Monday, March 11, 2013

.Stop Griping About Food Stamps.

       Please allow me to vent today. This morning on MSNBC's Morning Jo, I listened to a Republican Senator complain about ALL THE PEOPLE ON FOOD STAMPS. When questioned about it, he pointed out that there are (something like) eleven million more people on food stamps. HELLO! For every person who lost their job, good paying job, because of the Great Recession, at least three people were forced to rely on food stamps and probably more like four people.
       When a spouse loses a good paying job and even if he or she finds work paying much less, which has been the case for many people since 2008, then that family is forced to look for help from sources like food stamps. So if somewhere near ten million people lost their jobs during the Great Recession then you might expect as many as forty million more people on food stamps. So to keep me from losing my mind completely, please stop complaining about the people on food stamps.
       If you must complain about somebody or some group, complain about those responsible for the Great Recession. Blame the banking system and Wall Street. Them and government oversight and the relaxing of regulations. Now I know, some will claim it was the bursting of the housing bubble that caused the Great Recession. But the housing bubble was created by the expanded profit centers for home financing and the even more profitable profit center from mortgage foreclosures.
       Of course lots of people bought more home than they could afford. Except that mortgage brokerages found ways to attract people of lesser ability to pay, by offering mortgages with nearly no interest and extreme long durations. Then after a prescribed period, those interest rates mushroomed. This ain't theory folks, this is what happened. And government stood by and allowed it to happen and still hasn't corrected the regulations, so it could easily happen again.
       Now I'm not frothing at the mouth at the Republicans alone. The Democrats and the current and past Presidents did nothing or little either. But the real question is how do we cure these problems. First lets worry about the economy. That's where the debt and deficit will be best handled. That's where the roles of food stamp recipients will decrease the quickest. That's where unemployment benefits demand will shrink to next to nothing.
     
If we don't want to tax small businesses or other job creators, then how about taxing any company holding funds outside America at a rate of fifty percent higher than their tax rate. It would amount to a penalty for keeping profits from being brought into America. Estimates are that it costs the U.S. over $300 billion per year. So we'd get that $300 billion or we'd get $450 billion if the companies wanted to keep their money overseas. That way we could afford to reduce the tax rate on business.

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