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We set a new record. Are we good or what?
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gulfbeachbandit
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2 Re: We set a new record. Are we good or what? 1/8/2013, 12:36 pm
Guest
Guest
Ghandi wrote:http://www.newsmax.com/newswidget/food-stamp-record-spending/2013/01/07/id/470356?promo_code=1030E-1&utm_source=sbgi.net&utm_medium=nmwidget&utm_campaign=widgetphase1
Obama votes are expensive.
3 Re: We set a new record. Are we good or what? 1/8/2013, 12:47 pm
boards of FL
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4 Re: We set a new record. Are we good or what? 1/8/2013, 1:34 pm
Guest
Guest
Keep paying your taxes, Ghandi.
SOMEBODY needs to do it. C'mon, do your patriotic duty... :-)
SOMEBODY needs to do it. C'mon, do your patriotic duty... :-)
5 Re: We set a new record. Are we good or what? 1/8/2013, 1:59 pm
Nekochan
Well, damn...pretty soon even Ghandi won't be able to afford paying for all of this!
6 Re: We set a new record. Are we good or what? 1/8/2013, 2:04 pm
Guest
Guest
Food stamp president is fitting.
8 Re: We set a new record. Are we good or what? 1/8/2013, 9:23 pm
NaNook
Many of you have no idea. When an independant grocer buys Food Stamps for 25-50cents on the dollar, who do you think pays? I would guess 20-25% of food stamp activity is fraud. Believe what you want. After the 3rd week of the month we could buy food stamps for 25 cents on the dollar. We're not talking about smokes and booze rang up as legal purchases.
Where is the oversight of our tax dollars? Asleep...always.
Where is the oversight of our tax dollars? Asleep...always.
10 Re: We set a new record. Are we good or what? 1/8/2013, 11:41 pm
Guest
Guest
You do realize that all food stamps do is funnel government money to the Grocery stores and food producers. (Kraft, Nabisco, Etc.) under the guise of helping the disadvantaged. The lobbyists for coke, Pepsi, dont really give a damn about the people, it is all about the government giving them money in form of food stamps. Big Business makes the money and the people who use the stamps get the blame. Perfect set up.
11 Re: We set a new record. Are we good or what? 1/9/2013, 1:05 am
Markle
]nochain wrote:Ghandi wrote:http://www.newsmax.com/newswidget/food-stamp-record-spending/2013/01/07/id/470356?promo_code=1030E-1&utm_source=sbgi.net&utm_medium=nmwidget&utm_campaign=widgetphase1
Obama votes are expensive.
That's why they voted for him.
12 Re: We set a new record. Are we good or what? 1/9/2013, 1:19 am
Markle
NaNook wrote:Many of you have no idea. When an independant grocer buys Food Stamps for 25-50cents on the dollar, who do you think pays? I would guess 20-25% of food stamp activity is fraud. Believe what you want. After the 3rd week of the month we could buy food stamps for 25 cents on the dollar. We're not talking about smokes and booze rang up as legal purchases.
Where is the oversight of our tax dollars? Asleep...always.
Oversight? We don't need no stinkin' OVERSIGHT.
President Barack Hussein Obama already told Speaker John Boehner, time after time that we DON'T HAVE A SPENDING PROBLEM.
13 Re: We set a new record. Are we good or what? 1/9/2013, 2:28 pm
Guest
Guest
hallmarkgrad wrote:You do realize that all food stamps do is funnel government money to the Grocery stores and food producers. (Kraft, Nabisco, Etc.) under the guise of helping the disadvantaged. The lobbyists for coke, Pepsi, dont really give a damn about the people, it is all about the government giving them money in form of food stamps. Big Business makes the money and the people who use the stamps get the blame. Perfect set up.
Dont forget all the money it makes for Chase bank.
14 Re: We set a new record. Are we good or what? 1/9/2013, 3:21 pm
Guest
Guest
Max Keiser on J.P. Morgan's poverty business.
JPM's Food Stamp Monopoly
JP Morgan is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes. Yes, you read that correctly.
In the video posted above, JP Morgan executive Christopher Paton admits that this is "a very important business to JP Morgan" and that it is doing very well. Considering the fact that the number of Americans on food stamps has exploded from 26 million in 2007 to 43 million today, one can only imagine how much JP Morgan's profits in this area have soared. But doesn't this give JP Morgan an incentive to keep the number of Americans enrolled in the food stamp program as high as possible?
There are just some things that are a little too "creepy" to be "outsourced" to private corporations. The JP Morgan executive in the interview below does his best to put a positive spin on all this, but it just seems really unsavory for a big Wall Street bank to be making so much money off of the suffering of tens of millions of Americans....
So if unemployment goes down will this ruin JP Morgan's food stamp business?
Well, apparently not. In the interview Paton says that 40% of food stamp recipients are currently working, and he seems convinced that there could be further "growth" in that segment.
So is this what America is turning into?
A place where tens of millions of the unemployed and the working poor crawl over to Wal-Mart and the dollar store every month to use the food stamp debit cards provided to them by JP Morgan?
