Thursday, 24 October 2013
Friday, 20 September 2013
20 Sept 2013
America used to be a place where there once was a cushion in times of crisis and now that system has been frayed. We have a one strike and your out economy. We can jump from middle class to become extremely venerable with the middle class being the most venerable. The House just approved the overhaul of our nations food stamp program by cutting $39 billion in funding over the next decade at a time when we need it the most. Including 3.8 million by 2014 affecting around 4 million Americans. At this time 14 percent of American households are on food stamps a total 16.4 million households (47 million people) almost half the recipients are non hispanic whites. (48%)
Cantor said that the cuts were necessary because many people abuse the system, "Frankly, it's wrong for hardworking, middle-class Americans to pay for that."
The problem is that we are living in an failing economy where in reality the rich are getting richer and the middle class and poor are getting poorer. Think of it this way, there is only so much money in the world and so far that it can spread. If you have ten dollars to share between three people and one person has 4 while the other two have three. The one with four rents his home to one for 1 dollar and the other for 2 dollars. That leaves a total of two dollars for one and one dollar for the other. Now the person that had four now has seven.
The truth of the matter is that the middle class is shrinking and here are some facts to wake you up: