Welfare Spending = $168 Per Day for Every Household in Poverty … $137 Median Income Per Day

We have reached a tipping point, welfare spending now more than medium income …  what has happened to our country? America, do you still remember what the word pride means?

As reported at the Weekly Standard, the amount of money spent on welfare programs equals, when converted to cash payments, about “$168 per day for every household in poverty.”  Welfare spending per day per household in poverty is $168, as opposed to the median income per day is only $137. Can you say unsustainable? People are going to begin to say, why work? And that is exactly how you crate a socialist society. At some point this has got to stop. For all the welfare spending, it has accomplished nothing except to create a dependent welfare class of people whose vote can be bought and the loss of liberty and self-respect.

According to the Republican side of the Senate Budget Committee, welfare spending per day per household in poverty is $168, which is higher than the $137 median income per day. When broken down per hour, welfare spending per hour per household in poverty is $30.60, which is higher than the $25.03 median income per hour.

“Based on data from the Congressional Research Service, cumulative spending on means-tested federal welfare programs, if converted into cash, would equal $167.65 per day per household living below the poverty level,” writes the minority side of the Senate Budget Committee. “By comparison, the median household income in 2011 of $50,054 equals $137.13 per day. Additionally, spending on federal welfare benefits, if converted into cash payments, equals enough to provide $30.60 per hour, 40 hours per week, to each household living below poverty. The median household hourly wage is $25.03. After accounting for federal taxes, the median hourly wage drops to between $21.50 and $23.45, depending on a household’s deductions and filing status. State and local taxes further reduce the median household’s hourly earnings. By contrast, welfare benefits are not taxed.”

Sadly, Doug Ross may have best summed up this disastrous overspending on the welfare state, “We are headed for fiscal collapse — and the welfare state keeps growing like a cancer, incentivizing sloth, formalizing a culture of dependency, and killing self-sufficiency.”

Just curious America, do you even care anyone about your country, why it was founded for Liberty?

Welcome to Obamaland and “Hope & Change” … American Households Hit 43 Year Low In Net Worth

Welcome to Obamaland and Obama’s vision of “hope and change” as American households have hit a 43 year low in net worth.  All this America and you still voted Obama back into office even though he hasn’t a clue as to how to fix the economy or job growth. Sadly, an ignorant electorate still seems to blame Bush for the economy. At what point is America going to wake up and realize that it is an Obama owned economy? Just curious, who is Obama going to blame during his second term in office for the failed inherited economy when he inherited it from himself?

Obama laughed himself silly when he realized that a misinformed electorate actually reelected him without a clue to help fix the economy

The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.

According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.

According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000? figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”

America, class warfare is not an economic policy and campaigning is not leadership. Grow up!

Daily Commentary – Thursday, November 22, 2012 – Thanksgiving on Food Stamps

• A record 42.2 million Americans will be using food stamps to purchase their Thanksgiving dinner this year!

More Data Not Provided to “We the People” … Obama Administration Hid Record Food Stamp Numbers Until After 2012 Election

Transparency eh? More from the Obama win reelection at any cost … the Reelection Obama campaign worked the “Mushroom” principle perfectly on “We the People” and they fell for it.

The Artful Dodger … Obama’s “Mushroom” principle worked like a charm in getting him reelected president for a second term. Thanks to a corrupt and in the tank media and an apathetic electorate Obama’s “Mushroom” approached won. For those of you who do not know what the “mushroom” principle is, it is keeping the public in the dark and feeding them bull shit. As reported at Zero Hedge, the Obama Administration hid the record number of food stamp recipients from the public for several days until after the election.

All-Time record - 47.1 million Americans were on food stamps last month

While there had been speculation that the BLS may delay the release of its October nonfarm payroll number until after the election, it turned out there was no reason to worry. Perhaps this is because the number, while at stall speed, was not quite as horrible as some had expected (even if the change in average hourly earnings did tumble to new all time lows) and so boosted Obama’s reelection chances. There was, however, another closely tracked number which perhaps is far more indicative of the economic “growth” in the past 4 years, which certainly had a delayed release. The number of course is that showing how many Americans are on foodstamps, and usually is released at the end of the month, or the first day or two of the next month. This time the USDA delayed its release nine days past the semi-official deadline, far past the election, and until Friday night to report August foodstamp data. One glance at the number reveals why: at 47.1 million, this was not only a new all time record, but the monthly increas e of 420,947 from July was the biggest monthly increase in one year.

The Obama administration stonewalled and misrepresented the facts in the attacks on Benghazi and the murder of four Americans. They played four-corners with the CIA Director Petraeus resignation. Jobs data has been questionable. Let us not forget about Iran trying to shoot down one of our drones, that was only reported until after the election as well.  All this was pushed off until after the election so that the public would not have all the facts prior to a presidential election. Of course with the aid of a willing and complicit media.

Other Record for President Barack Obama … Record High Enrollment for Food Stamps to 46,681,833 Million

Barack Obama, the Food Stamp President …

Add yet another dubious record for President Barack Obama. Thanks to the failed economic policies of Obama, food stamps enrollment has hit a new record high 46,681,833 million. So America I ask you, are you better off today than you were four years ago?

Food stamps enrollment has hit a new record high. 46,681,833 million are now enrolled in the social welfare program, according to the United States Department of Agriculture, the federal department that runs the program.

Here’s a chart from the minority side of the Senate Budget Committee, outlining the program’s enormous growth:

As the chart shows, when President Obama took office, enrollment in the food stamps program was 31.98 million. Now, not even four years later, it’s a whopping 46.48 million. (In 2002, as the chart states, “19.1 million Americans received food stamps.”)