Bank of Canada Governor says US economy will never recover.

[noonereal]

Originally Posted by Oerets

If you figure in Food stamps and Medicaid that they would surely qualify for at this pay-scale is not the Government subsidizing the employer?




Barney

At $8 an hour I would doubt you qualify for any assistance at all and you could not live.

This Food stamps and Medicaid myth for the working poor is largly an urban myth.

[noonereal]

Originally Posted by Charles

And we're paying people NOT to work.

Chas

Other than farmers who is it we pay not to work?

(I am sure there are others, just not sure who.)

[Oerets]

Originally Posted by noonereal

At $8 an hour I would doubt you qualify for any assistance at all and you could not live.

This Food stamps and Medicaid myth for the working poor is largly an urban myth.

Just a quick look at what is on the internet...



http://www.daytondailynews.com/news/...ys-323224.html

http://www.medicalnewstoday.com/releases/33206.php

http://investmentwatchblog.com/wal-m...-by-taxpayers/

http://www.dailynews.com/opinions/ci_18406915

Barney

[d-ray657]

Originally Posted by Oerets

Just a quick look at what is on the internet...



http://www.daytondailynews.com/news/...ys-323224.html

http://www.medicalnewstoday.com/releases/33206.php

http://investmentwatchblog.com/wal-m...-by-taxpayers/

http://www.dailynews.com/opinions/ci_18406915

Barney

Fascinating and troubling.

Regards,

D-Ray

[piece-itpete]

In Ohio, if you ask for food stamps they will give them to you for a few months at least, no questions asked, and the threshold is pretty high for ongoing help. I know working poor folks that do indeed get some sort of assistance. Having a coupla kids really really changes the picture, a family of 4 here can earn up to about $28k ($8/hr is about $16k) and still qualify.

Pete

[Bigerik]

Originally Posted by d-ray657

Fascinating and troubling.

Regards,

D-Ray

At $11.49 an hour, I wonder what Wal-Mart considers to be "affordable" health insurance.

[Oerets]

Originally Posted by Bigerik

At $11.49 an hour, I wonder what Wal-Mart considers to be "affordable" health insurance.

Medicaid ......



Barney

[noonereal]

Originally Posted by David Newman

The number has to be low enough not to pull jobs away from the private sector while high enough to get people interested. It's been phenomenally successful in Argentina and India and there is no doubt there is a number that would make it successful, here.

Indeed. This idea is wonderful. Isn't this what FDR essentially did?

In times of ecomnomic downturn instead of wideneing the gap between rich and poor by lowering taxes (a ridiculous concept popularized by Ronnie) taxes should be increased to directly give jobs to the unemployed.

The unemployed (now employed) then work on projects that will benifit big business and society when the economy returns to normal. (bridges, roads, power plants...)

What has happened instead is that the wealthy have used downturns to increase their wealth at the expense of the middle and lower class.

[noonereal]

Originally Posted by piece-itpete

In Ohio, if you ask for food stamps they will give them to you for a few months at least, no questions asked, and the threshold is pretty high for ongoing help. I know working poor folks that do indeed get some sort of assistance. Having a coupla kids really really changes the picture, a family of 4 here can earn up to about $28k ($8/hr is about $16k) and still qualify.

Pete

Yes, if you have 4 people living on $8 you will quailify.

That's $2 an hour each.