November 13th, 2012
Do you think the government will be there for you in the middle of a crisis?
If they can’t handle the emergency response after a Category 1 hurricane, what will this country look like when the economic and fiscal crisis comes to a head?
What happens if the US dollar comes under attack from foreign creditors who choose to no longer accept it in trade? How will we as [...]
November 1, 2012
It’s been more than three days since power went out in many parts of New York City, including the Lower East Side where multi-story public housing complexes like the La Guardia Houses don’t have electricity, heat or water.
Many of the residents are also without food.
Many of the low-income residents receive cash and supplemental nutritional assistance from the state electronically through what the New York State Office of [...]
September 19th, 2012
The after-effects of 2012′s summer drought are far from over.
According to a new analysis from Rabobank this year’s crop failure and premature slaughtering of pigs, cattle and other staple meats will lead to an average 15% surge in food prices in 2013.
It may not sound like much, but when you combine this with monetary easing that threatens to rapidly depreciate the value of the dollar and an already indebted U.S. consumer, we can [...]
From Zero Hedge:
In November 2008, President Barack Obama won the popular election for president by 9.5 million votes. A burgeoning financial crisis and weakening economy helped his candidacy at the time, but four years on the sluggish pace of economic recovery is a headwind to his re-election.
Consider, for example, that there are currently 12.8 million people unemployed in the U.S., or that an estimated 8 million adults entered the SNAP [...]
In November 2008, President Barack Obama won the popular election for President by 9.5 million votes. A burgeoning financial crisis and weakening economy helped his candidacy at the time, but four years on the sluggish pace of economic recovery is a headwind to his re-election. Consider, for example, that there are currently 12.8 million people unemployed in the U.S., or that an estimated 8 million adults entered the SNAP (Food [...]
From Carpe Diem:
Here’s some voodoo economics from the U.S. Department of Agriculture claiming that every additional $1 of food stamp spending magically creates almost $2 in new economic activity:
Why does increasing participation in SNAP (the federal food stamp program, now known at the Supplemental Nutritional Assistance Program) make sense for your community?
SNAP Generates Economic Activity
SNAP brings Federal dollars into communities in the form of benefits which are redeemed by SNAP [...]
Americans spend $80 billion each year financing food stamps for the poor, but the country has no idea where or how the money is spent.
Food stamps can be spent on goods ranging from candy to steak and are accepted at retailers from gas stations that primarily sell potato chips to fried-chicken restaurants. And as the amount spent on food stamps has more than doubled in recent years, the amount of [...]
The SNAP numbers for February are posted and we didn’t break 40,000,000!! The Supplemental Nutritional Assistance Program numbers for the past several years and this year as at February averaged for the year:
Year……People In Program……Cost Of Program
2001…..17,318,000………………..$15.5 billion – begin ’01/’02 recession
Let’s stop here and ask ourselves a question – just WHAT kind of recovery did we actually have after the recession of 2001/2002 if [...]