July 8, 2011
SouthAmerica: Reply to Morganist
First, regarding welfare in the United States we had many discussion on this subject here on ET:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=216802&perpage=6&pagenumber=20
April 11, 2011
SouthAmerica: Reply to thriftybob
They already started cutting Social Security here in the United States, every year in the last 3 years, and that is the strategy that they are going to use to destroy that safety net.
The US government has not given a cost of living adjustment for social security recipients here in the United States in the last 3 years, because they claim that there's no inflation here in the old USA.
And it's just a matter of time for them to freeze the amount people get from social security as they did with welfare.
Today the priorities of the United States government are: 1) Massive welfare program for Wall Street and financial institutions, and 2) Infinite amount of money available for the United States to wage wars around the world...
*****
We discussed that subject a number of times over the years here on the ET economics forum - here is an example:
http://www.elitetrader.com/vb/showt...678#post2427678
October 26, 2008
SouthAmerica: Did you know that the US government froze in 1974 the amount that Americans can get as WELFARE monthly benefit payments?
Until recently WELFARE â was an issue that not even the Republicans had the nerve to touch on that subject.
Welfare is money paid to persons, from a government, who are in need of financial assistance but who are unable to work for pay.
A social welfare provision refers to any program which seeks to provide a minimum level of income, service or other support for disadvantaged peoples such as the poor, elderly, disabled, students, unpaid workers such as mothers and other caregivers, and underprivileged groups.
From January 1974 to January 2008 = 34 years
What $ 1.00 bought in January 1974 in January of 2008 we need at least $ 5.00 to buy that same item. In another words, if you still receiving today the same amount of money that you used to receive in 1974 then you lost 80 percent of your purchasing power or you got a cut on your income of 80 percent because of inflation during that period.
Today there is a subject that even the Republicans donât have the nerve to talk about â and the Republicans usually donât care which group of people they are screwing most of the time.
Here is why:
Do you remember all these programs on television showing to the American people how well all those people were living out of their WELFARE check? And how much fraud was going on in the early 1970âs on that government program?
Have you seeing any candidate from either political party talking about the subject of welfare and how to cut the welfare program for the very poor in the political campaigns for president in 1996, 2000, 2004, and also in the current presidential campaign?
The answer is NO, not even the Republicans have the nerve to touch on that subject.
The candidates talk about reducing entitlements programs, but they are talking about Social Security, Medicare, and Medicaid. They are not talking about the WELFARE program for the very poor.
The word WELFARE is not part of any politiciansâ vocabulary for a long time here in the United States, at least since the decade of the 1980âs.
Most Americans donât know it, because nobody in the American mainstream media is interested on this subject today.
You must be wondering how the US government fixed the problems regarding that program?
The answer is very simple: the United States government froze the amount people can receive as welfare payment in the year 1974 â the amount people receive as monthly WELFARE payments has not increased in value since 1974, for example if a single person received $ 140 per month from welfare in 1974, a single person still receiving only $ 140 per month as welfare payment in 2008. Inflation cut the amount people receive from WELFARE by 80 percent. Welfare recipients have been receiving an annual cut on their welfare benefits year after year because of inflation.
To this day most Americans still think that the US government is spending a fortune with the people on welfare, and that welfare is one of the major causes for US government yearly budget deficits.
They created a certain perception about welfare for the American people in the 1970âs that has nothing to do with the welfare program in the United States in 2008.
I have no idea how people are surviving on their welfare checks in 2008 â today the amount of money they get as welfare on a monthly basis are below of subsistence level in most parts of the United States, and the only place they might be able to survive on that kind of income is in Zimbabwe.
It is ironic that the last American president to increase the amount of money that any American can receive as WELFARE payment on a monthly basis it was Richard Nixon a Republican president.
*****
I wrote the above piece in January 2008, before the Republican administration had created the largest WELFARE program for the rich in American history to the tune of trillions of US dollars.
Now the United States has one WELFARE program for the rich where some people are going to make a fortune.
And the United States still has its old WELFARE program for the destitute and very poor where people are barely being able to survive. Today even in Zimbabwe they must have a better WELFARE program for the poor.
Anyway, check out if you also qualify for the new US government welfare program for the rich and well connected.
