$1 of every $5 in US wallets in 2010 came from programs like unemployment & SS

Post by jtolle » Mon, Jul 11, 2011, 8:44 PM UTC

diogenescynic wrote: post #10

jtolle wrote: post #8

Earlier quoted context omitted.

Actually the article is talking about income. The current HN title is wrong. According to the linked article: "Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics." I do wonder what the figure would be for actual assets. Surely much lower than 20%, but I guess that would be…

I tried to use: Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability But it was still way too long, so I had edit the title down to fit it in.

Post by pyre » Mon, Jul 11, 2011, 9:01 PM UTC

paulpaul12 wrote: post #6

With a growing poor population via the influx of immigrants getting out of our financial crisis will be an even slower process. This population is the 2nd largest and the fastest growing. They currently have minimal buying power. Case in point go to your local state park and witness America's future. The face of America in 30 to 50 years and the language we speak will be remarkably different. Im sure this will be dow…

Post by jbooth » Mon, Jul 11, 2011, 9:06 PM UTC

gaius wrote: post #14

jbooth wrote: post #9

Earlier quoted context omitted.

What exactly does that do for the people who've been out of work? 100% rebate on 0 is still 0, right? Not to make a political statement out of things but you're saying you'd prefer they didn't get their unemployment, giving that money back to me and you as tax rebates instead? Trying to see how your suggestion is relevant to the article.

In this scenario, anyone who'd just lost their job would have a lump sum of 40% of their previous salary, plus whatever entitlements they had for unemployment. Anyone still in a job would have that cash to either pay down their debts or to spend on goods and services that would sustain/create more jobs. It's a win/win scenario.

Post by [deleted] » Mon, Jul 11, 2011, 9:18 PM UTC

maxharris wrote: post #12

paulpaul12 wrote: post #6

With a growing poor population via the influx of immigrants getting out of our financial crisis will be an even slower process. This population is the 2nd largest and the fastest growing. They currently have minimal buying power. Case in point go to your local state park and witness America's future. The face of America in 30 to 50 years and the language we speak will be remarkably different. Im sure this will be dow…

as a population Racism is a form of collectivism, and that phrase is indisputably collectivist: http://aynrandlexicon.com/lexicon/racism.html I agree that America should be a melting pot once again, but if you're going to champion American culture consistently, you must wipe collectivist ideas from your mind. We are all individuals, independent from one another, and we must be judged and thought of individually. Edit…

Post by paulpaul12 » Mon, Jul 11, 2011, 9:46 PM UTC

pyre wrote: post #13

paulpaul12 wrote: post #6

With a growing poor population via the influx of immigrants getting out of our financial crisis will be an even slower process. This population is the 2nd largest and the fastest growing. They currently have minimal buying power. Case in point go to your local state park and witness America's future. The face of America in 30 to 50 years and the language we speak will be remarkably different. Im sure this will be dow…

http://boston.com/bostonglobe/ideas/articles/2007/11/25/the_... http://en.wikipedia.org/wiki/North_American_Union