Friday, October 3, 2014

How to stretch your income...at the taxpayer expense.

Michigan public assistance benefit (aka food stamps) recipient Amanda Clayton won $1 million in the lottery. But claiming since she was only able to pocket $500,000 of it after taxes and - because she was unemployed and had bills on two houses to pay - she continued taking $200 per month in food stamps from the government. "It's just hard, you know," she told a TV station. "I'm struggling."*

Really? Seriously?

"In a move little noticed outside of the business pages, General Motors last week bought more than $400 million in shares of PSA Peugeot Citroen – a 7 percent stake in the company. Because [thanks to the federal government's bailout of General Motors] U.S. taxpayers still own roughly one-quarter of GM, they now own a piece of Peugeot."**

Really? Seriously?

Gee. I wonder how much more I'd be able to afford to buy if I had a large chunk of my wealth being expanded by the federal government at taxpayer expense? I mean, hey! If I didn't have to spend my own money on stuff.... Or since I can't afford it on my household income but the feds would kick in a whole bunch over and above what we make....

This is what's wrong with our country today. We have widespread moral bankruptcy and corrupt value systems as are demonstrated in these two situations. It's like Tom Brokaw used to say, "The Fleecing of America" and an indication of just how low this country's sunk. 

**Read more: http://abcnews.go.com/blogs/politics/2012/03/an-american-auto-bailout-for-france/

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