.
SouthAmerica: Reply to Morganist
First, regarding welfare in the United States we had many discussion on this subject here on ET:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=216802&perpage=6&pagenumber=20
April 11, 2011
SouthAmerica: Reply to thriftybob
They already started cutting Social Security here in the United States, every year in the last 3 years, and that is the strategy that they are going to use to destroy that safety net.
The US government has not given a cost of living adjustment for social security recipients here in the United States in the last 3 years, because they claim that there's no inflation here in the old USA.
And it's just a matter of time for them to freeze the amount people get from social security as they did with welfare.
Today the priorities of the United States government are: 1) Massive welfare program for Wall Street and financial institutions, and 2) Infinite amount of money available for the United States to wage wars around the world...
*****
We discussed that subject a number of times over the years here on the ET economics forum - here is an example:
http://www.elitetrader.com/vb/showt...678#post2427678
October 26, 2008
SouthAmerica: Did you know that the US government froze in 1974 the amount that Americans can get as WELFARE monthly benefit payments?
Until recently WELFARE â was an issue that not even the Republicans had the nerve to touch on that subject.
Welfare is money paid to persons, from a government, who are in need of financial assistance but who are unable to work for pay.
A social welfare provision refers to any program which seeks to provide a minimum level of income, service or other support for disadvantaged peoples such as the poor, elderly, disabled, students, unpaid workers such as mothers and other caregivers, and underprivileged groups.
From January 1974 to January 2008 = 34 years
What $ 1.00 bought in January 1974 in January of 2008 we need at least $ 5.00 to buy that same item. In another words, if you still receiving today the same amount of money that you used to receive in 1974 then you lost 80 percent of your purchasing power or you got a cut on your income of 80 percent because of inflation during that period.
Today there is a subject that even the Republicans donât have the nerve to talk about â and the Republicans usually donât care which group of people they are screwing most of the time.
Here is why:
Do you remember all these programs on television showing to the American people how well all those people were living out of their WELFARE check? And how much fraud was going on in the early 1970âs on that government program?
Have you seeing any candidate from either political party talking about the subject of welfare and how to cut the welfare program for the very poor in the political campaigns for president in 1996, 2000, 2004, and also in the current presidential campaign?
The answer is NO, not even the Republicans have the nerve to touch on that subject.
The candidates talk about reducing entitlements programs, but they are talking about Social Security, Medicare, and Medicaid. They are not talking about the WELFARE program for the very poor.
The word WELFARE is not part of any politiciansâ vocabulary for a long time here in the United States, at least since the decade of the 1980âs.
Most Americans donât know it, because nobody in the American mainstream media is interested on this subject today.
You must be wondering how the US government fixed the problems regarding that program?
The answer is very simple: the United States government froze the amount people can receive as welfare payment in the year 1974 â the amount people receive as monthly WELFARE payments has not increased in value since 1974, for example if a single person received $ 140 per month from welfare in 1974, a single person still receiving only $ 140 per month as welfare payment in 2008. Inflation cut the amount people receive from WELFARE by 80 percent. Welfare recipients have been receiving an annual cut on their welfare benefits year after year because of inflation.
To this day most Americans still think that the US government is spending a fortune with the people on welfare, and that welfare is one of the major causes for US government yearly budget deficits.
They created a certain perception about welfare for the American people in the 1970âs that has nothing to do with the welfare program in the United States in 2008.
I have no idea how people are surviving on their welfare checks in 2008 â today the amount of money they get as welfare on a monthly basis are below of subsistence level in most parts of the United States, and the only place they might be able to survive on that kind of income is in Zimbabwe.
It is ironic that the last American president to increase the amount of money that any American can receive as WELFARE payment on a monthly basis it was Richard Nixon a Republican president.
*****
I wrote the above piece in January 2008, before the Republican administration had created the largest WELFARE program for the rich in American history to the tune of trillions of US dollars.
Now the United States has one WELFARE program for the rich where some people are going to make a fortune.
And the United States still has its old WELFARE program for the destitute and very poor where people are barely being able to survive. Today even in Zimbabwe they must have a better WELFARE program for the poor.
Anyway, check out if you also qualify for the new US government welfare program for the rich and well connected.
.
