The USDA Is Pushing Food Stamps Like a Drug Dealer at a Grade School

"Last year the USDA targeted Spanish speaking citizens (and non-citizens) with a radio 'novela' – which was basically a soap opera outlining how the lives of the characters improved as soon as they went on SNAP. In many locations, outreach programs are taking place – people don’t even have to go down to the benefits office to sign up. They can find out if they are eligible right in the grocery store parking lot. The USDA is spending an additional THREE MILLION DOLLARS not on providing food, but on providing outreach to convince people to accept benefits that folks never realized they 'needed'." Continue reading

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Few Dare Discuss Social Security and the Decline in Full-Time Employment

"If the global economy slides into recession in the years ahead, as seems increasingly likely, full-time employment in the U.S. could slip to 100 million while the number of beneficiaries continues to soar by 10+ million a decade. All the official projections assume steady, strong increases in payroll taxes and full-time employment; the system's deficits will explode higher if full-time employment sags while the number of beneficiaries increases from 57 million to 70 million and then on to 80 and 90 million. Anyone who cares about the viability of Social Security had better wake up to the widening divergence of full-time employment and SSA beneficiaries." Continue reading

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Social Security and Medicare: Twin Disasters Loved by All Age Groups

"The Social Security system, like the Medicare system, is beloved of younger workers, because they think they're going to get a free lunch from the government when they're older, and this enables them to spend less money now for their retirement years. They love it. They figure somebody else is going to pay for their retirement, and they think they're going to dig deep into somebody else's wallet. This is a Ponzi scheme. But Ponzi schemes are incredibly popular with people. Think of Bernie Madoff. People loved to get in. They begged to get in. Madoff realized early that it was this insatiable desire for outsiders to get in that was his sustaining factor." Continue reading

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Nearly Every Major Federal Agency Has Reduced Projected Furloughs

"When sequestration was about to kick in, the Obama administration began a nearly across-the-board campaign to discuss the devastating impact the automatic cuts would have on agency operations. Furloughs, combined with hiring freezes, would disrupt the proper functioning of government, agency chiefs said, as fewer employees working fewer hours could not accomplish the same amount as a fully staffed workforce. While many federal agencies have in fact moved forward with furloughs, most major departments have reduced furlough days, or eliminated them altogether." Continue reading

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Philadelphia Borrows $50 Million So Its Schools Can Open on Time

"Superintendent William R. Hite Jr. said the $50 million was necessary to provide the minimum staffing needed for the basic safety of the district’s 136,000 students. In June, the district closed 24 schools and laid off 3,783 employees, including 127 assistant principals, 646 teachers and more than 1,200 aides, leaving no one even to answer phones. For a number of years, Mayor Michael A. Nutter and the City Council have been working, with some success and a fair amount of taxpayer pain, to shore up the city’s finances, which have been troubled by mounting debt, a shrinking tax base and unfunded pension and health care obligations to retirees." Continue reading

Continue ReadingPhiladelphia Borrows $50 Million So Its Schools Can Open on Time

Philadelphia Borrows $50 Million So Its Schools Can Open on Time

"Superintendent William R. Hite Jr. said the $50 million was necessary to provide the minimum staffing needed for the basic safety of the district’s 136,000 students. In June, the district closed 24 schools and laid off 3,783 employees, including 127 assistant principals, 646 teachers and more than 1,200 aides, leaving no one even to answer phones. For a number of years, Mayor Michael A. Nutter and the City Council have been working, with some success and a fair amount of taxpayer pain, to shore up the city’s finances, which have been troubled by mounting debt, a shrinking tax base and unfunded pension and health care obligations to retirees." Continue reading

Continue ReadingPhiladelphia Borrows $50 Million So Its Schools Can Open on Time

The Blow That Killed America 100 Years Ago

"'There is a lot of ruin in a nation,' wrote Adam Smith. His point was that it takes a long time for nations to fall, even when they’re dead on their feet. And he was certainly right. America took its fatal blow in 1913, one hundred years ago; it just hasn’t hit the ground yet. This is a slow process, but it’s actually fast compared to the Romans. It took them several centuries to collapse. For all the problems America had prior to 1913 (including the unnecessary and horrifying Civil War), nothing spelled the death of the nation like the horrors of 1913. Here are the key dates." Continue reading

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Bill Bonner: Thank You, TSA, NSA, FBI, and CIA!

"Respect for authority is cyclical. And presently, the authorities are enjoying an upswing. People look to them to get things they can’t get on their own. Health care paid for by someone else… a retirement they can’t afford… and foolish pride they don’t deserve. U.S. troops patrol the streets of towns we never heard of… American drones wipe out families we never met… the NSA listens in on the world’s conversations… Yes, thanks to the NSA, TSA, CIA, IRS, FBI, and Pentagon, no sparrow can fall anywhere in the world without it setting off alarms in America’s command centers." Continue reading

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Fox News Follows California Beach Bum Living Off Food Stamps For Years

"Meet Jason Greenslate. You don’t know him but you help buy him his food. With no job and no plans to get one, Jason picks up a cool $200 a month on his EBT card courtesy of ‘we the people’. How many more Jasons are there out there?" Continue reading

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Detroit, Demographics and Detonation

"The baby boom generation is an abnormality. It was the byproduct of halcyon days — not that we knew it at the time. But as we have seen in Detroit, when demographics shift from production to pension, there is trouble ahead. Low birth rates combined with a plethora of maturing adults on the cusp of retirement turns the pyramid of society on its head. Lower growth in itself is not a bad thing. We are still moving forward. The problem is certain promises (welfare and health commitments) have been made that cannot be kept if growth does not return to around the 3% mark. Putting this genie back in the bottle is going to be a political nightmare." Continue reading

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