that it is. But in any event, nobody can deny that the "welfare state" in the U.S. has absolutely mushroomed in size since the turn of the century.

According to one recent poll, 55 percent of all Americans say that they have received money from a safety net program run by the federal government at some point in their lives. We are a nation that has become very comfortable leaning on Uncle Sam for help.

And poor people from all around the globe see how good things are here and they are eager to get a seat at the table. In a previous article, I talked about a federal government website ("WelcomeToUSA.gov") that actually teaches new immigrants how to apply for welfare once they are able to get into the United States.

Will we all eventually becoming dependent on the government? If that happens will we still be free men and women?

Once someone is dependent on the government, they become forced to do what the government tells them to do in order to survive. If we all eventually become dependent on the federal government, how much power will that give them over us?

That is something to think about.

Another thing to ponder is how the U.S. middle class is rapidly disappearing.

There will always be poor people, and we should always take care of them, but what we should be truly alarmed about is how the middle class in America has been dramatically shrinking in recent years.

One of the biggest reasons why so many Americans are applying for government assistance these days is because there simply aren't enough jobs for everyone. Politicians from both political parties have fully embraced the one world "free trade" economic agenda of the global elite, and as a result millions of our jobs are being shipped out of the country. Big corporations can either choose to pay U.S. workers a living wage with benefits, or they can choose to set up shop on the other side of the globe where it is legal to pay workers slave labor wages with no benefits. Plus there are much fewer taxes and regulations to deal with typically on the other side of the globe.

As long as this nation pursues this "one world economic agenda", there will never be enough jobs in the United States ever again. Chronic unemployment will become the new normal. Our formerly great manufacturing cities will continue to degenerate into gang-infested war zones.

Apologists for the current system continue to insist that the answer is "more education", but the truth is that government dependence is even exploding among those with advanced degrees. The following is a brief excerpt from a recent article on The Chronicle Of Higher Education...

People who don't finish college are more likely to receive food stamps than are those who go to graduate school. The rolls of people on public assistance are dominated by people with less education. Nevertheless, the percentage of graduate-degree holders who receive food stamps or some other aid more than doubled between 2007 and 2010.

During that three-year period, the number of people with master's degrees who received food stamps and other aid climbed from 101,682 to 293,029, and the number of people with Ph.D.'s who received assistance rose from 9,776 to 33,655, according to tabulations of microdata done by Austin Nichols, a senior researcher with the Urban Institute. He drew on figures from the 2008 and 2011 Current Population Surveys done by the U.S. Census Bureau and the U.S. Bureau of Labor.

After reading that, does anyone still believe that "more education" is the answer to our problems?

What we need is more jobs, and lots of them. Unfortunately, our politicians continue to pursue policies that absolutely kill American jobs.

So the number of Americans that are forced to turn to the government for assistance will continue to grow, as will our national debt.

Sadly, most Americans still don't realize what is happening. Most of them are still listening to those in the mainstream media that are insisting that everything is going to be just fine.

For example, the most famous economic journalist in the country, Paul Krugman of the New York Times, recently wrote that the deficit crisis has been "solved"...

True, there are projected problems further down the road, mainly because of the continuing effects of an aging population. But it still comes as something of a shock to realize that at this point reasonable projections do not, repeat do not, show anything resembling the runaway deficit crisis that is a staple of almost everything you hear, including supposedly objective news reporting.

So you heard it here first: while you weren’t looking, and the deficit scolds were doing their scolding, the deficit problem (such as it was) was being mostly solved.

Oh really?

I don't know how in the world Paul Krugman can get paid to write such nonsense, but the truth is that our government debt problems are only just beginning.

In a previous article, I explained that the unfunded liabilities of the federal government are growing so rapidly that we could not cover them even if we raised the highest tax rate to 100%...

According to Chris Cox and Bill Archer, two men who served on Bill Clinton's Bipartisan Commission on Entitlement and Tax Reform, there is no way in the world that we could raise taxes high enough to pay for all of the obligations that we are currently taking on. They say that even if we taxed all corporations and all individuals at a 100% tax rate on all income over $66,193, "it wouldn't be nearly enough to fund the over $8 trillion per year in the growth of U.S. liabilities."

Yes, Paul Krugman, we do have a spending problem. Even if Bill Gates gave every single penny of his fortune to the federal government, it would only cover the U.S. budget deficit for about 15 days. We simply cannot go on spending money like this.

If anyone out there believes Paul Krugman and is convinced that the federal government is no longer facing a massive debt problem, please read this article: "55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know".

But if we can't afford to do all of this spending, then why are we doing it?

Well, it is because there are a whole lot of people out there that are really hurting. Poverty in the U.S. is absolutely exploding, and the gap between the wealthy and the poor has grown to unprecedented heights.

