I’M SURE THIS IS AN ISOLATED CASE – RIGHT?

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Posted on 17th May 2013 by Administrator in Economy |Politics |Social Issues

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This is how good old FSA Capitalism is conducted in the shithole known as Camden NJ. Who needs to sell food to people with SNAP cards? That’s old school. You can fund your luxury automobiles and villas in the Dominican Republic if you play your EBT cards correctly. Obama and his minions are doling out $76 billion per year of your tax dollars to 48 million people. Do you think this is an isolated case of fraud? Or do you think that half the people getting food stamps are lazy freeloaders and the corner grocery stores in the urban shitholes are conducting fraud on a massive scale?

What the story doesn’t discuss is why people would sell their EBT cards for cash at a 50% discount. It’s because you can’t buy malt liquor, smokes and drugs with an EBT card. Let’s hear from the bleeding heart liberals that this behavior is OK because the Wall Street shysters do far worse. I love those stories.

 

Grocery manager charged in $1 million  food-stamp fraud

Joseph A. Gambardello, Inquirer Staff  Writer

A Camden grocery store manager was arrested Thursday and charged with  stealing more than $1 million from taxpayers in a food-stamp scheme.

Alexander D. Vargas, 34, allegedly bought food stamps for 50 cents on the  dollar and pocketed the other 50 cents after redeeming the food stamps without  selling any food, the U.S. Attorney’s Office said. It is unlawful to exchange  food-stamp benefits for cash.

Vargas managed the former Eddie’s Grocery on the 1500 block of Mount Ephraim  Avenue in the city’s Whitman Park section, officials said.

Vargas allegedly carried out the scheme between February and November of last  year, and used the money to buy vehicles and property in his native Dominican  Republic, according to a criminal complaint.

Under what is officially  known as the Supplemental Nutrition and Assistance Program (SNAP), recipients  are issued a benefits card through which permitted purchases are deducted by an  authorized terminal at food stores.

The complaint said that in February 2012, Vargas was added as an authorized  cosigner to the bank account into which the store’s SNAP redemptions were  deposited.

That month, the store collected more than $307,000 in SNAP redemptions, far  in excess of the $23,333 a month the store was expected to receive, the  complaint said.

Over the 10-month period, the difference between what the store should have  redeemed and what it actually collected amounted to more than $2.8 million,  officials said.

On five different occasions, a confidential witness and an undercover agent  traded $1,359.75 in SNAP benefits for $650 cash, the complaints said.

Officials said such transactions were common at the store.

Vargas is charged with one count of theft of U.S. funds, which is punishable  by up to 10 years in prison and a $250,000 fine.

 

TRUTH & CONSEQUENCES

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Posted on 12th May 2013 by Administrator in Economy |Politics |Social Issues

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The bimbos and clowns on CNBC and shills and shysters like Barry Ritholtz have been breathlessly gushing about the new record highs in the stock market. They count on the fact the masses aren’t mathematically capable of understanding inflation. It seems the market is still well below the real level of 2007 and 25% below the real level of 2000. Perspective and truth paint a different picture than the one being portrayed in the media today.

A critical thinking skeptic might ask how could the economy be in the midst of a four year recovery, stock market be reaching all-time highs, and corporate profits be 70% above their long-term mean if real salaries and wages per capita are 8% below the 2007 high and still below levels in 1998.     

If the economy is dependent upon consumers for 71% of its growth, how can it be growing if real wages and salaries are lower than they were 15 years ago?

The answer is simple. It isn’t growing. The economic information reported by government drones is fraudulent. The stock market ramp is fraudulent.

The truth will set you free and the consequences when the masses realize they’ve been screwed will be ugly. 

SSDI IS THE SIZE OF GREECE

79 comments

Posted on 8th May 2013 by Administrator in Economy |Politics |Social Issues

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The number of people on SSDI now exceeds the entire population of Greece. Anyone who argues that the rise in people on SSDI is normal and predictable is either a dumbfuck or a lying liberal Obama lover. The aging of the population has nothing to do with the increase. In 1968 there were 51 workers for every person on disability. Today there are 13 workers for every person on disablity. I think even liberal douchebags would agree that medical advancements since 1968 have been significant. These medical advancements would argue for less people being on disability and unable to work. Even a liberal douchebag would agree that workplace safety measures have been increased exponentially since 1968, so that also argues for less disabled workers. The good old ADA law forced all workplaces to become disabled friendly. That argues for less people on disability. The country has transitioned from a manufacturing society to a service society. Workers don’t work on dangerous assembly lines anymore. Robots do the dangerous stuff. Even a liberal ideologue would agree. This should have dramatically reduced worker injuries and disabilities.

Everything I’ve pointed out is true. The tremendous increase in people on SSDI is nothing but a gigantic fraud, perpetuated by the Federal government and slimy lawyers. The government broadened the scope of disabilities to include stress, depression, and non-diagnosable things like aches and pains. I have stress, depression and pains too, but I get the fuck up at 5:15 every morning and go to work. The SSDI program is a joke. More than half the people on SSDI are lazy good for nothing leeches. They are sucking you and I dry while sitting around eating cheetos, watching Judge Judy on their government subsidized cable TV, and texting with other lazy fucks on their iPhones.

Now lets hear from the a few liberal douchebags about the cruelty of my assessment and how Wall Street does far worse things. I love that line of reasoning. The next time I see one of those shyster lawyer commercials urging me to get what I deserve, maybe I should join the FSASSDI party. You get the added benefit of Medicare coverage after only two years of SSDI stress.   

10,962,532: U.S. Disability Beneficiaries Exceed Population of Greece

May 7, 2013

CNSNews.com) – The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece.

