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Re: Wow! The food stamp program is now equivalent to 14 percent of all U.S. grocery store sales.

By: micro in WRGO | Recommend this post (0)
Sat, 15 Dec 12 1:09 AM | 228 view(s)
Boardmark this board | Reality news,,,,,,,, 		Msg. 02100 of 18626
(This msg. is a reply to 02097 by capt_nemo)
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Totally agree.

I believe in helping people who have experienced bad situations through loss of income and employment and genuinely need some help with basics until they can get going again.
I actually try to help in a personal way with that. I bought an employee of mine $250.00 worth of shirts for Christmas. We wrapped them up in boxes with ribbin and bows and put them in his vehicle when he was working.

DO not open till Christmas is on the boxes.

I hope he thoroughly enjoys his new wardrobe we bought for him. He is struggling and yet tries so hard to do right. Just trying to help him oput because he doesn;t have a lot of extra disposable income.

I also usually buy Missionaries that come to our church a new suit and shirts and ties so they can keep their offerings and gifts from the people to feed their families and put fuel in the gas tank.

It is a wonderful feeling helping out people who need help and not letting them know it was you.


Monetary policy indeed IS absurd and has been for awhile.
These are very tough and difficult times we live in.
I truly do feel the pain of those who through no fault of their own lost their jobs and income.

But, never the less, the over the top spending and allowances are a whole other matter that you are pointing to and does indeed need to be reviewed and re-done, but it will not happen with this administration. But then, you know that......

Ah, we could go on a long time but it will not change a thing.

Good to see you and read you again!

Captain,
if I don't get back before Monday, I wish you a Merry Christmas and a blessed New Year.

As you know, surgery is Monday morning early.

God bless,

micro.... Very Happy


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The above is a reply to the following message:
Wow! The food stamp program is now equivalent to 14 percent of all U.S. grocery store sales.
By: capt_nemo in WRGO
Fri, 14 Dec 12 10:31 PM 		Msg. 02097 of 18626

Though the Fed indirectly finances the food stamp program with its purchase of treasury securities — $45 billion per month starting in January — we wouldn’t be surprised someday that the central bank actually begins to print food stamps. This wouldn’t pack the potential punch of creating “high powered” bank reserves, which can be multiplied in a healthy financial system through credit creation, however. But at least the “printed money food stamps” would lead to direct demand creation, rather than, as most of it does now, sit on deposit at the Fed in the form of excess bank reserves.

Seriously. Monetary policy has almost become this absurd.

What if the Fed’s policies actually contribute to unemployment? Such as repressing and changing the relative cost of capital. This makes it easier for companies to finance machinery which either enhances labor productivity, reducing the need for more workers, or less costly to replace workers with robots. Clearly, some of this is currently taking place.

The Fed’s policy of repressing government borrowing costs and indirect deficit financing reduces the government’s incentive to implement the necessary structural reforms to put the budget on a sustainable path. This would reduce uncertainty and maybe give the business

http://www.ritholtz.com/blog/2012/12/the-fed-on-food-stamps/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

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