Social Security’s looming $32 trillion shortfall (That’s right 32 TRILLION)

But hey, who cares? I mean I’ll be dead by the time Social Security implodes. I paid into it. I want my money. That most people take out far more in Social Security than they put in in a lifetime means nothing to me. I was promised Social Security and darn it I am going to get my check.

The grand kids can figure it out.

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The Forgotten Depression (Forgotten because the market corrected so quickly, sans government intervention)

It’s a simple concept but one which is lost on many modern economists and lay people alike.

In the event of an economic downturn get government out of the way. Let markets clear. Then like a forest after a forest fire the economy will come back with real growth. 

Of course no one likes this idea—the one that actually works—because when things go bad everyone wants leaders “to do something, anything!” This action from planners and pols then in turn extends recessions/depressions as was the case during the Great Depression and the most recent depression.

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Ouch, the Bill for ObamaCare Coming Due

Squint and it looks like a map of DC.

Obamacare is a disaster for a multitude of reasons, most of which we have documented here at one time or another. But it looks like the program will survive in some form and will be yet another government created vampire which slowly saps the energy of the US economy.

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If you live in these states you have a 1 in 5 chance of being on food stamps

For a large swathe of the middle of the country the recession lingers on big time. But a couple of other things to consider as we look at these numbers is the degree to which food stamps have become deeply ingrained in the very culture of some areas, and also the degree to which a low cost of living in some parts means that a larger portion of the population qualifies for such assistance. The two factors probably compound each other.

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States are recruiting people (with recruiters) into food stamps because it means a federal money infusion.

Attached is the tale of Dillie Nerios a recruiter (with quotas) for the Florida SNAP program. She spends her days talking with senior citizens trying to get them to sign up for government assistance.

She seems like a pleasant enough woman and no doubt her job is often a heart wrenching one. But should the food stamp program have people actively out in the community seeking to expand the program?

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Report: How Food Stamps Benefit Corporations (EBT is Big Business)

We have written before about the big business of Food Stamps in this country. To Pizza Hut lobbying for Food Stamp use in their restaurants, to JP Morgan servicing the program for hundreds of millions of dollars, it’s not hard to see why SNAP, EBT, WIC, Food Stamps, whatever are becoming more entrenched in our economy and society. There’s a lot of money to be made in these programs.

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