It turns out that JP Morgan also provides child support debit cards in 15 U.S. states and they also provide unemployment insurance benefit debit cards in seven states.
Apparently states have found that they can save millions of dollars by "outsourcing" the provision of these benefits to big financial firms like JP Morgan.
So what happens if you have a problem with your food stamp debit card?
Well, you call up a JP Morgan service center. When you do this, there is a very good chance that you are going to be helped by a JP Morgan call center employee in India.
That's right - it turns out that JP Morgan is saving money by "outsourcing" food stamp customer service calls to India.
When ABC News asked JP Morgan about this, the company would not tell ABC News which states have customer service calls sent to India and which states have them handled inside the United States....
JP Morgan is the only one today still operating public-assistance call centers overseas. The company refused to say which states had calls routed to India and which ones had calls stay domestically. That decision, the company said, was often left up to the individual states.
JP Morgan has been moving some of these call center jobs back inside the United States due to political pressure, but this whole situation is a really good example of what the "global economy" is doing to middle class Americans.
Just try to imagine the irony - a formerly middle class American that has lost a job to outsourcing calls up to get help with food stamp benefits only to be answered by a call center employee in India.
Welcome to the global economy, eh?
But wait, there is more.
It has just been announced that JP Morgan has admitted that they wrongly foreclosed on over a dozen military families and that they have been overcharging "thousands" of other military families on their mortgages.
Ouch.
It is a really bad public relations move to mess with military families.
Is anyone over at JP Morgan even paying attention?
JP Morgan has also been one of the primary financial institutions involved in the foreclosure "robo-signing" scandal.
They just seem to be having all kinds of problems lately. But they are not alone.
The truth is that we have gotten to the point where big Wall Street banks such as JP Morgan, Goldman Sachs, Citibank and Morgan Stanley just have way, way too much power.
The biggest Wall Street financial institutions had no trouble begging for bailouts from the U.S. government during the financial crisis, but when the American people have needed a little grace and mercy from them they have been less than helpful.
---
JPM's Food Stamp Monopoly
JP Morgan is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food stamps, the more profits JP Morgan makes. Yes, you read that correctly.
In the video posted above, JP Morgan executive Christopher Paton admits that this is "a very important business to JP Morgan" and that it is doing very well. Considering the fact that the number of Americans on food stamps has exploded from 26 million in 2007 to 43 million today, one can only imagine how much JP Morgan's profits in this area have soared. But doesn't this give JP Morgan an incentive to keep the number of Americans enrolled in the food stamp program as high as possible?
There are just some things that are a little too "creepy" to be "outsourced" to private corporations. The JP Morgan executive in the interview below does his best to put a positive spin on all this, but it just seems really unsavory for a big Wall Street bank to be making so much money off of the suffering of tens of millions of Americans....
So if unemployment goes down will this ruin JP Morgan's food stamp business?
Well, apparently not. In the interview Paton says that 40% of food stamp recipients are currently working, and he seems convinced that there could be further "growth" in that segment.
So is this what America is turning into?
A place where tens of millions of the unemployed and the working poor crawl over to Wal-Mart and the dollar store every month to use the food stamp debit cards provided to them by JP Morgan?
It turns out that JP Morgan also provides child support debit cards in 15 U.S. states and they also provide unemployment insurance benefit debit cards in seven states.
Apparently states have found that they can save millions of dollars by "outsourcing" the provision of these benefits to big financial firms like JP Morgan.
So what happens if you have a problem with your food stamp debit card?
Well, you call up a JP Morgan service center. When you do this, there is a very good chance that you are going to be helped by a JP Morgan call center employee in India.
That's right - it turns out that JP Morgan is saving money by "outsourcing" food stamp customer service calls to India.
When ABC News asked JP Morgan about this, the company would not tell ABC News which states have customer service calls sent to India and which states have them handled inside the United States....
JP Morgan is the only one today still operating public-assistance call centers overseas. The company refused to say which states had calls routed to India and which ones had calls stay domestically. That decision, the company said, was often left up to the individual states.
JP Morgan has been moving some of these call center jobs back inside the United States due to political pressure, but this whole situation is a really good example of what the "global economy" is doing to middle class Americans.
Just try to imagine the irony - a formerly middle class American that has lost a job to outsourcing calls up to get help with food stamp benefits only to be answered by a call center employee in India.
Welcome to the global economy, eh?
But wait, there is more.
It has just been announced that JP Morgan has admitted that they wrongly foreclosed on over a dozen military families and that they have been overcharging "thousands" of other military families on their mortgages.
Ouch.
It is a really bad public relations move to mess with military families.
Is anyone over at JP Morgan even paying attention?
JP Morgan has also been one of the primary financial institutions involved in the foreclosure "robo-signing" scandal.
They just seem to be having all kinds of problems lately. But they are not alone.
The truth is that we have gotten to the point where big Wall Street banks such as JP Morgan, Goldman Sachs, Citibank and Morgan Stanley just have way, way too much power.
The biggest Wall Street financial institutions had no trouble begging for bailouts from the U.S. government during the financial crisis, but when the American people have needed a little grace and mercy from them they have been less than helpful.
---
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