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Thread: the economic collapse blog

  1. #1
    Join Date
    Jun 2012
    Posts
    46

    the economic collapse blog

    I found this one at econimic collapse blog. It is a repost of a cato institute article on welfare:

    "According to the Cato Institute, someone in the state of New York that goes on welfare can bring home more in money and benefits than an entry-level school teacher makes in an entire year...

    The federal government funds 126 separate programs targeted towards low-income people, 72 of which provide either cash or in-kind benefits to individuals. (The rest fund community-wide programs for low-income neighborhoods, with no direct benefits to individuals.) State and local governments operate more welfare programs. Of course, no individual or family gets benefits from all 72 programs, but many do get aid from a number of them at any point in time.

    Today, the Cato institute is releasing a new study looking at the state-by-state value of welfare for a mother with two children. In the Empire State, a family receiving Temporary Assistance for Needy Families, Medicaid, food stamps, WIC, public housing, utility assistance and free commodities (like milk and cheese) would have a package of benefits worth $38,004, the seventh-highest in the nation.

    While that might not sound overly generous, remember that welfare benefits arenít taxed, while wages are. So someone in New York would have to earn more than $21 per hour to be better off than they would be on welfare. Thatís more than the average statewide entry-level salary for a teacher.
    "

  2. #2
    Thank our lord and god Obama for that.

    As for me, I plan on leaving the country next year before sheer chaos erupts. You guys that voted for this idiot can stay behind and enjoy the results of his work.
    Experienced Community organizer. Yeah, let's choose him to run the free world. It will be historic. What could possibly go wrong...

    "You're just a jaded cynical mother****er...." Jeffpeg

    (more comments in my User Profile)
    russbo.com



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