According to newly released data from the Social Security Administration, the record 10,962,532 total disability beneficiaries in April, included a record 8,865,586 disabled workers (up from 8,853,614 in March), 1,936,236 children of disabled workers, and 160,710 spouses of disabled workers.

According to its latest census, Greece had only 10,815,197 residents.

April was the 195th straight month that the number of American workers collecting federal disability payments increased. The last time the number of Americans collecting disability decreased was in January 1997. That month the number of workers taking disability dropped by 249 people—from 4,385,623 in December 1996 to 4,385,374 in January 1997.

As the overall number of American workers collecting disability has increased, the ratio of full-time workers to disability-collecting workers has decreased.

In December 1968, 1,295,428 American workers collected disability and, according to the Bureau of Labor Statistics, 65,630,000 worked full-time. Thus, there were about 51 full-time workers for each worker collecting disability. In April 2013, with a record 8,865,586 American workers collecting disability and 116,053,000 working full-time, there were only 13 Americans working full-time for each worker on disability.

WORKING IS FOR STIFFS

31 comments

Posted on 26th April 2013 by Administrator in Economy |Politics |Social Issues

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 This is the biggest scam in the country, besides Wall Street and the Federal Reserve. Obama has gained at least 1 million automatic votes in the last four years by encouraging lazy good for nothings to join the ranks of the disabled. There is no logical reason for the number of people on SSDI to surge by 17% in less than four years other than fraud. When 33% of the new enrollees claim back pain and 15% get on SSDI because they are depressed, you know it’s mostly dirtbags and lowlifes. It would be fascinating to see which cities acount for the largest proportion of SSDI enrollees. I’m going to go out on a limb and guess that West Philly and the other Democrat run urban shitholes account for the vast majority. The liberal response to the facts below would be that corporate welfare cheating is worse, so this is OK. 

That response is bullshit. Fraud and cheating the system is wrong whether it is done by an individual or a corporation. It is a stone cold fact that at least 50% of the people receiving SSDI are capable of working. That means they are robbing the working taxpayer to the tune of about $100 billion per year (SSDI & Medicare). That ain’t chump change. So, if you want to join the FSA just read TBP for a week and get really depressed.  

  • 76,983 workers enrolled in the Social Security Disability Insurance program in April.
  • More than 300,000 have joined the program so far this year. The number of workers on permanent disability is now a record 8,865,586, a net increase of one million in just three years.
  • Today, 6.5 workers are on disability for every 100 who have a job. That’s double the ratio from two decades ago. The number of people on disability has climbed almost sixfold since 1970.
  • The program has been running a deficit since 2009, and will be insolvent by 2016, according to the program’s administrators.
  • Last year, the federal government paid $135 billion in disability benefits, which is more money than it devoted to food stamps and welfare combined.
  • And because those on disability are eligible for Medicare benefits after two years, the sharp rise in SSDI enrollment has put a huge strain on Medicare’s budget, costing the program $80 billion in 2012, according to the Congressional Budget Office. In other words, one-sixth of Medicare’s budget now goes to pay benefits for working-age disabled.
  • From 1980 to 2010, the average age of those awarded benefits fell from 51.2 to 49.5 for men, and from 51.1 to 48.8 for women.

  • What’s more, the type of disabilities workers are claiming has changed, with more and more joining the program based on hard-to-verify ailments, like back pain and other musculoskeletal problems (about a third of new enrollees) or mood disorders (15% of workers on disability).

WHY SO GLUM HOMEBUILDERS?

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Posted on 15th April 2013 by Administrator in Economy |Politics |Social Issues

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Can someone from the MSM please tell the homebuilders that we are in the midst of a tremendous housing recovery, driven by the purchase of millions of houses in foreclosure by Blackrock and the rest of the Wall Street shysters? Just because we are in the middle of the spring selling season (it accounts for 50% of the annual business of homebuilders – I know because I worked for Toll Brothers) and no one is showing up at sample homes across the country is no reason to put a frown on. Everyone knows that people with lower wages, higher tax bills, billions of student loan debt, and their bank accounts getting an Obamacare enema are always in the market for a brand new McMansion.

The highly touted housing recovery is just another Wall Street created fraud. You actually need real people to buy real houses. The little Wall Street foreclosure/rent scam is about to blow up. 

DO HOMEBUILDER STOCKS PLUNGE DURING A HOUSING RECOVERY?

Chart forSPDR S&P Homebuilders (XHB)

 

Home-builder confidence lowest in six months

By Ruth Mantell, MarketWatch

WASHINGTON (MarketWatch) — A gauge of confidence among home builders fell in April for a third month of declines, hurt by weaker views on present sales of single-family homes and prospective-buyer traffic, according to the National Association of Home Builders/Wells Fargo housing-market index released Monday.

The overall builder-confidence index decreased to 42 in April from 44 in March, hitting the lowest level in six months. 

“Many builders are expressing frustration over being unable to respond to the rising demand for new homes due to difficulties in obtaining construction credit, overly restrictive mortgage lending rules and construction costs that are increasing at a faster pace than appraised values,” said Rick Judson, chairman of the National Association of Home Builders.

While interest rates continue to hover near record lows, and have supported the housing-market’s recovery, the fresh data on confidence indicate that there are demand concerns among home builders.

NAHB’s gauge of present single-family home sales declined to 45 in April from 47 in March, and the barometer of prospective-buyer traffic fell to 30 from 34. However, a gauge of home builders’ sales expectations rose to 53 — the highest level since February 2007 — from 50.

 
Getty Images

A worker builds a new home in Phoenix for Pulte Homes.

Economists polled by MarketWatch had expected the overall builder-sentiment index to rise to 46 in April from 44 in March. See economic calendar.

The last time the index reached above a key reading of 50 was in 2006. Readings over 50 indicate that more builders see sales conditions as good than poor.

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