tagged w/ american unemployment
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The number of people on food stamps keeps hitting new all-time highs; as of September, nearly 43 million people were using the program, according to figures out this week.
Of course, because of population growth, absolute numbers only tell part of the story. The best way to look at the numbers over a long period of time is as a percentage of the population. And when you do that, you see that we're also hitting new highs.
The criteria for qualifying for food stamps haven't changed much over time, according to Jean Daniel, a spokeswoman for the government agency that oversees the food-stamp program (the program is officially known as SNAP, by the way).The number of people on food stamps keeps hitting new all-time highs; as of September,... more
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"If you tell a big enough lie and tell it frequently enough, it will be believed."
— Adolf Hitler
"Everything the State says is a lie, and everything it has it has stolen."
— Friedrich Nietzsche
"If you tell the truth, you don't have to remember anything."
— Mark Twain
"I'm not upset that you lied to me, I'm upset that from now on I can't believe you."
— Friedrich Nietzsche
Of course, we should be wary of any employment numbers reported by the U.S. Department of Labor. The government crunches numbers whereby 2+2 does not always equal 4!"If you tell a big enough lie and tell it frequently enough, it will be... more
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For decades, our politicians have been deeply addicted to government debt, they have stood idly by as millions of our jobs have been shipped overseas and they have passed countless business-crushing regulations and they never thought that it would catch up with us. Well, it has. America has been living in the biggest debt bubble in the history of the world, and now that bubble is starting to pop. There has never been such an extended period of unemployment in the United States since the Great Depression, and millions of Americans are losing their homes. Homelessness is skyrocketing, tent cities are popping up everywhere and countless numbers of American families are experiencing the soul-crushing despair that comes from desperately trying to hang on for month after month after month.
Now, because of the horrific hole that our politicians have dug for us, we are faced with some heartbreaking choices. For example, right now the U.S. Congress is deciding whether or not to extend long-term unemployment benefits for the nation’s jobless.
Extending those benefits through the end of February would add another $12.5 billion to the U.S. national debt. But not doing it would cut off the only lifeline that many Americans have just in time for the holidays.
The extension of jobless benefits that was passed last summer expires on December 1st. If these long-term benefits are not renewed, approximately 2 million unemployed Americans will lose their checks.
But what can the U.S. Congress do? Just keep going into endless amounts of debt? As I have written about previously, the United States is never going to see another balanced budget ever again under the current system. The U.S. government is flat out broke. Somehow our politicians desperately need to find a way for the federal budget to stop hemorrhaging red ink.
There is no more “extra money” to spend. The U.S. government has piled up the biggest mountain of debt in the history of the world and we are headed for a complete and total economic disaster because of it.
But what are we going to do? Are we going to let millions of Americans starve in the streets?
It’s not just the rapidly rising number of homeless Americans that is the problem. Millions of Americans are not going to be able to heat their homes this winter. Millions of others are going to have to choose between buying medicine and buying food because they will not be able to afford both.
How would you like to be at a point where you could not go to the doctor because you knew that you could not pay the deductible?
How would you like to be at a point where you had to decide whether to buy diabetes medicine or to buy macaroni and cheese to feed your family?
More than 42 million Americans are now on food stamps, and that number keeps going up month after month after month.
Just think about that.
42 million Americans would not be able to eat if the U.S. government did not give them handouts.
The safety net is getting awfully crowded.
If you really want to see some soul-crushing desperation, go check out the flood tunnels under the city of Las Vegas. But do not do this alone – it is very dangerous down there. Today, there are hordes of “tunnel people” who call those dark tunnels home. Nobody knows for sure how many people are down there (some people say that it is well into the thousands), but everyone agrees that the number is rapidly growing.
But in many major U.S. cities there are no flood tunnels to go to. Instead, in many areas of the United States huge tent cities have sprouted. The following is a video news report from the BBC about the tent cities that are popping up all over America….
READ MORE: http://globalpoliticalawakening.blogspot.com/2010/11/tent-cities-homelessness-soul-crushing.htmlFor decades, our politicians have been deeply addicted to government debt, they have... more
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Details from John William’s Shadow Stats:
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
READ MORE: http://globalpoliticalawakening.blogspot.com/2010/11/real-unemployment-rate-is-22.htmlDetails from John William’s Shadow Stats:
The seasonally-adjusted SGS... more
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WASHINGTON — Any more stimulus spending by President Barack Obama and Congress is dead, after this week's election blowout by the Republicans. Yet, Federal Reserve Chairman Ben Bernanke's "Hail Mary" pass to pump $600 billion into the banking system is really stimulus spending under another name.
The Fed won't be spending taxpayer money or borrowing from China. It will be doing the electronic equivalent of creating dollars out of thin air. The central bank will then use the new money to buy longer-term government bonds. The Fed's plan will initially increase the supply of dollars held by banks, hopefully spurring more lending.
If all goes according to Bernanke's script, the bond purchases – $75 billion a month for eight months – should force down yields, taking with them interest rates for homeowners, consumers and businesses. It should also help make U.S. goods more competitive overseas and keep alive a stock market rally that began in August.
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/feds-pact-with-devil-now-only-stimulus.htmlWASHINGTON — Any more stimulus spending by President Barack Obama and Congress... more
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WASHINGTON — The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
The Labor Department said Thursday that initial claims for unemployment aid rose by 20,000 to a seasonally adjusted 457,000 for the week ending Oct. 30. Wall Street analysts polled by Thomson Reuters had expected a smaller rise.
The increase comes after claims fell in four of the previous five weeks. Those drops had brought claims to their lowest level since July and raised hopes the job market was improving.
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/applications-for-jobless-aid-rise.htmlWASHINGTON — The number of people seeking jobless benefits jumped sharply last... more
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My Friend Pete takes on a BIG RESPONSIBILITY. And Gets The "BIRD" For Helping Out!My Friend Pete takes on a BIG RESPONSIBILITY. And Gets The "BIRD" For... more
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swrnc
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added this
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1 year ago
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Unions and liberal groups are dismissing Democratic Sen. Harry Reid’s $15 billion jobs bill as puny while calling for larger stimulus measures.Unions and liberal groups are dismissing Democratic Sen. Harry Reid’s $15... more
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