U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-01-2008, 10:01 AM
 
Location: Tennessee/Michigan
27,998 posts, read 46,401,830 times
Reputation: 19403

Advertisements

Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive a sure sign the world's richest country faces economic crisis

USA 2008: The Great Depression - Americas, World - The Independent
Reply With Quote Quick reply to this message

 
Old 04-01-2008, 10:21 AM
 
Location: America
6,979 posts, read 15,143,314 times
Reputation: 2059
I remember after 9/11 when the economy went down hill. I knew a girl who worked at that department of child and family services here in Florida. This is where you go to get medicaid, food stamps etc.

Anyway she said she had to quit. She said after 9/11 she would see families with nice Gucci, Louis Vuitton hand bags and drive BMW and Benz. They lost their jobs and were on the verge of losing their homes and such. Problem was, they couldn't help these people. See, when you go to qualify for aid they look at what you made last year on your tax returns. If you made to much money last year, you don't qualify for aid this year. She said, she would see grown men and women break down and cry out of desperation.

The way the system is set up is really nuts. It is going to be interesting to see people try to get help this go round. Especially since more people are in trouble this time than last go round.

Another thing that cracks me up is, this crap happens every decade or so. They pass laws and initiatives to help the people. Then after things get better, people catch amnesia about how they needed help. Then they want to do away with these initiatives or reform them which end up hurting people at the bottom.
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 10:28 AM
 
5,092 posts, read 9,610,205 times
Reputation: 3941
Nope, nope, no. No recession, no depression. All just your imagination. Ignore the man behind the curtain. All is well, time to move along. Everything is okay dokey. :roll:

See? Fox News says so:

FOXNews.com - The 'Recession' Is a Media Myth - Opinion

A couple of useful and interesting reads:

(a little long, but good very good reads along this topic)

The five stages of collapse | EnergyBulletin.net | Peak Oil News Clearinghouse (http://www.energybulletin.net/40919.html - broken link)

Closing the 'Collapse Gap': the USSR was better prepared for collapse than the US | EnergyBulletin.net | Peak Oil News Clearinghouse (http://www.energybulletin.net/23259.html - broken link)
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 10:32 AM
 
Location: NJ/NY
10,634 posts, read 16,222,793 times
Reputation: 2787
Quote:
Originally Posted by Wild Style View Post
I remember after 9/11 when the economy went down hill. I knew a girl who worked at that department of child and family services here in Florida. This is where you go to get medicaid, food stamps etc.

Anyway she said she had to quit. She said after 9/11 she would see families with nice Gucci, Louis Vuitton hand bags and drive BMW and Benz. They lost their jobs and were on the verge of losing their homes and such. Problem was, they couldn't help these people. See, when you go to qualify for aid they look at what you made last year on your tax returns. If you made to much money last year, you don't qualify for aid this year. She said, she would see grown men and women break down and cry out of desperation.

The way the system is set up is really nuts. It is going to be interesting to see people try to get help this go round. Especially since more people are in trouble this time than last go round.

Another thing that cracks me up is, this crap happens every decade or so. They pass laws and initiatives to help the people. Then after things get better, people catch amnesia about how they needed help. Then they want to do away with these initiatives or reform them which end up hurting people at the bottom.
If you're at that point, where you are applying for food stamps, you should have sold all your Gucci and cars for cash to live on.
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 10:33 AM
 
Location: WA
5,293 posts, read 20,726,343 times
Reputation: 5627
This headline is simply distorting the situation. There is a huge difference in an economic decline and a depression. There is no depression in the cards.

It is unfortunate that many people need help buying food but it is also unfortunate that the system is scammed by so many that don't need public help to live.

I find reports that focus on one side of an issue with inflammatory rhetoric more harmful than helpful.
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 10:38 AM
 
Location: America
6,979 posts, read 15,143,314 times
Reputation: 2059
rofl, good point. Your right they should have. But, that money is only going to last so long. When that is used up, then what? I doubt it would get them through a year. I mean if they could hold out for one more year, then their income taxes would really reflect their current situation.
Quote:
Originally Posted by newtoli View Post
If you're at that point, where you are applying for food stamps, you should have sold all your Gucci and cars for cash to live on.
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 10:59 AM
 
Location: Wherabouts Unknown!
7,756 posts, read 16,465,200 times
Reputation: 9292
cdelena wrote:
I find reports that focus on one side of an issue with inflammatory rhetoric more harmful than helpful.
AGREED! It just perpetuates more of the same by putting negative thoughts and imagines into the minds of more & more people. Whatever gets focused on most strongly is what comes to pass. Those articles ( even though the facts may be accurrate ) are the fuel of self-fulfilling prophecies. Unfortunately, americans as a whole are addicted to news with a negative slant. Has everyone had their fix today?
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 11:09 AM
 
5,092 posts, read 9,610,205 times
Reputation: 3941
Quote:
Originally Posted by newtoli View Post
If you're at that point, where you are applying for food stamps, you should have sold all your Gucci and cars for cash to live on.
In the wide pattern, they did not actually "own" those items to be able to sell them. All were financed and "owned" by the banks. So when the downturn hits, the people are upside down with the cars (and now the house, as well), and could not sell them if they wanted to.

Just to sell or get rid of these "assets," which are held against them would cost them cash from a savings account they do not have -- because if they had spare cash, they would not be seeking the public assistance.

Further, the job they had the prior year (and paid taxes to support public assistance, among other things) is also held against them as they are not statistically "poor" because of that now evaporated income.

Finally, there is little to no second hand market for the formally rich folks' trinkets. Check a pawn shop. Mostly tools and guns. The jewelery is at or below market value for the metals and jewels contained.
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 11:19 AM
 
Location: weddington
373 posts, read 1,309,817 times
Reputation: 181
I don't much stock in an article written and published by a British mag that has a perpetual bias against anything American.
Reply With Quote Quick reply to this message
 
Old 04-01-2008, 11:25 AM
 
Location: America
6,979 posts, read 15,143,314 times
Reputation: 2059
Quote:
Originally Posted by Philip T View Post
In the wide pattern, they did not actually "own" those items to be able to sell them. All were financed and "owned" by the banks. So when the downturn hits, the people are upside down with the cars (and now the house, as well), and could not sell them if they wanted to.

Just to sell or get rid of these "assets," which are held against them would cost them cash from a savings account they do not have -- because if they had spare cash, they would not be seeking the public assistance.

Further, the job they had the prior year (and paid taxes to support public assistance, among other things) is also held against them as they are not statistically "poor" because of that now evaporated income.

Finally, there is little to no second hand market for the formally rich folks' trinkets. Check a pawn shop. Mostly tools and guns. The jewelery is at or below market value for the metals and jewels contained.
to be fair there are thrift shops and consignment shops that specialize in their shiny trinkets.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top