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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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0 Members and 3 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

Times are going to get worse as states run out of money.States can't print money so they have to follow a budget!  LANSING, Mich. (AP) â€" Gov. Rick Snyder on Tuesday signed into law a stricter, four-year lifetime limit on cash welfare benefits, prompting advocates for the poor to warn that tens of thousands of residents will find themselves without cash assistance on Oct. 1.
Michigan's first-year Republican chief executive said the state will offer exemptions to the limit for those with a disability who can't work, those who care for a disabled spouse or child and those who are 65 or older and don't qualify for Social Security benefits or receive very low benefits.
Some recipients who are the victims of domestic violence also may be temporarily exempted.
"We are returning cash assistance to its original intent as a transitional program to help families while they work toward self-sufficiency," Snyder said in a statement. He noted that the state still will help the poor by offering food stamps, health care coverage

triffid

through Medicaid, child care and emergency services.
Then-Gov. Jennifer Granholm, a Democrat, signed a bill that created a four-year limit starting in 2007. But that law exempted many welfare recipients, including those whose caseworkers said they were making progress toward finding employment.
The 2010 election of Snyder and the simultaneous Republican takeover of the Michigan House gave the GOP a free hand to set its own course on public assistance.
The change gives Michigan the Midwest's toughest welfare time limit, according to a survey by The Detroit News. It said there are five-year limits in Illinois, Iowa, Minnesota, Missouri, Ohio and Wisconsin. Indiana has a two-year limit for adults â€" but none for children.
Gilda Jacobs of the Michigan League for Human Services said she expects about 41,000 people to lose their cash assistance payments on Oct. 1 when the state's new budget year begins. That includes 29,700 children, according to the Michigan Department of Human Services.
"We're very, very concerned," Jacobs said. "As the days go by, new people will be meeting the 48-month limit. ... More will be falling off that cliff."
The new law will reduce the number of children and adults receiving cash assistance by nearly a fifth, from more than 221,000 to around 180,000. Enforcing a four-year limit will save the state more than $60 million annually, according to a House Fiscal Agency analysis.
Jacobs said it's hard to see how 11,000 adults will find a job when Michigan's July unemployment rate was 10.9 percent, tied with South Carolina for third-highest in the nation.
"We still have to preserve a safety net for people who, through no fault of their own, can't find a job," she said, noting that most cash assistance goes to help poor residents pay their rent. "There's obviously a lot of anxiety out there. Folks aren't sure exactly what this means to them."
State officials say they're working with nonprofit organizations to direct welfare recipients to other services and provide a "soft landing" as they lose benefits. Recipients will be connected with other resources, given housing and job placement assistance for up to three months beyond October and mentored by trained job navigators.
"Michigan continues to face financial challenges, and the fiscal reality is that we cannot afford to provide lifetime cash assistance to recipients who are able to work," Health and Human Services director Maura Corrigan said in a statement. "Enforcing lifetime limits for cash assistance ensures that available funds are targeted toward those recipients who need a helping hand while they find employment."
Michigan ranked 38th in child poverty for 2009, defined as income below $21,756 for a family of two adults and two children. About 23 percent of Michigan's children lived in poverty in 2009, compared with 20 percent nationally. In 2000, only 14 percent of Michigan children lived in poverty. The average age of a child in a family receiving cash assistance is around 7 years old.
Snyder, a Republican, has said reducing the number of children living in poverty is a priority of his administration.
The Michigan Catholic Conference has objected to the four-year limit. The conference said the effect will be felt for years by society and by children who lose services.

triffid

So as people lose money they lose hope and more and more will turn to crime.I was told that its very unlikely my squatters cooked meth because the odor can be smelled a long ways away.So I'll quit talking about it for now. Some may go back to work? Some will realizing the free ride is over or nearing the end.I have seen the future here in St.Louis.It can't be very good.To see whats in St.Louis spread to other states and cities?triffid

the_big_m_in_ok

Quote from: triffid on September 07, 2011, 12:12:48 PM
So as people lose money they lose hope and more and more will turn to crime.I was told that its very unlikely my squatters cooked meth because the odor can be smelled a long ways away.So I'll quit talking about it for now. ...
The cops are usually understaffed as it is.  Cutbacks and all.  You're pretty much on your own unless you can get your trusty friends to assist you.
Quote
Some may go back to work? Some will realizing the free ride is over or nearing the end.I have seen the future here in St.Louis.It can't be very good.To see whats in St.Louis spread to other states and cities?triffid
I've been meaning to say something about that.  Some economic analysts say that the European problem(s) are worse than Lehman Bros.  Confidence can fall to "zilch."  Zip.  Zero.  Nada.  This problem will involve more money than Lehman and this impending "fear tsunami" can spread all over Europe. 

Greek riots will return.  All over Europe, especially the PIIGS countries.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

triffid

Yes the crime rate here in st.Louis is very bad.Murder capital of the USA Is what I've heard it called.It takes ten minutes for the cops to come to you on a 911 call.You need to know about firearms and know how to use them.Because that is the only defense you have during the first ten minutes of a home invasion.
My squatters popped open the screen door to the front door here and woke me up!Now I scared them off when I shouted "what the hell!!!".They were long gone ten minutes laterwhen the police came.triffid