Mish has an article which states
Please consider Julia’s mother: Why a single mom is better off with a $29,000 job and welfare than taking a $69,000 job.
His article is a good read. The problem is that it is spending, not giving. The article says earlier.
It's better to receive median welfare than median income according to a US Senate budget committee report Total Welfare Spending Equates To $168 Per Day For Every Household In Poverty.
Well, that is what is billed to the taxpayers, not given to the welfare recipient. Taxpayers may be forking over $168 per day for each person on welfare, but the welfare recipient is not receiving that. Just like schools are getting $12,000 per year to educate a kid, but it is not going into the classroom. Administration takes a huge percent of the amount.
When Bill Clinton ended welfare as we knew it, the end of the world was predicted. But of course only a democrat can cut welfare, and Clinton did. The world did not end, and the economy improved. Imagine that.
A welfare fraud investigator once told me that it is impossible to live on welfare without engaging in fraud. There is just not enough money in welfare to live. The system has to be gamed, and the welfare offices acquiesce to being gamed. They never want to solve the problem, or they too are out of work.
Defense contracts are welfare too, and they too are gamed.
We are in trouble because we have too much welfare and too little freedom. The fiscal cliff is baked into the last election because politicians do not want to do the hard, right thing. All of this "negotiation" is street theatre. We will go over the cliff, and good things will happen when we have defense cuts and tax increases, because we'll be paying our bills and cutting expenses. And the world will continue to like our dollar. And gold and silver will fall.
But the we need to continue and also give more freedom and unregulate something, anything, so we can have another economic expansion. Welfare is not what we can pay out to the poor and the rich, but every expanding range of goods and services ever more accessible to an ever wide group of people. that is the free market.
Feel free to forward this by email to three of your friends.
Please consider Julia’s mother: Why a single mom is better off with a $29,000 job and welfare than taking a $69,000 job.
His article is a good read. The problem is that it is spending, not giving. The article says earlier.
It's better to receive median welfare than median income according to a US Senate budget committee report Total Welfare Spending Equates To $168 Per Day For Every Household In Poverty.
Well, that is what is billed to the taxpayers, not given to the welfare recipient. Taxpayers may be forking over $168 per day for each person on welfare, but the welfare recipient is not receiving that. Just like schools are getting $12,000 per year to educate a kid, but it is not going into the classroom. Administration takes a huge percent of the amount.
When Bill Clinton ended welfare as we knew it, the end of the world was predicted. But of course only a democrat can cut welfare, and Clinton did. The world did not end, and the economy improved. Imagine that.
A welfare fraud investigator once told me that it is impossible to live on welfare without engaging in fraud. There is just not enough money in welfare to live. The system has to be gamed, and the welfare offices acquiesce to being gamed. They never want to solve the problem, or they too are out of work.
Defense contracts are welfare too, and they too are gamed.
We are in trouble because we have too much welfare and too little freedom. The fiscal cliff is baked into the last election because politicians do not want to do the hard, right thing. All of this "negotiation" is street theatre. We will go over the cliff, and good things will happen when we have defense cuts and tax increases, because we'll be paying our bills and cutting expenses. And the world will continue to like our dollar. And gold and silver will fall.
But the we need to continue and also give more freedom and unregulate something, anything, so we can have another economic expansion. Welfare is not what we can pay out to the poor and the rich, but every expanding range of goods and services ever more accessible to an ever wide group of people. that is the free market.
Feel free to forward this by email to three of your friends.
0 comments:
Post a Comment