Thanks, Obama! 44.7 Million Americans Now on Food Stamps…

July 1, 2011

Food stamp participation rates jumped to a new ALL-TIME HIGH of 44.647 MILLION Americans, nearly 14.5% of the population after April’s upward adjustment.

Can you imagine what will happen during a dollar collapse when a group of 45 million Americans’ $282 monthly food stamp credit buys a gallon of milk? 

Unimaginable riots are coming to a city near you when 15% of Americans are rudely and suddenly forced (by hyperinflation) off the federal teat.

From:  http://silverdoctors.blogspot.com/2011/07/447-million-americans-now-on-food.html


Thanks, Obama! Government Payouts Now Make Up More Than One-Third of Total Wages and Salaries of U.S. Population

March 8, 2011

Government payouts—including Social Security, Medicare and unemployment insurance—make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement.

 

Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960, according to TrimTabs Investment Research using Bureau of Economic Analysis data.

 

“The U.S. economy has become alarmingly dependent on government stimulus,” said Madeline Schnapp, director of Macroeconomic Research at TrimTabs, in a note to clients. “Consumption supported by wages and salaries is a much stronger foundation for economic growth than consumption based on social welfare benefits.”

 

The economist gives the country two stark choices. In order to get welfare back to its pre-recession ratio of 26 percent of pay, “either wages and salaries would have to increase $2.3 trillion, or 35 percent, to $8.8 trillion, or social welfare benefits would have to decline $500 billion, or 23 percent, to $1.7 trillion,” she said.

 

From:  http://www.cnbc.com/id/41969508


Obama and Family Showered With Expensive Gifts From Foreign Leaders During First Year in White House

January 19, 2011

Foreign leaders showered President Barack Obama and his family with hundreds of thousands of dollars in art, jewelry, rare books and other presents during their first year in the White House.

 

Saudi Arabia’s king was the most generous gift-giver, according to documents released by the State Department on Tuesday.

 

Saudi King Abdullah gave Obama, his wife and daughters nearly $190,000 in luxury baubles in 2009, including the single most valuable gift reported to have been given to U.S. officials that year: a ruby and diamond jewelry set, including earrings, a ring, a bracelet and necklace, for the first lady worth $132,000.

 

But don’t be looking for the first lady to be wearing the dazzling gems anytime soon. By law, most gifts to U.S. officials must be turned over to the government and the jewelry has already been sent to the National Archives.

 

In addition to the ruby and diamond jewelry, the Saudi monarch presented Michelle Obama with a $14,200 pearl necklace. He gave the president a marble clock adorned with miniature gold palm trees and camels valued at $34,500. He sent first daughters Sasha and Malia Obama diamond earrings and necklaces worth more than $7,000.

 

From: http://www.msnbc.msn.com/id/41142512/ns/politics-white_house/