According to a recent article posted on Economy In Crisis, the bottom 60 percent of all Americans only own 2.3 percent of all the financial wealth in the nation combined.

That is astounding.

If you live in a wealthy area of the country, you may look around and things may look really good to you. But in many other areas of the country things are worse than they have ever been in the post-World War II era. For the first time ever, more than a million public school students in the United States are homeless. That number has risen by 57 percent since the 2006-2007 school year.

Can you imagine that? We have over a million kids that are attending our public schools that do not have a home to go back to at night.

Our economy desperately needs more jobs, but we just continue to lose more of them. On Thursday, it was announced that American Express is eliminating 5,400 more jobs. More announcements like this come out just about every day now. 65 percent of all Americans expect 2013 to be a year of "economic difficulty", and there aren't a whole lot of reasons to be optimistic about things at this point.

When you lose your job, it can feel like your entire life is falling apart. The competition for jobs is absolutely fierce, and a lot of workers have fallen through the cracks. In this rough economic environment, there are millions of Americans that have never been able to put the pieces of their lives back together. A recent CNN article profiled a 42-year-old woman up in Oregon named Lynette who has had her life totally turned upside down by unemployment...

I'm a single mom with a son in high school.

Three years ago, I was laid off from a job working at a propane company. I had just gotten back on my feet after battling breast cancer, then cervical cancer, but the economy tanked, and I was the first to go.

I am now 42, and the cancer is gone. But it appears my employability is also gone.

She used to work in a position that helped others find government assistance, but now she is the one who has been forced to seek it...

Before I was diagnosed with cancer, I worked for the state of Oregon and was the number one service manager for the Department of Human Services. My job was to help low income families find work and get food stamps and insurance. Now, I cannot even get a job at McDonalds, and I'm the one living on social assistance.
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« Reply #1171 on: January 14, 2013, 07:07:54 AM »

http://www.koat.com/news/Thousands-apply-for-200-Target-jobs/-/9154100/18109042/-/r6xuwm/-/index.html?absolute=true


HOPE & CHANGE!
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« Reply #1172 on: January 18, 2013, 08:48:56 AM »

http://www.zerohedge.com/news/2013-01-17/us-mint-out-silver-coins-suspends-sales


LOL!!!

Sign of real confidence in the dollar right there! 
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« Reply #1173 on: January 20, 2013, 03:45:40 PM »

First Term: Americans “Not in Labor Force” Increased 8,332,000
Cybercast News Service ^ | January 20, 2013 | Terence P. Jeffrey
Posted on January 20, 2013, 4:24:50 PM EST by Olog-hai

The number of Americans age 16 or older who decided not to work or even to seek a job increased by 8,332,000 to a record 88,839,000 in President Barack Obama’s first term, according to the Bureau of Labor Statistics. At the same time, the number of retired workers collecting Social Security increased by only 4,234,480.

The increase in Americans opting out of the labor force during Obama’s first term resulted in a decrease in the labor force participation rate from 65.7 percent in January 2009, the month Obama was first inaugurated, to 63.6 percent in December 2012, the latest month reported. Before Obama took office, the labor force participation rate had not been as low as 63.6 percent since 1981, the year President Ronald Reagan took over from President Jimmy Carter. …

When Obama was inaugurated in January 2009, there were 80,507,000 American civilians age 16 or older who did not have a job or seek one. In December 2012, there were 88,839,000—thus, the increase of 8,332,000. … In the comparable period of George W. Bush’s second term, the number of Americans choosing not to participate in the labor force went from 76,808,000 in January 2005 to 80,380,000 in December 2012—an increase of 3,572,000. …

(Excerpt) Read more at cnsnews.com ...
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« Reply #1174 on: January 22, 2013, 09:25:20 AM »

Blockbuster Is Closing 300 Stores And Laying Off 3,000 Workers
 


Kim Bhasin|39 minutes ago|112|1
 



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Blockbuster has announced that it's closing around 300 stores in the U.S. over the next few weeks.
 
That's around 35 percent of its total brick-and-mortar presence of 850 stores.
 
Around 3,000 employees will be laid off as a result of the closings, according to a spokesperson from parent company Dish Network.
 
"We continue to see value in the Blockbuster brand and we will continue to analyze store level profitability and — as we have in the past — close unprofitable stores," the spokesperson told the Los Angeles Times.
 
Dish acquired Blockbuster back in a 2011 bankruptcy sale. At that point, the chain operated around 1,700 stores.
 
The company had planned to leverage Blockbuster's brand name to push its streaming service to compete with Netflix and Redbox.


Read more: http://www.businessinsider.com/blockbuster-closures-layoffs-2013-1#ixzz2IiqGSAdc

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