Taking Wall Street Off Welfare

R. de la Luna

Editor@TheIndependentDaily.com

This article was originally published June 21, 2013. Since then the Market has once-again reacted pitifully and painfully to the likely curbing of added stimulus spending, already at more than $3 trillion in the last three years in added National Debt for our

great-great grandchildren, while Congress argues over cutting Food Stamps by $40 billion. It begs the question: are we at TID the only publication that sees the inherent irony in this?

-ed.

WASHINGTON (AP) - (June 20.2013) The House rejected a five-year, half-trillion-dollar farm bill Thursday that would have cut $2 billion annually from food stamps and let states impose broad new work requirements on those who receive them.

Those cuts weren't deep enough for many Republicans who objected to the cost of the nearly $80 billion-a-year food stamp program...

It had to happen, and we all knew the repercussions would be tremendous. Somehow, in the last three years the Fed and the Treasury have pumped 3 trillion US Dollars into the Market where it has found its way into private investor hands. It printed and distributed this vast fortune through the Fed to “re-energize” investors: to add more stimulus.

In other words, $3 trillion has been added to your grandchildren’s debt having now transferred that amount to individuals, some of whom are US citizens while some are not, who have done nothing to earn what they have been paid.

With this government money these Welfare “Mothers” (an abbreviation) are going to buy a new Cadillac or Mercedes and drink expensive hooch while reclining about their country or city homes watching television and letting the children run unsupervised at private schools somewhere in Switzerland.

Last year in America all combined government spending (Fed, State, County and Local) on Welfare and related programs was $422 billion, but supporting millions of Americans who live on the razor’s edge much of the time without a home either in the city or country.

The vast majority don’t drive Cadillac automobiles off the showroom floor, and while they may assuage the reality of their worsening position with a bottle of Sneaky-Pete on a Friday night, they aren’t sharing a “Thousand Dollar Bottle” of 50 year old cognac with their dear friends, Muffy and Skip who just came in from the Hamptons. They’re trying to stay alive.

Thursday’s Dow plunge of more than 350 Dollars (not points) proved the old Republican axiom that Welfare doesn’t work on Wall Street...

Wait: They say it doesn’t work for America’s poor, and that’s why they’re pressing their point in Congress attempting to cut the USDA’s Food Stamp program by $2 billion.

“O, my God, Muffy! How can we possibly keep caviar on our table without Food Stamps?”