Agriculture Secretary - ‘Next Step’ Is to Make ‘Everyone Reapply’ for SNAP to Ensure Integrity

Text Drivers are Killers said:
You're an idiot. If you have a full time job at walmart, you don't need any help. You can live very comfortably in america on 20K a year.
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:oops: Seriously, when you blurt out these fantasies of yours, does the grinning clown you see in the mirror nod in agreement?

For your education: the FPL (federal poverty level) for a single person is an annual income just under $15,000. For a family of 4 it's exactly $30,000.

In addition to annual COLA (cost of living adjustments, i.e. food prices, health insurance), there are individual state living rates (housing, utilities, taxes). So by current standards, one would be hard pressed to find the town or county or city in a state where $20K per year makes a "comfortable" living for an individual ... "comfortable" being a highly subjective term.

As for your denial of Walmart and food stamps, that's old news you can deny all you want, but you can't make it go away: www.cbsnews.com/news/millions-of-full-time-u-s-workers-receive-federal-health-care-and-food-assistance/
 
Uncensored2008 said:
Dance monkey.

The 2008 collapse was due to Jimmy Carter and Bill Clinton - FACT. The CRA created a trillion dollars of bad debt - then the crooks at Goldman got together with the Clintons and sold the bad debt as securities.
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That was Bush and his Republican Congress all the way.

We bought a home a year for four years beginning in 2010. That was a nice step ahead. The first three were from TP dummies.
 
Into the Night said:
...and the whole thing came crashing down in 2007, after overspeculation by 'flippers' that couldn't afford the horrendous terms of the balloon loans they were taking out.
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Actually it was the collapse of MBS - mortgage backed securities - that directly crashed. Flippers, a fad created by reality TV, were a small part of it. Mostly it was loans made to millions of mostly minority buyers who had no source of income and were defaulting en masse. Wall Street greed created the illusion of stability based on the most unstable investments. They sold the public on the idea that an MBS was real estate, when it never was, it was investment in loan repayment. Loans made under the CRA to those who had no ability or intention to repay. Loans that government forced banks to make to people everyone knew to be unqualified.

Wall Street, the Banksters, being the frauds they are, took those loans and sold them to suckers as get rich schemes. Bill Clinton has is fingerprints all over that as well. Barney Frank was the architect of altering laws to allow monetization of subprime mortgages. Working with the Clinton administration SEC laws that had restricted MBS to prime mortgages were altered to allow subprime to be bundled and led to the defaults that manifested in so many organized criminal organizations banks in late 2007 through 2008.

Bill Clinton bears 80% of the blame for the collapse. Jimmy Carter 10%. The Banksters are crooks - to expect them to be anything but crooks is insane. The SEC exists to keep the crooks in check, but under Clinton the SEC joined forces with the crooks.

For @Freddy Figbottom - should the banks have been bailed out with taxpayer money? Fuck no, they should have all gone to prison - along with Barney Frank and Bill Clinton.
 
Freddy Figbottom said:
but who made banks resuritize tranches of bad loans into AAA rated securities investments?
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Barney Frank and Bill Clinton. To push the expansion of CRA the Clinton SEC altered laws to permit subprime loans to be monetized. Directly triggering the events that led to the 2008 collapse. Frank and Chris Dodd were the prime promoters of legislation that allowed these changes - the weasels of Wall Street.
 
Freddy Figbottom said:
both parties are responible
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Some Republicans voted for the Dodd-Frank alteration of SEC laws that allowed subprimes to be monetized - but it was Bill Clinton and Barney Frank that pushed that shit through.

It was also Jimmy Carter and Bill Clinton who created the millions of bad loans through the CRA that were the root cause of the crash.

No Comrade, this was a failure of socialism in action. Liars loans (CRA) and the MBS changes brought down our economy. Neither would be possible under free market Capitalism. Government stuck their piggy little hooves in and fucked everything up.
 
Text Drivers are Killers said:
Anyone who supports affirmative action is a super-racist.
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We don’t let you racists define what racism is for us non racists

That would be like letting child molesters define what child molestation is


Boy did that example prove so very true

Trump hurt little girls on Epstein’s plane

And some people tried to redefine what child molestation is
 
Uncensored2008 said:
Actually it was the collapse of MBS - mortgage backed securities - that directly crashed. Flippers, a fad created by reality TV, were a small part of it. Mostly it was loans made to millions of mostly minority buyers who had no source of income and were defaulting en masse. Wall Street greed created the illusion of stability based on the most unstable investments. They sold the public on the idea that an MBS was real estate, when it never was, it was investment in loan repayment. Loans made under the CRA to those who had no ability or intention to repay. Loans that government forced banks to make to people everyone knew to be unqualified.

Wall Street, the Banksters, being the frauds they are, took those loans and sold them to suckers as get rich schemes. Bill Clinton has is fingerprints all over that as well. Barney Frank was the architect of altering laws to allow monetization of subprime mortgages. Working with the Clinton administration SEC laws that had restricted MBS to prime mortgages were altered to allow subprime to be bundled and led to the defaults that manifested in so many organized criminal organizations banks in late 2007 through 2008.

Bill Clinton bears 80% of the blame for the collapse. Jimmy Carter 10%. The Banksters are crooks - to expect them to be anything but crooks is insane. The SEC exists to keep the crooks in check, but under Clinton the SEC joined forces with the crooks.

For @Freddy Figbottom - should the banks have been bailed out with taxpayer money? Fuck no, they should have all gone to prison - along with Barney Frank and Bill Clinton.
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The GOP is responsible for 70% of the problem, but the Dems are not guiltless.
 
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